Dear Members/Friends,
I was just reviewing last year book and found most trading ranges were very close as mentioned in “2018 Financial Predictions”. This year book “2019 Financial Predictions” will be out on 20th January. I am sure this book will help you in making important short, medium- and longer-term trading and investment decisions. Book is covering monthly predictions from metals, energy, Indexes,
Trade record report card:
Wrong Predictions of 2018:
· Palladium fall was expected from $1135
· October to December we never expected huge corrections in market.
· Coffee remained lower sides
Predictions came true in 2018:
· Market to make all time high in September, and S&P to bottom out at $2315 level
· Gold to make top at $1361 and silver at $17.75 in April
· Crash in base metals (zinc, copper, nickel) predicted from March 2018, predicted 30% crash
· Oil to top out at $73.88, and fall predicted from this level
· Coffee remained lower sides
· Buying cotton at $72.72 and booking profit at $89.88
· Lumber to top out at $645 with bottoming out at $318.00 level. Short lumber was best predictions of 2018
· Cocoa bottoming out at $2075
· Soy buying was recommended $843 as we didn’t expected to fall below this level
· Dollar toping out at $97.15 level
· Bottom predicted in Emerging currencies like Rupee, Real, Rand and Peso
· Thirty year to test 137-00 on lower side, this was one of the best predictions
· Four years back we predicted AMZN to test $2000, APPLE 230.
· NVDA and FACEBOOK short recommended in 2018
Here is trading range for 2018 for all major currencies
USD: 97.78 TO 89.71 (Down side maximum risk is 1% from lower ranges or till 88.21 in USD Index)
Australian Dollar: 0.8075 to 0.7211
British Pound: 1.4478 to 1.3071
Canadian Dollar: 0.8195 to 0.7415 (if Oil moves towards $72.00 then Canadian Dollar can move towards 0.8425)
Euro: 1.2398 to 1.1375 or even 1.1257
Japanese Yen: 0.9632 to 0.8620
Swiss Franc: 1.0678 to 0.9709
Chinese Yuan: 6.81 to 6.24
Indian Rupee: 68.68 to 64.11
Russian Ruble: 64.25 to 52.50
South African Rand: 11.88 to 14.05
2018 trading ranges of South American currencies trend:
Mexican Peso: 20.81 to 17.11
Brazilian Real: 3.880 to 3.180
Argentina Peso: 26.95 to 21.35
Chile Peso: 665 to 560
Here trading range for South East Asian Currency trend in 2018:
Indonesian Rupiah: 16175 to 12750
Malaysian Ringgit: 4.39 to 3.71
Pakistan Rupee: 118.97 to 104.10
Here are the trading ranges for the Asian markets in 2018:
Australia: 6505 to 5775
China (Shanghai): 3705 to 3005
India (Nifty): 12879 to 10015
Japan (Nikkei): 27150 to 20051
Malaysia (KLCI): 2015 to 1682
Indonesia: 6695 to 5737
Philippines: 8428 to 7208
Thailand: 2015 to 1635
Taiwan (Weighted): 11935 to 10239
South Korea (KOSPI): 2742 to 2351
New Zealand: 273 to 228
Pakistan’s Karachi Index: 47,700 to 36,059
Singapore: 3621 to 3255
Sri Lanka: 7295 to 6051
Russia: 2505 to 2017
Vietnam: 1203 to 981
Here trading ranges for European markets in 2018:
Austria: 3725 to 3255
Belgium: 4295 to 3710
Denmark OMX All share: 1208 to 928
Finland: 4595 to 3951
France CAC: 5895 to 5081
FTSE London: 8455 to 7005
Germany DAX: 15089 to 11155
Greece: 1008 to 711
Hungary: 40955 to 36,050
Ireland: 7525 to 6690
Italy (MIB): 27,955 to 21,011
Netherland: 725 to 495
Norway: 988 to 775
Portugal: 6252 to 5402
Poland: 2775 to 2495
Spain: 11845 to 9523
Swiss SMI: 10275 to 8011
Sweden: 1805 to 1505
Turkey: 128255 to 110255
Ukraine: 523 to 353
Here 2018 trading ranges for Middle-East Index:
Bahrain: 1488 to 1275
Egypt: 17555 to 13888
Israel: 1752 to 1470
Jordan: 2370 to 2015
Kuwait: to 5490 to 4495
Lebanon: 1295 to 1023
Oman: 5095 to 4387
Qatar: 11280 to 7788
Saudi Arabia: 8920 to 7025
UAE: 5195 to 4255
Here are the trading ranges for the South American markets in 2018:
Argentina (Merval): 35370 to 28775
Brazil: 87370 to 69120
Chile: 6189 to 5228
Mexico: 51,265 to 45,190
Peru: 23,520 to 19,610
Here are 2018 trading ranges for the USA Indexes:
S&P: 2975 to 2651
NASDAQ: 7575 to 6451
RUSSEL 2000: 1707 to 1445
DOW Jones: 27,770 to 23,971
Here are trading ranges for grains in 2018
Corn: $405 to $331
Wheat: $588 to $397
Soy bean: $1071 to $912, if soy trades above $1071 for five days then $1198 is possible
Soy Meal: $351 to $295
Soy Oil: $36.95 to 29.75
2018 Trading range for Thirty Year Bond:
Thirty Year Bond - 157-00 to 136-00 (If Bond trades below 136-00 for five days then we may see it hitting 127-00)
2018 Trading range for energy:
Oil: $65.68 to $53.35, if it closes above $65.68 for five days then 72.32 is next maximum target
Heating Oil: $2.2921 to $1.6615, if it closes above $2.0921 for five days then 2.3215 is next target
RB Gas: $2.2578 to 1.6555, if it closes above $1.9878 for five days then 2.1415 is next target
Natural gas: $3.78 to $2.63
Metals trading mentioned in the book sections were very accurate. March onward collapse in base metals predictions done very well, we predicted 30% fall. Gold higher side $1362 and lower side $1182 level predicted.
Thanks & God Bless
Mahendra Sharma