Monday soft market remained closed so yesterday ranges and predictions applies for today: Last week Coffee performed well, sugar and cocoa remained in a mixed trend. This week from Friday a major move in coffee will start. On Saturday Mercury will join Mars which will be a major supportive combination so keep building longs. We are coming closer to a major turn-around in coffee price.
Coffee is getting ready for a 20% rise in the next six to eight weeks. Downside risk 3 to 4%.
Friday will be the best day to bet on sugar and cocoa. Next level in coffee will be $96.18. If coffee closes above this level for three days then expect $102.75 to $106.78.
Stay away from cotton, lumber and Orange Juice, as prices may fall further towards multiyear lows.
A lifetime buying opportunity is coming in coffee at $88.25, cotton at $62.75, sugar at $11.71, and cocoa $2125.
Tuesday astro combination recommendations – Trade in and out coffee, sugar, and cocoa on lower sides.
Monday grains market remained closed so yesterday ranges and predictions applies for today: Last week grains moved higher, especially corn and wheat. Soy remained in a mixed trend.
Now we need to watch the higher side range of 398 in corn, and corn closing above this level for three days could push it towards $419.
Wheat gained handsome value, now once again $493 will be a crucial level. Closing above this level for three days may push it towards $523. Wheat can test $505. Soy will trade mixed on Monday.
On the lower side wheat will hold $462, Soy $812, and corn $388. Soy meal and soy oil will remain in a mixed direction so stay away.
Buy Wheat at $423, Soy $822, and Corn $343; as we don’t see prices going below these levels. The higher side for Soy is $975, Wheat $557, and Corn $398 by the end of April.
Thanks & Gless
Mahendra Sharma