Dear Friends,
Enjoy our Thursday flashews here, our warning on fall of Metals and all other markets came very accurate, both side predicted targets got fulfilled as mentioned as per Thursday’s flashnews. We appreciate support from our loyal members and we request nature to give us more humbleness. Many people requesting us to put flash on our website early when Asian market open but we won't able to do it as this is a paid services and members pays high fee for all our subscriptions. Daily cost of flash is just less than $6.00, which is nothing against risk we take in markets. I am trying to sell my services to anyone. Our most exciting book “2012 Financial Predictions” will be out next week.
Thanks Mahendra Sharma
Thursday’s Flashnews
Dear Members
Yesterday day trading range accuracy came almost 95% accurate. Today we would like advise you not to go aggressive for the next three days (Thursday, Friday and Monday). Don’t buy on any positive news from Europe or EU, in fact any rise should be taken profit booking or selling opportunity on late Friday or Monday.
We recommended buying metals on weak on Wednesday, and this predictions proven very accurate, Thursday we recommend booking profit at higher side and avoid any new position in buying gold and silver.
Thursday’s range will be:
GOLD - $1752 to $1730.8
SILVER - $32.96 to $32.06
COPPER – $358.20 TO $350.10
PLATINUM - $1530 TO $1503
PALLADIUM – $691 TO $662
Book profit on higher side in indexes as sharp weakness will come, Here Thursday’s trading range:
Australia – 4330 to 4253
NIKKEI – 8720 TO 8633
HANG SANG – 19190 TO 18830
DAX – 6089 TO 5960
CAC – 3229 TO 3169
FSTE – 5618 - 5521
S&P – 1272.75 TO 1253
NASDAQ – 2344 TO 2301
Except coffee and cotton all other soft commodities looks very negative. Here is trading range for Thursday:
Coffee - $232.80 TO $228.70 (Buy on lower side)
Cotton - $93.00 to $91.10 (Buy on lower side)
Cocoa - $2112 TO $2150 (Still in weaker trend, already fell 30%)
Sugar - $23.32 to $22.75 (Crashed yesterday, fell almost 5%)
Orange Juice - $175.3 TO $170.7 (Looks very negative)
Grains have been trading weaker as predicted, avoid any position in grains.
Here is Thursdays range:
CORN - $595 TO $583
WHEAT - $603 TO 589
SOY - $1130.5 TO $1114
RICE - $14.51 TO $14.17
Oil is trading mix, trade in and out but don’t go short with big position as until 17 December oil will remain mix.
Here is Thursday’s trading range:
NATURAL GAS – $3.51 TO $3.36
OIL - $101.09 TO 99.15
There is great opportunity of buying dollar, avoid all currencies except Yen and Pound (Don’t short pound, yen and USD).
Here is Thursday’s trading range:
Dollar Index – 78.28 to 78.78
Australian dollar – 1.0298 to 1.0203
British Pound – 1.5750 to 1.5615
Canadian Dollar – 0.9943 to 0.9851
EURO - 1.3459 to 1.3365
Japanese yen – 1.2919 to 1.2850
Swiss Franc – 1.0784 to 1.0852
Rupee – 51.48 to 51.82
Rand – 7.99 to 8.11
Thanks & God Bless
Mahendra Sharma
7 December 2011, Wednesday
6.50 PM Santa Barbara