Dear Members,
Important note: Overall this week seems to be a mixed week for everything. The 12th of March 2023 is coming close which will help the markets in a big way. S&P will hold 3911 and NASDAQ 11701. We don’t see both these indexes remaining below these levels for more than three days.
Metals will trade sideways so avoid any major buying. However, we see gold, silver, and platinum making a longer-term bottom in March or April so get ready to take aggressive long positions. Historic bull markets in metals will start. A bull market in metals will be another headache for FED. Gold won’t go below $1781 and silver $20.41. Avoid base metals or just trade in and out.
The Dollar index is ready to make the top around 105.29 to 105.88 level.
A great buying opportunity is coming up in the Thirty-Year bond so don’t miss it, keep adding at 123-00 and below.
Natural gas and cotton are at a great level to buy, so buy on any weakness. It held a $2.41 level. BOIL moved higher, Gas will have short-term Astro support at $2.61 and $2.43 levels.
Cotton will be a great bet.
Thanks & God Bless
Mahendra Sharma