Tuesday’s trading range of all major markets
Dear Members,
Another three days I am here in remote place so flashnews will come late because I have go far to connect internet. From Friday onward Newsletter and Flash will be send on time as usual.
METALS
Monday we recommended to sell metals on higher side predicted price. I am sure many must have sold, and those who don’t want to sell can stay away from market. One shouldn’t be buying at this stage because uncertain time for gold and silver is still pending. Please follow weekly Newsletter for this week trend. We are expecting weaker trend coming on Tuesday and Wednesday metals will fall. We have watch if gold holds $1530 and silver $26.30.
Here is Tuesday’s range:
GOLD: $1590.75 to $1571.10
SILVER: $27.80 TO $26.90
COPPER: $334.90 TO $327.10
PALLADIUM: $614.00 TO $602.80
PLATINUM: $1448 TO $1429
SOFT COMMODITIES
Soft commodities will remain weaker, so avoid any position. Yesterday coffee made ice gain on negative day, which giving clear indications that coffee prices are ready to move up sharply. Buy coffee.
Tuesday’s trading range:
COFFEE: $161.00 TO $155.05
COTTON: $72.10 TO $69.90
COCOA: $2105 TO $2061
SUGAR: $20.63 TO $20.03
ORNAGE JUICE: $124.55 TO $121.70
INDEXES
Today markets will remain in sideways, tomorrow other negative days so one should trade in and out rather than taking position and holding for few days. We will come out with clear outlook in this week newsletter. S&P may retest 1282 before it start new trend.
Tuesday’s trading range (September 2012 contract):
AUSTRALIAN (Cash) – 4215 to 4170
NIKKEI – 8739 TO 8569
NIFTY S&P (Spot) – 5129 TO 5047
SINGAP0RE (cash) – 2878.7 TO 2845.00
HONG KONG (cash) – 19005 to 18703
CAC – 3045 TO 2997
DAX – 6199 TO 6114
FTSE – 5568 TO 5389
S&P – 1317.75 TO 1299.50
NASDAQ – 2559.5 TO 2511
RUSSELL – 765.50 TO 750.25
DOW – 12499 TO 12365
GRAINS
Wheat moved up $100 in the last nine trading session. Soy, meal and corn also gained sharply, Our buying call of wheat done fantastic, focus on wheat and corn for longer term as they are our favorite and will outperform all other commodities except coffee. Don’t short gains at any price until Astro indicators give clear signal.
Tuesday’s trading range (July contracts):
CORN: $637.75 TO $617.25
WHEAT: $738.25 TO $794.5
RICE: $14.86 TO $14.50
SOY: $1495.25 TO $1470.75
SOY MEAL: $438.25 TO $428.00
SOY OIL: 51.59 TO $50.63
ENERGY
Oil will remain in the predicted trading range below here, it is nearer to bottom but we are not recommending any buying. Gas and bond prices will trade also in the predicted range.
Tuesday’s trading range:
OIL: $80.68 to 77.45 August contract
NATURAL GAS: $2.80 to $2.65 August contract
TREASURY BOND – 149-28 TO 148-14 (Sep contracts)
CURRENCIES
Tuesday all major currencies will gain some value but higher side is limited. Buy dollar on any weakness as tomorrow we may see dollar rising and dollar trend will remain up.
Tuesday’s trading range (September contract)
DOLLAR INDEX – 82.90 to 82.36
AUSTRALIAN DOLLAR – 0.9986 to 0.9863
CANADIAN DOLLAR – 0.9740 to 0.9671
BRITISH POUND – 1.5611 to 1.5479
EURO – 1.2559 to 1.2477
JAPANESE YEN – 1.2538 to 1.2478
SWISS FRANC – 1.0482 to 1.0401
RUPPEE – 57.29 TO 56.51
RAND – 8.46 to 8.33
Traders:
Buy coffee and dollar on weaker trend as huge up move is on the way.
Sell currencies and indexes on higher side predicted range as mentioned above here.
I will remain in remote part of India until this Friday, and I might not able to send flashnews on time so please bear with us.
Special offer of Life membership will end on Next Monday, new prices will be $199 from $59.00.
Thanks & God Bless,
Mahendra Sharma
Tuesday 8.00 AM, Rajasthan, India