Dollar Index moved sharply higher and rest every went down including precious metals…Mars plays is role of aggressive volatility.
Dear Members,
On Wednesday Most commodities lost value after the Fed announcement except Oil. Dollar index strong rebound came as expected but positive astro day was not able to help Gold and silver. Silver was our favorite trade which also lost big value.
It was a very bad day for metal investors on a positive astro day which is not a good sign. Thursday is also a positive astro day for precious metals but it looks like that negativity is overruling positivity, so I am recommending wait and watch Thursdays trend closely. I will watch the silver trend closely because it is still our favorite trade but closing in red will be a warning sign though I don’t see it going below $26.73, we don’t see it closing below $27.29 for the three days. Gold has astro support at $1793 though it may not close below $1833 level.
Mars in cancer plays a major volatile role for commodities and it will remain in the cancer until 20 July so trade carefully. Dollar Index to rise further as predicted so stay long in USD and stay short in most currencies.
Grains and soft acted negative, stay away from any buying, stay because u uncertainty will remain in the commodity market.
Oil prices to remain sideways but must remember now oil achieved our higher side $72.88 level on Wednesday so profit booking is recommended 100%.
Natural Gas still looks positive this week so stay long or buy.
The USA market lost value but we are still not recommending shorts, surely watch the next two trading days closely. The S&P bullish trend will be intact until it holds 4161 level and if it does not close three days below this level.
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Thanks & God Bless
Mahendra Sharma