Dear Friends,
I received many emails to put flashnews on our site for free readers. Our members doesn't like it when we put our newsletter and flash on home page as they pay for these letters. Please don't look for free informations, subscriptions fee is nothing against risk you take in markets.
I am putting Wednesdays flashnews here:
Dear Members,
Today was coffee and cotton days, coffee moved up in the last three days more than ten percent, this week call of buying coffee provided huge returns to our members those who trade soft commodities. Today coffee was up almost 5% and cotton was limit up. We recommend hold your trades in coffee and cotton. We see coffee touching $272 and cotton $116. We also recommend buying cocoa but avoid sugar.
Precious and base metals again went up, Friday will be best days to sell base metals and book profit in precious metals. Base metals short you can carry your trade in next week.
Oil trading sideways, next week huge will have huge corrections so sell oil on Thursday and add more shorts around $89.70 and target $82.70 by Friday. Natural gas will bottom out tomorrow, buy gas around $3.87.
In Yesterday flash we mentioned range of S&P 1203 to 1171, today it came down to 1180 after touching 1203. Keep doing swing trading in S&P as I don’t see upper trend remain in S&P and all other markets from here for this week. Planets are giving clear indications of worst news coming out tomorrow or Friday or during weekend.
Don’t buy grains as they will start falling down from last hour of Thursday which is tomorrow, sell Soy, corn and soy oil.
Buy Swiss Franc for shorter period around 1.2500, all other currencies will trade mix. This week dollar won’t have any clear directions and this we also mentioned in this week newsletter. Late Thursday will be best time to sell Australian dollar and Yen.
Best trade:
Keep adding cotton, cocoa, and hold coffee, hedge these trades by selling Soy, Corn and Soy oil on Thursday.
Any sharp corrections in metals should be taken buying opportunity in metals as next two days are positive.
Thanks & God Bless
Mahendra Sharma
Wednesday