Dear Members,
This week Scorpio Moon and Lunar Eclipse could create some volatility or some unpleasant events between late Tuesday to Thursday so I strongly recommend investors to remain on the sideline. During this period some natural calamities could also take place which could take life so stay alert.
In our this weeks weekly newsletter we warned investors to remain sideline between late Tuesday to Thursday, let this period get over then we will make trading decisions. Though our view is not negative at all for precious metals so keep this in mind but base or industrial metals could keep losing value so stay away. Last week copper, Iron ore, palladium, Nickel, zinc and lead lost value as predicted and more weakness is pending. Watch the lower side level to cover some short period in base metals as mentioned in this week's newsletter.
We have been enjoying writing about Crypto currencies since we added Crypto sections in our weekly newsletter. Three weeks back we provided a Bitcoin target of $21225 so watch this level closely and higher side selling is recommended at $40888 level. Rest of Crypto will lose around 50% value. This week again our view is very negative on Crypto so don’t buy any positions on weakness as they can have free fall.
Grains lost big value in the last two weeks as predicted and further weakness is pending. Time to take or add more soy oil.
Softs have been trading as predicted, Lumber fall and short bottom out took place as predicted, now Tuesday will be a great day to take some sell in Lumber. Coffee is our favorite trade but read our weekly letter carefully.
Globally markets performed well during last week. The USA and Indian MARKET outperform global markets and we expected that. PSU banks are on fire in India, watch Nifty 15268 and Bank Nifty 34938 level closely on higher sides, follow Indian daily letter closely as our this service becomes a very popular service among wealthy Indian.
Currencies are trading higher but watch USD INDEX 89.38 level closely. Watch Wednesday and Thursdays trend closely in the currency market as mentioned in this week's weekly newsletter.
Important note: Tuesday will be the right day to book profits in many long and shorts, because Wednesday and Thursday could turn out to be the most volatile days so take care of your short term trading and investment.
Thanks & God Bless
Mahendra Sharma