Dear Members,
On Monday Natural gas not only achieved our target of $5.78 on higher side but it also closed above $5.68 astro resistance level which indicates that any prices are possible on higher side if Gas closes above these levels. Our view on gas have been very bullish since last five months and we kept recommending buying without knowing energy crises of Europe. Astro tools are amazing because all reason develop later either they could be political, weather, demand or short fall, all these reasons give shape astro predictions to get fulfill. Gas closes at 12% higher on Monday, it tested $5.95, and it could move toward $6.78 level in the short period so don’t short gas at any prices.
Oil, heating oil and RB Gas also moving higher, and oil may test $77.88 level in the short period. Gas etfs like BIOL and UNG are on fire, BIOL went 25% higher on Monday.
Metals acted mix, grains gained value and softs acted mix as predicted.
Markets also lost value as predicted in Mondays letter, and Thirty Year bond went below 160-00 level, achieved our first target.
Dollar acted mix, only euro and Yen weakness is helping USD but rest of currencies are acting well. Among emerging market currencies Brazilian Real losing value.
Tuesday is important day for metals and market, we will talk in individual sections below.
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Thanks & God Bless
Mahendra Sharma