Solar eclipse could leave a shadow on the markets for the half cycle of the new moon…
Dear Members,
Last week the market got a small dent because it closed in the negative on Tuesday and Thursday which is not a good sign. It rebounded on Friday which is not very relevant.
Precious metals are making a big statement, we are not recommending any shorts in precious metals, and traders should hold long positions in them. Our first target almost got achieved last for gold and silver $2378 and $27.75, this week we released news targets in the below metal sections, so let's have great fun trading metals. Yes, we are not recommending any short positions in metals. It looks like gold and silver are ready to create new history.
This week's solar eclipse of Monday will bring a shadow over North America which means that some power and positive energy will be taken away by this solar eclipse. It is a total eclipse in the house of Pisces which may bring some uncertain news before the Sun gets out of Pisces, which means something big may happen around the 14th of April 2024. The half cycle of the new Moon will be for 15 days, so during the next 15 days we may witness some uncertainty in the market and commodities may move higher.
This solar eclipse is not very favorable for the markets, but it is very favorable for precious metals and commodities so trade accordingly. Expect some volatility in the market for the next two weeks.
Our book also predicted natural disasters that could be responsible for bringing uncertainty in financial markets, especially markets like India for the short term. Our book points toward earthquakes and we witnessed two last week, one in Taiwan and a second one in New York/New Jersey.
The solar eclipse may create major geopolitical tensions or major attacks on a few countries so plan your trading carefully. Our Astro cycles advise investors who are holding long positions to take some hedging trades. India and Asian countries will get huge damage from natural disasters as predicted in this year's book so be aware.
Oil prices are moving higher, and we are still not recommending any shorts though they are close to the top, but still, some juice is pending on the higher side for buyers because geopolitical uncertainty is expected. Follow or range closely to take trades. The higher side still $89.88 is the selling level and we have been recommending buying oil at $84.11 level until it holds this level.
Grains and Softs lost value, but Coffee marched ahead, and it could move higher.
Currencies traded mixed, and most of the currencies may continue to trade mixed. Thirty Year lost value last week and an uncertain trend is still pending.
I saw a short-term negative Astro combination on the 5th of October, and we predicted that the market could struggle until the 30th of October or the 4th of November. This is what we mentioned on 26th October 2023: The Astro combinations will turn extremely positive on Monday, the 30th of October before the USA market opens or on the 4th of November. This is great news for investors as we expect a dark cloud to get out from Jupiter, which is currently ruling on the market trends. One of the biggest Airavath (bullish) trends will start from 30 Oct or 4th Nov.
Monday’s trends for all the commodities, markets, currencies, and bonds:
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Thanks & God Bless
Mahendra Sharma