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Here’s a part of today’s newsletter.
Global Equity Indices
Today, slight correction is expected. On Monday, bearish trend is anticipated. On 21st-22nd April, a sharp fall is indicated. By the next weekend, S&P500 can drop below 2020.
TODAY’S TRADING RANGE: * June contract
- DOW (FUT):17900-17780
- S&P 500 (FUT): 2081-2065
- NASDAQ (FUT): 4575-4510
- FTSE (APR FUT):6360-6280
- CAC(APR FUT): 4450-4380
- DAX(JUN FUT): 10160-10020
- AEX(FUT): 440-438
- HENG SENG(FUT): 21500-21200
PRECIOUS METALS
Gold made a low of 1225 in the previous trading session. For today, Gold shall be range bound to positive. In next week, a highly bullish trend is indicated – which may drive it to 1290-1300.
You are advised to accumulate 50% long position tonight (around closing).
In Silver, a correction is indicated today. Around US closing, you can also long 50% Silver for target 18.
Or if Silver touches 15.60, accumulate 100% long position in silver.
MCX traders shall long 50% position in Silver and Gold. Target for MCX GOLD: 30,000+, MCX Silver: 40,000.
TRADING RANGE:
- GOLD: 1215-1240
- SILVER:16.30-15.70
INDUSTRIAL METALS
Copper shall be in corrective mode.
TRADING RANGE:
– COPPER: 2.17-2.14
ENERGY PRODUCTS
CRUDE OIL
Crude oil shall undergo correction for the day. At lower level, long crude oil as next week is bullish for oil.
NG
NG shall be in weak / corrective mode for today.
TRADING RANGE
- CRUDE: 42-40.20
- NG 00-1.91
CURRENCY PAIRS
EURO
EUR/USD may move up for the day. You can long EUR/USD around 1.1220 with stop loss of 1.1190.
In next week, EUR/USD shall trade positive.
USD/INR
HOLIDAY
DOLLAR INDEX
Dollar index shall be in corrective mode for the day.
TRADING RANGE:
- EUR/USD: 1.1220-1.1280
- USD/INR: CLOSED
- DOLLAR INDEX: 95.20-94.60
US TREASURY BONDS
Buy treasury bonds on dips. In next week, it shall move up.
TRADING RANGE:
- US 10 YEAR: 1.82-1.75
- US 30 YEAR: 2.64-2.55
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