View on Global Stock Markets:
As expected, the rally in market has slowed down. Market shall be rangebound for the day. Tomorrow, closing will be range bound to negative. On 26th, it is the solar eclipse and Mars-Uranus conjunction. Jupiter-Uranus square will be formed on 3rd March 2017. The solar eclipse on 26th which will lead the market to a considerable correction. This correction shall continue till March 2017. The top being made recently in equities is the top of 2017. Market is getting ready for a big correction. These conjunctions are indicators of man-made or natural disasters in the time ahead. A big scam might just open up, which will adversely affect global equities. The best strategy is to accumulate put options in S&P500.
The upcoming trend in Bullion and Copper:
Bullion shall be positive for the day. Next day shall also be positive. Profit booking may be observed at higher levels. In next week, bullion may undergo a big breakout.
Copper shall be rangebound to positive.
The future of crude oil and natural gas:
Crude oil shall be positive for today and tomorrow. Weekly closing shall be above 54. In next week, a bullish trend is possible. If it sustains above 55 then can go up to 56-58.
NG has reversed from lower levels. It shall be moving in positive direction. In next week as well, upward trend is possible. April contract of NG can shoot up to 3.20-3.50. Positional trader shall use S/L of 2.60.
What is next in currencies?
EUR/USD shall remain positive. The bottom of EUR/USD has been made.
Buy USD/INR at lower price. In next week, a breakout shall be observed.
Sell USD-JPY at higher levels and hold position for next week – target: 112.
Dollar index shall be bearish in next week.
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