Views on major indices, commodities and currencies

Global Equity Indices

Today, market shall behave positive. Next day onwards, correction may again start. Positional traders shall buy put options in S&P500 FUT or buy VIX. Here onwards, market shall be ready for a sharp correction by the next weekend.

PRECIOUS METALS

Gold and Silver may undergo correction (negative) by tomorrow or Monday. Positional trader may long 50% position tomorrow and rest on Monday.

INDUSTRIAL METALS

Book 50% profit in Copper at 2.63 and hold rest with S/L 2.58.

CRUDE OIL

Crude oil shall be positive for the day. It can move up-to 49.00-50.00. In next week, negativity is anticipated.

NG

NG shall be positive for today and tomorrow. Long NG with S/L of 2.97.

EUR/USD

EUR/USD shall drop for the day.

USD/INR

Buy USD/INR at lower level and hold for next week.

DOLLAR INDEX

Dollar index shall be moving towards positivity.

USD/JPY

You are advised to long USD/JPY.

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