Positive Market Outlook & Short-Term Opportunities: Global Equity Indices Update
Today, the market is expected to behave positively, with potential short-term opportunities on the horizon. However, correction may resume from the next day onwards, making it crucial for traders to stay vigilant. Positional traders are advised to consider buying put options in S&P500 FUT or VIX to prepare for the anticipated correction by the weekend.
In the precious metals market, gold and silver may experience a corrective phase by tomorrow or Monday. Positional traders can initiate long positions, with 50% on Monday.
Industrial metals like copper have shown strength, with traders advised to book 50% profit at 2.63 and hold the rest with a stop loss at 2.58.
Crude oil is expected to remain positive for the day, with potential moves up to 49.00-50.00. However, negativity is anticipated in the coming week.
Other market updates include a drop in EUR/USD, a recommendation to buy USD/INR at lower levels, and a positive outlook for the Dollar Index. Additionally, traders are advised to long USD/JPY.
Stay informed and capitalize on short-term opportunities with our Global Equity Indices Update. Contact us today to learn more!
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Rajeev Prakash is the founder and CEO of AstroDunia. He is a financial astrologer with over 20 years of experience. Shashi Prakash Agarwal is an experienced market timing expert with 12 years of experience in the field. He holds an MBA in Finance from NMIMS Mumbai and an engineering degree in Computer Science. This unique combination of education and experience gives him a unique perspective on financial markets, as well as the ability to analyze market data using advanced computational tools and techniques. Throughout his career, he has demonstrated a deep understanding of financial markets, with a proven track record of success in his field.
Prakash is a leading expert on the use of astrology to predict market movements. He has written several books on the subject, and he is a frequent speaker at financial conferences. Prakash is also a regular contributor to financial publications.
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