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What’s next in bullion, energy products, currencies
View on Global Stock Indices
-Today major stock indices are expected to be volatile to slightly positive till US non-farm payroll data.
After non-farm payroll data or US opening, we expect a sharp fall in global stock indices.
On Monday, we expect a bearish opening in Asian market.
SELL S&P500 on rise.
Trading Range:
S&P500: 1,600-1,571 & BELOW
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View on Precious Metals:
Precious metals are expected to be slightly positive till non-farm pay roll data.
However, after US opening or non-farm pay roll data, a sharp decline is expected in precious metals (gold, silver).
Trading Range:
GOLD: 1,490-1,440 & BELOW
SILVER: 24.50-23.20-23.00-22.90
Sell Bullion on higher levels.
Similar trend is expected in base metals.
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Energy Product
Today, sharp decline is indicated in Crude Oil (on higher level) after non-farm pay roll data.
Trading Range:
CRUDE OIL: 94.50-90.50
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Currencies
SELL EUR/USD on rise.
Trading Range:
EUR/USD: 1.3120-1.2980
USD/INR: 53.80-54.30
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Indian Stock Market:
Today, Indian stock market is expected to be volatile to weak in first half. But some recovery is possible in second half. Closing may be positive. Monday opening is expected to be negative for Indian stock market.
Integrate Market Timing in your Portfolio
Mr. Rajeev Prakash
Rajeev is a well-known astrologer based in central India who has a deep understanding of both personal and mundane astrology. His team has been closely monitoring the movements of various global financial markets, including equities, precious metals, currency pairs, yields, and treasury bonds.
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