PRECIOUS METALS

Precious metals shall be supportive.

Gold shall trade between 1,313-1,325.

Bullion shall be supportive for the day.

From next day, sharp decline is indicated, which would last till Friday.

Gold could drop to 1,290 by Friday while Silver could drop below 20.50 by Friday.

It is advisable to sell gold and silver at higher level(s).

TRADING RANGE:

#GOLD : 1,313-1,325

#SILVER:20.83-21.25

Stock Markets Around the Globe

In the weekly newsletter delivered on Monday, we had mentioned of sharp correction in global equities.

S&P500 made a low of 1,953. Our target was achieved.

We hope you had booked profit.

For today, market is supportive.  In short position, you must book profit.

S&P500 shall be back to the levels of 1,967.

Again from next day, weakness shall prevail in the market, which would continue with volatility till Friday.

Make long position in S&P500 with stop loss 1,947 for target 1,967-1,972. After FOMC minutes, make short position in S&P500 for target 1,955-1,950.

Next 2 days are volatile to weak for the equities.

TRADING RANGE:

#DOW FUT: 16,820-16,900

#S&P500 FUT(SEP): 1,952-1,967+

#NASDAQ FUT(SEP): 3,850-3,875

#FTSE FUT: 6,670-6,740

# CAC FUT : 4,345-4,380

#DAX FUT: 9,750-9,840

#HANG SENG:23,100-23,450

#AEX:409-412

US 10 YR-TREASURY BONDS

Bond achieved 2.53 as mentioned in the weekly letter.

From next day, bond shall experience weakness, which shall last till Friday.

At higher levels, short treasury bond for target 2.67+.

TRADING RANGE:

-US 10 YR T BOND: 2.53-2.62