When to buy or sell commodities

Happy Gandhi Jayanti! Here’s the letter for 3rd October 2012

3^rd October 2012

Today, global stock indices are expected to be highly volatile & positive. But if it goes down from UK Opening (12.30 PM IST) then the pressure can continue till US Opening. Then on wards, recovery shall start from US Opening.

4^th & 5^th of October 2012 – a big move (upward) is possible in global stock indices. You need to follow the strategy of “BUY ON DIPS & SELL ON RISE”.

Trading Range (3^rd October 2012) –Global Stock Indices

è DJIA (DEC-FUTURE): 13,350-13,450

è NASDAQ (DEC-FUTURE): 2,782-2,810

è S&P 500 (DEC-FUTURE): 1,432-1,449-1,455

è FTSE 100: 5,780-5,840

è DAX: 7,275-7,340

è CSE: 3,390-3,430

è HANG SENG INDEX: 2,805-2,890 AND ABOVE (ABOVE MEANS WE ARE BULLISH.)

è NIFTY (SPOT):5,720-5,780

But please keep alert in all indices futures after 12.30 PM (IST). If it goes down then the negativity shall continue till US Opening.

OUTLOOK ABOUT PRECIOUS METAL (3rd October 2012)

Precious metals –volatile to positive till 12.30 HRS (IST). If precious metals go down from 12.30 HRS then SELL on RISE. This negativity shall continue till US opening. And you can make buying position at US opening. 

Tomorrow on wards big upward move is possible. This shall continue till 5^th October 2012.

Evening session shall be positive for precious metals and base, industrial metals (especially Copper, Nickel).

GOLD: 1765-1782-1792

SILVER: 34.20-35.20

(BUY BULLION ON DIPS & SELL ON RISE)

TRADING RANGE OF INDUSTRIAL METALS (3rd October 2012)

COPPER: 3.75-3.84

TRADING RANGE OF CURRENCY (3rd October 2012)

è      EUR/USD: 1.2880-1.2960 (SELL ON HIGHER LEVEL WITH STOP LOSS 1.2980 FOR TARGET 1.2900-1.2880-1.2850 )

è      USD/INR (SPOT) :52.20-52.80-53.10

è      DOLLAR INDEX: 79.50-80.20

TRADING RANGE OF ENERGY PRODUCTS (3rd October 2012)

• CRUDE OIL: 91.00-92.80-93.50
• NATURAL GAS: 3.45-3.55

Crude Oil shall rise in next 2 days. You can make buying position in OIL tonight on dips.

(Updated at 07.12 HRS(IST)- 3rd October 2012- Indore, India)

Please note that this is an indicative report only and not live trading calls. Our specialty is ‘LIVE TRADING CALLS’. Kindly contact us if you want to add the advantage of ‘financial astrology’ to your portfolio.