Global Equity Indices Update : Positive Market Outlook

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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