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What’s next in stocks, bullion, currencies and bonds
STOCK MARKETS AROUND THE GLOBE
Today onwards, volatility shall reduce in stocks. In coming days, DOW can have a positive rally of 800 points while S&P500 can have a positive rally of 80 points.Hold long position in S&P500 & DOW for target 1,950+; 17,000+ respectively.
It is advisable to long major stock indices around the globe. In coming days, bullish trend is expected.
TRADING RANGE:: ONLY FOR MEMBERS
PRECIOUS METALS
We had already mentioned in last day’s letter that today bullion would be in correction mode around Asian opening. You can see that bullion has opened in corrective mode. It shall remain weak till UK opening or 14.45 HRS IST.
It is advisable to make long position at lower level or around 14.45 HRS IST (whichever comes first).
From here, bullion shall enter in bullish trend.
Bullion shall remain bullish for next day.
For Friday as well, volatile to slightly positive trend is expected.
In this time frame (of a couple of days), GOLD can cross 1,248 while SILVER can cross 18.40.
Overall, bullion shall have support till 24th October 2014.
And from 27th October 2014, bullion may experience a sharp fall which would last till 1st November 2014.
On 2nd November 2014, Saturn shall move to Scorpio.
From this point, bullion shall re-enter bullish phase.
This bullishness shall continue till year-end.
TRADING RANGE:: ONLY FOR MEMBERS
INDUSTRIAL METALS
Copper has moved up from lower level.
For today, volatile to positive trend is expected (especially from 14.30 HRS IST).
TRADING RANGE:: ONLY FOR MEMBERS
ENERGY PRODUCTS
CRUDE OIL
Crude Oil shall enter in positive mode today (from 14.30 HRS IST). This positivity shall continue for next 2 days as well.
Big positive (positional) move shall start from 2nd November 2014.
NATURAL GAS
NG shall enter in positive mode today (from 14.30 HRS IST). This positivity shall continue for next 2 days as well.
Big positive (positional) move shall start from 2nd November 2014.
TRADING RANGE:: ONLY FOR MEMBERS
CURRENCIES
EURO
EUR/USD shall be negative till 14.30 HRS IST and then shall move up. For next day, EUR/USD is positive.
Around 14.30 HRS IST, long EUR/USD.
INDIAN RUPEE (USD/INR)
In coming days, USD/INR shall cross 62.25.
DOLLAR INDEX
Dollar index shall remain positive till 14.30 HRS IST and then shall trade in negative mode. It shall remain negative for next day as well.
A sharp correction is expected in Dollar Index after Saturn changes house on 2nd November 2014. This correction shall continue till 16th / 17th November 2014.
TRADING RANGE:: ONLY FOR MEMBERS
US 10 YR-TREASURY BOND
Bonds shall be positive till 14.30 HRS IST. And then it shall drop. Around 14.30 HRS IST, short bonds.
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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