Uncertainty continues due to Russia-Ukraine war

Astrodunia

US Stock Market

Owing to the Russia-Ukraine war, global markets are experiencing uncertainty. Last Friday, DOW closed at 33451, S&P500 closed at 4322, NASDAQ closed at 14049 and RUSSELL closed at 1992.

A gap-down opening has happened in early Asian hours. While the newsletter is being written, DOW made a low of 33176, S&P500 made a low of 4260, NASDAQ made a low of 13551 and RUSSELL made a low of 1959.

DOW has support at 33000 and resistance at 34000. S&P500 has support at 4240 and resistance at 4330. NASDAQ has support at 13500 and resistance at 14000. RUSSELL has support at 1940 and resistance at 2000.

The market may recover from today’s lower levels until Wednesday (with some volatility). After Thursday’s opening, a drop is indicated until Friday (especially Friday shall be a declining day).

Precious Metals

As per medium term view mentioned in Annual Letter 2022, Gold and Silver are trading higher. Gold made a high of 1997 in today’s session while Silver made a high of 26.27. In the current week, bullion is positive till Thursday’s US opening. This shall be followed by a correction over the weekend. Gold has intraday support at 1977 and resistance at 2020. Silver has intraday support at 25.70 and resistance at 26.50-27.00.

Crude Oil

Crude made a high of 130.33 in today’s Asian hours. It is currently trading at 123. Resistance lies at 132 while support lies at 120. Overall, crude may remain mixed to positive till Thursday’s US opening.

Natural Gas

Continue holding long position in NG. It made a high of 5.08 in today’s session. It is moving closer to our short term target.

Indian Stock Market

Gap down opening is indicated for the Indian market owing to the Russia-Ukraine war. Nifty has support at 15750 and resistance at 16400. Bank Nifty has support at 32700 and resistance at 35000. Long Nifty at the lower level with S/L 15750 for target 16400 & Bank Nifty at the lower level with S/L 32700 for target 35100.

The market may recover from lower levels and with volatility, it may remain supportive till Thursday. On Friday, a drop is indicated.

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Mr. Rajeev prakash agarwal financial astrologer

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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