World Indices - Commodities - Out Look - The path ahead from here on ---- Markets short term or call it mid term Bullish Trend is still Intact - however for the current bulls to complete its course , that is S&P500 1846 - 1918 it needs some more room and steam - the correction we are expecting now is healthy for the markets ..
As per the current scenario Fed Taper will trigger the correction as there isn`t any other option to consider - Finally Trendyaa Turns Bearish On Global Markets - SP500 Poised for 1716 - 1704 ahead.
Once Nifty Tests 6626 the TRIGGER will be pulled across the Globe for the much awaited correction
The same Fed Taper Scenario when impacts the markets its obvious that GOLD & SILVER will Enter Aggressive Bullish Phase
Crude Oil International is expected to face resistance @ 98.40 - 98.80 above that 99.20 - 99.70 from there I see a DEEP FALL in Oil Up to 89.96 - 88.80
The reason ?? Economy weak Crude Oil weaker will be the saga of conspiracy theorists after the correction or the Game is Over.
MCX Gold and Silver Prices will also Spike but do not expect a premium alike International GOLD SILVER Prices - As the Fed Taper Will have a Negative Impact on Dollar Index Which coincides with our Initiated USDINR or RUPEE Target "59" which may put some pressure on Mcx prices.
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