LONG TERM VIEWS - Update: 4-Oct-13
COMMODITIES:
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GOLD (MCX): Trend is up but price is correcting and this fall may continue till Oct-Nov. Investors should wait till a clear cycle bottom is formed. Price will take support at 28800, below which it can fall to 26000, 23000. If the price does not rise from current correction, it will turn into a down trend.
SILVER (MCX): It is in long term uptrend and intermediate term downtrend. Below 30000, the long term uptrend will end. Its current upward cycle started in Jun from a low of 38536. The current upward cycle is expected to last at least till Jan 2014. But if it falls below 47000, this upward cycle may end. Currently price is correcting and this phase may last till September to December. Last investment buying signal was in Jun 2013. Investors should wait for a buying signal.
COPPER (MCX): It is in long term as well as intermediate term uptrend. Below 380, the intermediate term uptrend will end. Its current upward cycle started in April 2013 from a low of 367. The current upward cycle is expected to last at least till Jan 2014. But if it falls below 420, this upward cycle may end. Currently price is correcting and this phase may last till September to December. Investors should wait for a buying signal.
EQUITIES:
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Its current cycle started up in Dec 2011 from a low of 4538. Currently the cycle is in downward move. The current downward cycle is expected to last till Oct-Dec 2013. Currently price is pulling back following upward swing of a short term cycle. Investors should wait for a buying signal.
HANGSENG: Trend is up but more upside seems limited.
NIKKEI: Since Nov 2012 it was trending up untill Mar 2013. Since then it has been consolidating at higher levels. Its up trending has finished and more upside seems difficult. Price is moving in cyclic form and making new high (above 15942.6) would be difficult unless price again starts trending up. Current cycle is at its peak and its down cycle has a length of about two years (till 2015). Prices are also following a short term cycle which reversed from its top last month and may take about a month to reach its bottom.
CURRENCIES:
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DOLLAR INDEX: The trend is up though the price cycle is moving down. Below 79.7, it may fall further up to 76/75.5.
EURUSD: It has started trending up and there is no indication of how long this uptrend may continue. Avoid short selling.
JPYUSD: After falling big from 1.3 to below 1, it is now consolidating and the major cycle is moving up from bottom. Upward cycle may continue till Mar 2014.
COMMODITIES:
=============
GOLD (MCX): Trend is up but price is correcting and this fall may continue till Oct-Nov. Investors should wait till a clear cycle bottom is formed. Price will take support at 28800, below which it can fall to 26000, 23000. If the price does not rise from current correction, it will turn into a down trend.
SILVER (MCX): It is in long term uptrend and intermediate term downtrend. Below 30000, the long term uptrend will end. Its current upward cycle started in Jun from a low of 38536. The current upward cycle is expected to last at least till Jan 2014. But if it falls below 47000, this upward cycle may end. Currently price is correcting and this phase may last till September to December. Last investment buying signal was in Jun 2013. Investors should wait for a buying signal.
COPPER (MCX): It is in long term as well as intermediate term uptrend. Below 380, the intermediate term uptrend will end. Its current upward cycle started in April 2013 from a low of 367. The current upward cycle is expected to last at least till Jan 2014. But if it falls below 420, this upward cycle may end. Currently price is correcting and this phase may last till September to December. Investors should wait for a buying signal.
EQUITIES:
==========
Its current cycle started up in Dec 2011 from a low of 4538. Currently the cycle is in downward move. The current downward cycle is expected to last till Oct-Dec 2013. Currently price is pulling back following upward swing of a short term cycle. Investors should wait for a buying signal.
HANGSENG: Trend is up but more upside seems limited.
NIKKEI: Since Nov 2012 it was trending up untill Mar 2013. Since then it has been consolidating at higher levels. Its up trending has finished and more upside seems difficult. Price is moving in cyclic form and making new high (above 15942.6) would be difficult unless price again starts trending up. Current cycle is at its peak and its down cycle has a length of about two years (till 2015). Prices are also following a short term cycle which reversed from its top last month and may take about a month to reach its bottom.
CURRENCIES:
==============
DOLLAR INDEX: The trend is up though the price cycle is moving down. Below 79.7, it may fall further up to 76/75.5.
EURUSD: It has started trending up and there is no indication of how long this uptrend may continue. Avoid short selling.
JPYUSD: After falling big from 1.3 to below 1, it is now consolidating and the major cycle is moving up from bottom. Upward cycle may continue till Mar 2014.
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