CALIFORNIA (Commodity Online): Metals and energy would be highly volatile from Wednesday and reduced exposure to gold and silver is indicated from late Tuesday or early Wednesday, according to Mahendra Sharma (www.mahendraprophecy.com), a renowned forecaster of financial markets.
In a weekly note released on Monday, Mahendra Sharma said Astro charts signal copper will remain in bull cycle as Mars is in full support of copper. He advises investors to start booking profits in all base metals from Wednesday. This week cocoa futures may trade sideways and sugar may go up sharply. Orange juice futures will remain volatile on unusual weather pattern in Florida threatening orange crops. Oil prices will remain volatile, he added.
Mahendra Sharma writes:From late Wednesday to Friday, we will see both side movements in the market and any sharp fall should be taken as a buying opportunity in intra-day trading and any sharp rise should be taken as a selling opportunity. By the middle of Friday trading session, one can start accumulating grains and softs.
