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The dollar index sold off from the 40dema and daily momentum is on the verge of signalling a sell. As it does and confirms wave 5 down, the minimum projection based on 38.2% of waves 1-3 is to 90.15. If prices continue lower into the end of October to the lower end of the channel we end up at 88.7

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GOOD TIME TO BUY

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If the extreme reached in the Positioning of traders in commodities is signaling a pause to the rally then this the best wave count as of now on the Bloomberg Commodities index . A 5 wave advance may be wave 1 of a larger uptrend in development. Any decline would be wave 2 only. The rally so far has not broken out of the falling trendline from the 2010 top, the...

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USDINR stopped making new lows after the 1st of September. The October rally and the November rally have resulted in higher bottoms in the USDINR resulting in a long inter-market divergence between the Nifty and the currency pair. Now that the dollar index itself has not broken it September low, if it bounces back below is the alternate wave count for the USDINR...

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On the long-term chart of BPCL the entire consolidation of the last few years is a 4th wave triangle pattern. Triangles themselves involved 5 waves to be marked as A-B-C-D-E, and in this case wave E has still not developed to complete the structure. This leaves open the potential for one last retest of the lower trendline near 277 before wave 5 up can start.

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The longer the dollar index takes to break down lower, weekly volatility as measured by the Bollinger bands continues to contract, lowering the odds of an immediate decline. The 1st alternatives for a small bump up as discussed yesterday, however, the 2nd alternate is that a larger wave C bounce, back to the top end of the range near 95 can also take place. The...

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WAVE C DOWN

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GOOD TIME TO SHO0RT PULL BACK AND SHORT

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wave 5 down

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Wheat bounced back from near the lower end of the channel in wave IV and wave V can head back to the top end of the channel near 670 as long as the trendline support holds.

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Again buy with sl 1897$ We bought 1910$ / 1915$ Tgt 1953$

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Sugar prices broke past the wave 1 high, starting wave 3 up, minor wave iii of 3 going on. Wave 1 was 49% up in price. Wave 3 =1 would mean another 49% up to 17.20$

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GOOD IHS DONT MISS THE CHANCE

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SAME PATTERN SIDE WAYES ND GOING UP SIDE WAYS AND GOING UP GOOD TO BUY

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wave 4 down then start wave 5 up

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wave 5 start in dow

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Maruti wave 5 up side start

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GOOD BAT PATTERN IN MARUTI