update on june prediction for oil,gold,silver,eurusd,forex

Our june predictions for brent crude, gold,silver,eurusd forecast lower prices for each. Based on recommended levels of selling, positions on eurusd,brent crude,gold would have yielded good profits and while silver selling price was not met even though it has corrected nearly 20% in June

our predictions have been more detailed for brent crude. while dominant price  range of 110-110 was not met, it has touched levels of $105.

July -August predictions indicates possibility of steeper correction in oil in July and may start resuming upward trend peaking in August. we may again make detailed predictions for commodities for month of July


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Prediction: correction expected in gold,silver,brent crude, eurousd -Par t 3

please read the detailed predictions on gold,silver,brent/nymex crude, Eurusd for june and also oil prediction for next 3 months

It would not be complete without choosing levels to sell though they are not part of predictions.usual disclaimers apply

Spot price	Current price June 1	Sell at
Gold price	$1535.60/oz	1542-45
silver	38.16/oz	40-43
brent	$118  per barrel	118-125
eurusd	1.4443 per Euro	1.4490-1.4560

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Part 2: Should you buy or sell Gold,Silver,Eurusd and Brent petroleum in June 2011? and beyond

Part 2:June Forecast Prediction for price of Gold, Silver, Brent Crude, Eurusd rates

We have made detailed predictions using variations of Tarot card model developed over last few years  to make predictions about price behaviour of  key commodities, forex traded widely. Please one of the recent posts (may 31- June 1)for snapshot of our predictions.

We have made detailed predictions for Brent crude prices including 3 month outlook and less detailed June outlook for  Gold, Silver, Brent crude prices. Prediction are in US$ hence effect on local currencies may be different

Prediction are based after considering spot prices, various ETFs ,various grades of oil and futures traded in each of the commodities and looking at common patterns

	Predictions for  June outlook- (in US $)
EurUsd	Correction in Euro(depreciation) interrupted by recovery in mid phase of june. Overall buy US $ Dollar
Brent petroleum	Correction mostly hitting lowest mid june, possibly again in last week of June
Gold	Correction US $ prices
Silver	Correction in US $ prices

	Most dominant price range	June 1-10	June 11-20	June 21-30
EurUsd	NA- buy dollar .correction dominat	Euro correction after initial rise	Euro bounce-back in early phase	Euro again corrects
Brent petroleum	$100-110 Small probability of hitting $130 early or end June	Correction after rise	Lowest monthly prices	Chance of another low
Gold	NA. overall correction	Correction after rise	Lowest prices	Rise in last week
Silver	NA.overall correction. highest risk prediction	---	Lowest prices	Good Rise in last week

Price outlook	June	July	August
Brent petroleum ( Sell july futures, buy august futures after corrections	Volatile, choppy and good corrections	Volatile but Sharpest correction	Good rise

Though this is jumping the gun, but based on patterns indicated especially for Brent crude and Eurusd, we believe Gaddafi may be out by/before  mid july  and a significant Eurozone decision about Greece or Eurozone related developments

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Disclaimer: You are responsible for consequences of using these predictions.Please use fundamental, technical,short run macro and political conditions to make balance trading judgements rather than  rely on any  single parameter. Our brent price predictions is contrary to revised bullish prediction for brent oil  made by Goldman Sachs (for year 2011