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Monday, January 27, 2014

DAILY COMMODITY MARKET STRATEGY


BASE METAL WRAP: Copper futures regained strength on Monday to bounce off a six-week low, as a broadly weaker U.S. dollar boosted the appeal of the industrial metal.

ENERGY WRAP: West Texas Intermediate crude fell for a second day as purchases of new U.S. homes missed forecasts, raising concern that fuel demand may slow in the world’s leading consumer of oil. Natural gas futures plunged in New York, declining from the highest price in almost four years, as forecasts showed mostly normal weather on the East Coast in early February.

PRECIOUS METAL WRAP: Gold held a decline from the highest level in more than two months as the U.S. Federal Reserve was expected to trim stimulus just as physical demand in Asia slows before the Lunar New Year. Platinum snapped a three-day drop.

GLOBAL EVENTS TO WATCH: NAB Business Confidence, Prelim GDP q/q, Core Durable Goods Orders m/m, Durable Goods Orders m/m, S&P/CS Composite-20 HPI y/y, CB Consumer Confidence, Richmond Manufacturing Index.

COMMODITY
Agri COMMODITY
CS COPPER (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:451
SUP2:443
RESIST1:462
RESIST2:468
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927
CS CHANA (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:2950
SUP2:2850
RESIST1:3030
RESIST2:3090
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927 +919977499927
CS CRUDE (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:6000
SUP2:5930
RESIST1:6135
RESIST2:6174
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS JEERA (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:12360
SUP2:12270
RESIST1:12950
RESIST2:13540
TRADING STRATEGY: SELL ON RISE
CAPITALSTAR0S.COM +919200099927
CS GOLD (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:29450
SUP2:29390
RESIST1:29890
RESIST2:30015
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS TURMERIC (APRIL) OVERVIEW:
TREND CONSOLIDATE
SUP1:6890
SUP2:6820
RESIST1:7150
RESIST2:7250
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS SILVER (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:43560
SUP2:42430
RESIST1:45740
RESIST2:46700
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS SOYABEAN (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:3842
SUP2:3800
RESIST1:3915
RESIST2:3950
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927

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