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Wednesday, January 15, 2014

DAILY COMMODITY MARKET STRATEGY



BASE METAL WRAP: Copper prices advanced in London on speculation that an improving global economy will increase demand. Nickel rose to a 10-week high on concern that supplies will tighten as Indonesian bans ore exports.
 
ENERGY WRAP: West Texas Intermediate traded near the highest price in two weeks after government data showed crude inventories fell to the lowest level since March 2012 in the U.S., the world’s biggest oil consumer. Natural gas futures declined from a two-week high in New York on forecasts for milder weather that would limit demand for the heating fuel.
 
PRECIOUS METAL WRAP: Gold held a two-day decline from the highest level in a month on speculation that the U.S. economy is strong enough for the Federal Reserve to continue reducing asset purchases, boosting the dollar.

GLOBAL EVENTS TO WATCH: Employment Change, Unemployment Rate, Core CPI m/m, Unemployment Claims, CPI m/m, Treasury Sec Lew Speaks, TIC Long-Term Purchases, Philly Fed Manufacturing Index, NAHB Housing Market Index, Natural Gas Storage, Fed Chairman Bernanke Speaks, SNB Chairman Jordan Speaks.


COMMODITY
Agri COMMODITY
CS COPPER (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:458
SUP2:456
RESIST1:463
RESIST2:468
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS CHANA (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:3015
SUP2:2950
RESIST1:3164
RESIST2:3194
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927 +919977499927
CS CRUDE (JAN.) OVERVIEW:
TREND CONSOLIDATE
SUP1:5770
SUP2:5710
RESIST1:5935
RESIST2:5972
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
SUP1:28800
SUP2:28670
RESIST1:29315
RESIST2:29640
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS TURMERIC (APRIL) OVERVIEW:
TREND CONSOLIDATE
SUP1:6510
SUP2:6370
RESIST1:6940
RESIST2:7250
TRADING STRATEGY: SELL ON RISE
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
SUP1:3600
SUP2:3530
RESIST1:3752
RESIST2:3792
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927

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