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Thursday, February 20, 2014

DAILY COMMODITY MARKET STRATEGY-21 FEB

BASE METAL WRAP: Copper futures fell to a one-week low after manufacturing shrank more than estimated in China and some Federal Reserve officials advocated further curbing of U.S. economic stimulus.

ENERGY WRAP: West Texas Intermediate crude headed for a sixth weekly gain as cold weather in the U.S. bolstered demand for heating fuels in the world’s biggest oil consumer. Brent in London is poised to advance for the week.

PRECIOUS METAL WRAP: Gold futures fell for the second straight day as concern that the Federal Reserve will press on with cuts in U.S. monetary stimulus damped demand for the metal as an alternative asset.

GLOBAL EVENTS TO WATCH: Retail Sales m/m, Core CPI m/m, Core Retail Sales m/m, Existing Home Sales.


Agri COMMODITY
COMMODITY
CS CHANA (APRIL) OVERVIEW:
TREND CONSOLIDATE
SUP1:2950
SUP2:2875
RESIST1:3090
RESIST2:3124
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927 +919977499927
CS COPPER (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:446
SUP2:443
RESIST1:452
RESIST2:454
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927
CS JEERA (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:11450
SUP2:11275
RESIST1:11900
RESIST2:12170
TRADING STRATEGY: BUY ON DIPS
CAPITALSTAR0S.COM +919200099927
CS CRUDE (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:6330
SUP2:6280
RESIST1:6477
RESIST2:6582
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS TURMERIC (APRIL) OVERVIEW:
TREND CONSOLIDATE
SUP1:7100
SUP2:6890
RESIST1:7470
RESIST2:7530
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS GOLD (APRIL) OVERVIEW:
TREND CONSOLIDATE
SUP1:29630
SUP2:29320
RESIST1:30300
RESIST2:30520
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS SOYABEAN (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:3965
SUP2:3908
RESIST1:4045
RESIST2:4140
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS SILVER (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:46700
SUP2:45850
RESIST1:48100
RESIST2:49240
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927

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