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Wednesday, February 5, 2014

DAILY COMMODITY MARKET STRATEGY-6 FEB

BASE METAL WRAP: Nickel gained for the first time in four days on speculation that demand for the metal used in corrosion resistance in stainless steel will increase.

ENERGY WRAP: West Texas Intermediate crude traded near the highest price in three days after a U.S. government report showed distillate stockpiles shrank as cold weather boosted demand for heating fuels. Natural gas rose before a government report that is expected to show U.S. inventories fell last week by almost twice the five-year average.

PRECIOUS METAL WRAP: Gold fell from the highest in more than a week as gains in equities and emerging-market currencies damped demand for alternative investments. Silver extended an advance to head for the longest rally since December.

GLOBAL EVENTS TO WATCH: Retail Sales m/m, Trade Balance, Asset Purchase Facility, Official Bank Rate, MPC Rate Statement, Challenger Job Cuts y/y, Minimum Bid Rate, Trade Balance, ECB Press Conference, Trade Balance, Unemployment Claims, Prelim Nonfarm Productivity q/q, Prelim Unit Labor Costs q/q, Ivey PMI, FOMC Member Tarullo Speaks, Natural Gas Storage.


COMMODITY
AGRI COMMODITY
CS COPPER (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:440
SUP2:435
RESIST1:446
RESIST2:449
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927
CS CHANA (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:2790
SUP2:2765
RESIST1:2854
RESIST2:2892
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927 +919977499927
CS CRUDE (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:6040
SUP2:6004
RESIST1:6170
RESIST2:6200
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS JEERA (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:11670
SUP2:11500
RESIST1:12070
RESIST2:12270
TRADING STRATEGY: SELL ON RISE
CAPITALSTAR0S.COM +919200099927
CS GOLD (APRIL) OVERVIEW:
TREND CONSOLIDATE
SUP1:28530
SUP2:28260
RESIST1:29100
RESIST2:29480
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927
CS TURMERIC (APRIL) OVERVIEW:
TREND CONSOLIDATE
SUP1:7160
SUP2:6950
RESIST1:7550
RESIST2:7650
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS SILVER (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:43400
SUP2:42900
RESIST1:45750
RESIST2:45950
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927
CS SOYABEAN (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:3830
SUP2:3780
RESIST1:3922
RESIST2:3967
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927

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