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Thursday, February 6, 2014

DAILY COMMODITY MARKET STRATEGY-7 FEB

BASE METAL WRAP: Copper rose for a second day, heading for a weekly advance, as stockpiles declined and biggest-user China returned from Lunar New Year holidays.

ENERGY WRAP: West Texas Intermediate crude traded near the highest price in a week as stronger-than-forecast economic data bolstered the outlook for fuel demand in the U.S., the world’s biggest oil user.

PRECIOUS METAL WRAP: Gold headed for a weekly gain before data on U.S. jobs and as China, which probably overtook India as the largest consumer in 2013, returned from the Lunar New Year break. Silver halted its longest rally since December.

GLOBAL EVENTS TO WATCH: Manufacturing Production m/m, Employment Change, Unemployment Rate, Non-Farm Employment Change, Unemployment Rate, Average Hourly Earnings m/m.


Agri COMMODITY
COMMODITY
CS CHANA (APRIL) OVERVIEW:
TREND CONSOLIDATE
SUP1:2950
SUP2:2875
RESIST1:3042
RESIST2:3060
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927 +919977499927
CS COPPER (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:444
SUP2:440
RESIST1:449
RESIST2:452
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS JEERA (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:11750
SUP2:11670
RESIST1:11950
RESIST2:12070
TRADING STRATEGY: SELL ON RISE
CAPITALSTAR0S.COM +919200099927
CS CRUDE (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:6040
SUP2:6004
RESIST1:6200
RESIST2:6272
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS TURMERIC (APRIL) OVERVIEW:
TREND CONSOLIDATE
SUP1:6950
SUP2:6880
RESIST1:7240
RESIST2:7420
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927
CS GOLD (APRIL) OVERVIEW:
TREND CONSOLIDATE
SUP1:28600
SUP2:28260
RESIST1:29100
RESIST2:29480
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
CS SILVER (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:44150
SUP2:43400
RESIST1:45750
RESIST2:45950
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927


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