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Tuesday, March 11, 2014

DAILY COMMODITY MARKET STRATEGY-12 MARCH 2014

BASE METAL WRAP: Copper traded near the lowest level in 44 months with surging volume as investors assessed signs of slowing demand in China, the biggest user of the metal.

ENERGY WRAP: West Texas Intermediate fell for a third day, the longest losing streak in two months, after an industry report showed crude inventories rose in the U.S., the world’s biggest oil consumer. Brent slid in London. Natural gas futures fell in New York as moderating weather cuts demand for the heating fuel.

PRECIOUS METAL WRAP: Gold climbed to a 19-week high as speculation China’s growth is faltering hurt equities, boosting haven demand as tension in Ukraine escalates. Holdings in the biggest exchange-traded product held at the highest this year.

GLOBAL EVENTS TO WATCH: Crude Oil Inventories, 10-y Bond Auction, Treasury Sec Lew Speaks.


Agri COMMODITY
COMMODITY
CS CHANA (APRIL) OVERVIEW:
TREND CONSOLIDATE
SUP1:3180
SUP2:3115
RESIST1:3475
RESIST2:3495
TRADING STRATEGY:BUY ON DIPS
CAPITALSTARS.COM +919200099927 +919977499927
CS COPPER (APRIL) OVERVIEW:
TREND BEARISH
SUP1:400
SUP2:393
RESIST1:407
RESIST2:415
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927
CS JEERA (MARCH) OVERVIEW:
TREND BEARISH
SUP1:10370
SUP2:10000
RESIST1:10840
RESIST2:11200
TRADING STRATEGY: SELL ON RISE
CAPITALSTAR0S.COM +919200099927
CS CRUDE (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:6040
SUP2:5980
RESIST1:6120
RESIST2:6200
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927
CS TURMERIC (APRIL) OVERVIEW:
TREND CONSOLIDATE
SUP1:7020
SUP2:6820
RESIST1:7300
RESIST2:7470
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS GOLD (APRIL) OVERVIEW:
TREND CONSOLIDATE
SUP1:29880
SUP2:29750
RESIST1:30680
RESIST2:30940
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS SOYABEAN (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:4200
SUP2:4165
RESIST1:4350
RESIST2:4410
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS SILVER (MAY) OVERVIEW:
TREND CONSOLIDATE
SUP1:45100
SUP2:44100
RESIST1:47440
RESIST2:48320
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927

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