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Wednesday, March 19, 2014

DAILY COMMODITY MARKET STRATEGY-20 MAR

http://www.capitalstars.com/freetrials.php
BASE METAL WRAP: Copper declined for the first time in five days on speculation that demand will slow as the U.S. Federal Reserve officials boosted their forecasts for key interest rates and China’s growth faltered.

ENERGY WRAP: West Texas Intermediate crude climbed above $100 a barrel after a government report showed that inventories at Cushing, Oklahoma, the delivery point for the contract, dropped for a seventh week. Brent oil decreased.
 
PRECIOUS METAL WRAP: Gold traded near the lowest in three weeks as Federal Reserve policy makers signaled a rise in interest rates by next year while further reducing monetary stimulus, boosting the dollar and curbing demand for the metal.

GLOBAL EVENTS TO WATCH:
FOMC Press Conference, GDP q/q, BOJ Gov Kuroda Speaks, Libor Rate, SNB Monetary Policy Assessment, Unemployment Claims, Existing Home Sales, Philly Fed Manufacturing Index, CB Leading Index m/m, Natural Gas Storage.
AGRI COMMODITY
BULLION COMMODITY
CS CHANA (APRIL) OVERVIEW:
TREND CONSOLIDATE
SUP1:3180
SUP2:3115
RESIST1:3330
RESIST2:3475
TRADING STRATEGY:BUY ON DIPS
CAPITALSTARS.COM +919200099927 +919977499927
CS COPPER (APRIL) OVERVIEW:
TREND BEARISH
SUP1:396
SUP2:392
RESIST1:410
RESIST2:415
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927
CS JEERA (MARCH) OVERVIEW:
TREND BEARISH
SUP1:9900
SUP2:9800
RESIST1:10460
RESIST2:10750
TRADING STRATEGY: SELL ON RISE
CAPITALSTAR0S.COM +919200099927
CS CRUDE (APRIL) OVERVIEW:
TREND CONSOLIDATE
SUP1:6080
SUP2:5975
RESIST1:6170
RESIST2:6220
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS TURMERIC (APRIL) OVERVIEW:
TREND BEARISH
SUP1:6400
SUP2:6220
RESIST1:6730
RESIST2:6890
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927
CS GOLD (APRIL) OVERVIEW:
TREND CONSOLIDATE
SUP1:29880
SUP2:29750
RESIST1:30300
RESIST2:30750
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927
CS SOYABEAN (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:4115
SUP2:4040
RESIST1:4350
RESIST2:4550
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS SILVER (MAY) OVERVIEW:
TREND CONSOLIDATE
SUP1:45000
SUP2:44160
RESIST1:46600
RESIST2:47750
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927

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