Searching...
Thursday, May 29, 2014

DAILY COMMODITY MARKET STRATEGY-30 May 2014

BASE METAL WRAP: Copper fell from an 11-week high in London on signs of slowing economic growth in China and the U.S., the biggest users of the metal.

ENERGY WRAP: West Texas Intermediate headed for its first monthly advance since February as crude inventories shrank at the delivery point for New York contracts. Brent was steady in London.

PRECIOUS METAL WRAP: Gold headed for a monthly loss as signs that the U.S. economy is improving fueled stock-market gains, while demand for the metal slowed in China, the biggest consumer.


GLOBAL EVENTS TO WATCH: GDP m/m, Core PCE Price Index m/m, Personal Spending m/m, Personal Income m/m, Chicago PMI, Revised UoM Consumer Sentiment, Revised UoM Inflation Expectations, FOMC Member Plosser Speaks.
AGRI COMMODITY
BULLION COMMODITY
CS CHANA (JUNE) OVERVIEW:
TREND CONSOLIDATE
SUP1:2740
SUP2:2698
RESIST1:2875
RESIST2:2955
TRADING STRATEGY: SELL ON RISE
CS COPPER (JUNE) OVERVIEW:
TREND CONSOLIDATE
SUP1: 408
SUP2:404
RESIST1:419
RESIST2:423
TRADING STRATEGY: BUY ON DIPS
CS JEERA (JUNE) OVERVIEW:
TREND CONSOLIDATE
SUP1:10900
SUP2:10710
RESIST1:11100
RESIST2:11260
TRADING STRATEGY: SELL ON RISE
CS CRUDE (JUNE) OVERVIEW:
TREND CONSOLIDATE
SUP1:6050
SUP2:6020
RESIST1:6200
RESIST2:6270
TRADING STRATEGY: BUY ON DIPS
CS TURMERIC (JUNE) OVERVIEW:
TREND CONSOLIDATE
SUP1:5950
SUP2:5630
RESIST1:6250
RESIST2:6400
TRADING STRATEGY: SELL ON RISE
CS GOLD (JUNE) OVERVIEW:
TREND BEARISH
SUP1:26400
SUP2:25240
RESIST1:27100
RESIST2:27530
TRADING STRATEGY: SELL ON RISE
CS SOYABEAN (JUNE) OVERVIEW:
TREND CONSOLIDATE
SUP1:4500
SUP2:4450
RESIST1:4755
RESIST2:4855
TRADING STRATEGY: BUY ON DIPS
CS SILVER (JULY) OVERVIEW:
TREND BEARISH
SUP1:39300
SUP2:38500
RESIST1:40600
RESIST2:41500
TRADING STRATEGY: SELL ON RISE


0 comments:

Post a Comment

 
Back to top!