COMMODITY MARKET TREND-3 january
BASE METAL WRAP: Copper declined by the most in two weeks, leading drops in industrial metals, after a gauge of China’s services industry fell, stoking concern that demand will weaken in the biggest user.
ENERGY WRAP: West Texas Intermediate crude traded near the lowest level in a month amid speculation that the Federal Reserve will further curb stimulus measures after signs of improvement in the U.S. economy. Natural gas in New York was poised for a second weekly decline before a government report forecast to show inventories fell by less than the five-year average for the time of year.
PRECIOUS METAL WRAP: Gold headed for the best weekly gain since October on speculation that demand will increase in Asia, the largest consuming region. Platinum rose to the highest price since November.
GLOBAL EVENTS TO WATCH: Construction PMI, Natural Gas Storage, Crude Oil Inventories, Total Vehicle Sales , FOMC Member Plosser Speaks , FOMC Member Stein Speaks.
AGRI COMMODITY | COMMODITY |
CS
CHANA ( JANUARY ) OVERVIEW:
TREND
CONSOLIDATE
SUP1:2985
SUP2:2950
RESIST1:3172
RESIST2:3194
TRADING
STRATEGY: BUY ON DIPS
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CS
COPPER (FEB.) OVERVIEW:
TREND
CONSOLIDATE
SUP1:464
SUP2:462
RESIST1:475
RESIST2:482
TRADING
STRATEGY: BUY ON DIPS
CAPITALSTARS.COM
+919200099927 |
CS
JEERA (MARCH) OVERVIEW:
TREND
CONSOLIDATE
SUP1:12680
SUP2:12370
RESIST1:13000
RESIST2:13260
TRADING
STRATEGY: BUY ON DIPS
CAPITALSTAR0S.COM
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CS
CRUDE (JAN.) OVERVIEW:
TREND
BEARISH
SUP1:5930
SUP2:5750
RESIST1:6095
RESIST2:6175
TRADING
STRATEGY: SELL ON RISE
CAPITALSTARS.COM
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CS
TURMERIC (APRIL) OVERVIEW:
TREND
BULLISH
SUP1:6370
SUP2:6210
RESIST1:6750
RESIST2:6850
TRADING
STRATEGY: BUY ON DIPS
CAPITALSTARS.COM
+919200099927 |
CS
GOLD (FEB.) OVERVIEW:
TREND
CONSOLIDATE
SUP1:28690
SUP2:28250
RESIST1:29450
RESIST2:29640
TRADING
STRATEGY: BUY ON DIPS
CAPITALSTARS.COM
+919200099927 |
CS
SOYABEAN (JANUARY) OVERVIEW:
TREND
CONSOLIDATE
SUP1:3760
SUP2:3720
RESIST1:3842
RESIST2:3920
TRADING
STRATEGY: SELL ON RISE
CAPITALSTARS.COM
+919200099927 |
CS
SILVER (MARCH) OVERVIEW:
TREND
CONSOLIDATE
SUP1:44500
SUP2:43730
RESIST1:45950
RESIST2:46700
TRADING
STRATEGY: BUY ON DIPS
CAPITALSTARS.COM
+919200099927 |
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