COMMODITY MARKET TREND-6 january


BASE METAL WRAP: Copper climbed as stockpiles continued to decline and before data that may show expansion in U.S. services and factory orders, boosting the demand outlook for industrial metals.

ENERGY WRAP: West Texas Intermediate crude was little changed in New York after the biggest weekly decline in 19 months before data forecast to show a rebound in service industries in the U.S., the world’s largest oil consumer. Natural gas rebounded in New York as wintry weather over most of the U.S. boosted demand for the heating fuel.

PRECIOUS METAL WRAP: Gold advanced to the highest level in almost three weeks on speculation that its biggest annual decline since 1981 is spurring increased demand in Asia.

GLOBAL EVENTS TO WATCH: Services PMI, Final Services PMI, ISM Non-Manufacturing PMI, Factory Orders m/m.


AGRI COMMODITY
COMMODITY
CS CHANA ( JANUARY ) OVERVIEW:
TREND CONSOLIDATE
SUP1:3078
SUP2:3045
RESIST1:3172
RESIST2:3194
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927 +919977499927
CS COPPER (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:462
SUP2:456
RESIST1:469
RESIST2:474
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927
CS JEERA (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:12470
SUP2:12370
RESIST1:13000
RESIST2:13260
TRADING STRATEGY: BUY ON DIPS
CAPITALSTAR0S.COM +919200099927
CS CRUDE (JAN.) OVERVIEW:
TREND BEARISH
SUP1:5784
SUP2:5750
RESIST1:6020
RESIST2:6095
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927
CS TURMERIC (APRIL) OVERVIEW:
TREND BULLISH
SUP1:6720
SUP2:6630
RESIST1:7000
RESIST2:7250
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS GOLD (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:28690
SUP2:28000
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
SUP1:44590
SUP2:44000
RESIST1:45950
RESIST2:46700
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927



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