DAILY COMMODITY MARKET STRATEGY-13 january


BASE METAL WRAP: Nickel climbed to the highest level in two weeks, leading gains in industrial metals, after Indonesia started a ban on mineral ore exports.

ENERGY WRAP: West Texas Intermediate rose for a second day after slower-than-estimated growth in U.S. payrolls eased speculation the Federal Reserve will further curtail economic stimulus in the world’s biggest oil consumer.

PRECIOUS METAL WRAP: Gold climbed to the highest level in a month on speculation that the Federal Reserve will slow the pace of cuts to stimulus after U.S. payrolls increased less than analysts forecast. Silver, platinum and palladium rose.

GLOBAL EVENTS TO WATCH: Italian Industrial Production m/m, BOC Business Outlook Survey.


COMMODITY
COMMODITY
CS COPPER (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:456
SUP2:453
RESIST1:462
RESIST2:467
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927
CS CHANA (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:3015
SUP2:2950
RESIST1:3164
RESIST2:3194
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927 +919977499927
CS CRUDE (JAN.) OVERVIEW:
TREND BEARISH
SUP1:5650
SUP2:5570
RESIST1:5785
RESIST2:5880
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927
CS JEERA (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:12370
SUP2:12270
RESIST1:12950
RESIST2:13540
TRADING STRATEGY: SELL ON RISE
CAPITALSTAR0S.COM +919200099927
CS GOLD (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:28900
SUP2:28670
RESIST1:29280
RESIST2:29640
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS TURMERIC (APRIL) OVERVIEW:
TREND CONSOLIDATE
SUP1:6510
SUP2:6370
RESIST1:6940
RESIST2:7250
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927
CS SILVER (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:43560
SUP2:42430
RESIST1:45740
RESIST2:46700
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS SOYABEAN (FEB.) OVERVIEW:
TREND BEARISH
SUP1:3600
SUP2:3530
RESIST1:3710
RESIST2:3752
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927

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