DAILY COMMODITY MARKET STRATEGY-14 january



BASE METAL WRAP: Indonesia’s ban on mineral ore exports will cut nickel supplies while allowing Freeport-McMoRan Copper & Gold Inc. (FCX) to keep exporting copper concentrates. Nickel and the rupiah rallied, while shares of Nickel Asia Corp. (NIKL), which accounts for about a third of Philippine output, climbed.

ENERGY WRAP: West Texas Intermediate crude swung between gains and losses amid speculation U.S. fuel stockpiles increased for a third week, signaling slowing demand in the world’s biggest oil consumer. Natural gas increased for a third day on speculation the U.S. government will report a record drop in stockpiles after last week’s cold weather.

PRECIOUS METAL WRAP: Gold fluctuated after advancing to a one-month high as investors assessed the impact of the rally on demand. Platinum climbed to the highest level in two months on concern that miners in South Africa may strike over wages.

GLOBAL EVENTS TO WATCH: Federal Budget Balance, NZIER Business Confidence, CPI y/y, NFIB Small Business Index, Core Retail Sales m/m, Retail Sales m/m, Import Prices m/m, Business Inventories m/m, FOMC Member Plosser Speaks, FOMC Member Fisher Speaks.


                                                                                                                                                                  
COMMODITY
CS COPPER (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:453
SUP2:451
RESIST1:462
RESIST2:467
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927
CS CRUDE (JAN.) OVERVIEW:
TREND BEARISH
SUP1:5570
SUP2:5490
RESIST1:5750
RESIST2:5790
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.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 SILVER (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:43560
SUP2:42430
RESIST1:45740
RESIST2:46700
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927

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