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