DAILY COMMODITY MARKET STRATEGY-15 january



BASE METAL WRAP: Nickel rose in London, capping the biggest three-session rally since August, on concern that global supplies will tighten during a ban on exports from Indonesia, the world’s biggest producer of the mined ore.

ENERGY WRAP: West Texas Intermediate swung between gains and losses amid speculation U.S. crude stockpiles declined and signs the world’s biggest oil consumer will sustain its economic growth.

PRECIOUS METAL WRAP: Gold dropped for a second day from the highest level in a month as the rally reduced demand amid speculation that the U.S. Federal Reserve will continue reducing asset purchases.

GLOBAL EVENTS TO WATCH: PPI m/m, Core PPI m/m, Empire State Manufacturing Index, BOE Gov Carney Speaks, Crude Oil Inventories.


AGRI MARKETS COMMODITY
COMMODITY
CS CHANA (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:3015
SUP2:2950
RESIST1:3164
RESIST2:3194
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927 +919977499927
CS COPPER (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:453
SUP2:451
RESIST1:460
RESIST2:462
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927
CS JEERA (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:12360
SUP2:12270
RESIST1:12950
RESIST2:13540
TRADING STRATEGY: SELL ON RISE
CAPITALSTAR0S.COM +919200099927
CS CRUDE (JAN.) OVERVIEW:
TREND BEARISH
SUP1:5640
SUP2:5570
RESIST1:5750
RESIST2:5790
TRADING STRATEGY: SELL ON RISE
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 GOLD (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:28800
SUP2:28670
RESIST1:29315
RESIST2:29640
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS SOYABEAN (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:3600
SUP2:3530
RESIST1:3710
RESIST2:3752
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

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