DAILY COMMODITY MARKET STRATEGY-17 january

BASE METAL WRAP: Copper futures declined on Thursday, as market players looked ahead to key U.S. economic data later in the day for further indications on the future course of monetary policy.

ENERGY WRAP: West Texas Intermediate crude headed for the first weekly gain since December amid speculation that U.S. unemployment and manufacturing data signaled the world’s biggest oil consumer will sustain its economic growth.

PRECIOUS METAL WRAP: Gold was set to halt three weeks of gains as speculation that the Federal Reserve will continue reducing monetary stimulus in the U.S. countered signs of increased physical demand.

GLOBAL EVENTS TO WATCH: Retail Sales m/m, Building Permits, Housing Starts, Capacity Utilization Rate, Industrial Production m/m, Prelim UoM Consumer Sentiment, Prelim UoM Inflation Expectations, JOLTS Job Openings.

COMMODITY	AGRI COMMODITY
CS COPPER (FEB.) OVERVIEW: TREND CONSOLIDATE SUP1:451 SUP2:443 RESIST1:462 RESIST2:468 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 CONSOLIDATE SUP1:5710 SUP2:5640 RESIST1:5880 RESIST2:5935 TRADING STRATEGY: BUY ON DIPS 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 GOLD (FEB.) OVERVIEW: TREND CONSOLIDATE SUP1:28800 SUP2:28670 RESIST1:29315 RESIST2:29640 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 SILVER (MARCH) OVERVIEW: TREND CONSOLIDATE SUP1:43560 SUP2:42430 RESIST1:45740 RESIST2:46700 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927	CS SOYABEAN (FEB.) OVERVIEW: TREND CONSOLIDATE SUP1:3600 SUP2:3530 RESIST1:3752 RESIST2:3792 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927