DAILY COMMODITY MARKET STRATEGY-20 january


BASE METAL WRAP: Copper fluctuated before the release of China’s industrial production and gross domestic output data. Nickel headed for its first decline in seven days.

ENERGY WRAP: Natural gas dropped for a second day in New York on speculation that unusually mild weather in the U.S. will reduce demand for heating fuel. West Texas Intermediate crude slid from the highest closing price in two weeks after government data showed that industrial output slowed last month in China, the world’s second-biggest oil consumer.

PRECIOUS METAL WRAP: Gold rallied to the highest level in almost six weeks on signs of increasing demand as holdings in the biggest exchange-traded product expanded the most since 2011. Platinum climbed on prospects for strikes in South Africa.

GLOBAL EVENTS TO WATCH: GDP q/y, Bank Holiday.


AGRI COMMODITY
COMMODITY
CS CHANA (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:3015
SUP2:2950
RESIST1:3164
RESIST2:3194
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927 +919977499927
CS COPPER (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:451
SUP2:443
RESIST1:462
RESIST2:468
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927
CS JEERA (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:12360
SUP2:12270
RESIST1:12650
RESIST2:12950
TRADING STRATEGY: BUY ON DIPS
CAPITALSTAR0S.COM +919200099927
CS CRUDE (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:5800
SUP2:5760
RESIST1:5890
RESIST2:5927
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 GOLD (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:29140
SUP2:28860
RESIST1:29450
RESIST2:29640
TRADING STRATEGY: BUY ON DIPS
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
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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