DAILY COMMODITY MARKET STRATEGY-21 january
BASE METAL WRAP: Copper fluctuated as investors awaited direction from Chinese manufacturing data and the U.S. unemployment figures later this week.
ENERGY WRAP: West Texas Intermediate crude fell amid speculation a slowing economy in China will reduce fuel demand in the country, the world’s second-biggest oil consumer. Natural gas dropped for a second day in New York on speculation that milder weather in the U.S. will reduce demand for heating fuel.
PRECIOUS METAL WRAP: Gold fell, snapping three days of gains that lifted prices to the highest level in almost six weeks, as investors assessed the impact of the rally on demand while the dollar strengthened.
GLOBAL EVENTS TO WATCH: CPI q/q, German ZEW Economic Sentiment, Manufacturing Sales m/m, Wholesale Sales m/m..
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
RESIST1:3115
RESIST2:3164
TRADING
STRATEGY: SELL ON RISE
CAPITALSTARS.COM
+919200099927 +919977499927 |
CS
CRUDE (FEB.) OVERVIEW:
TREND
CONSOLIDATE
SUP1:5750
SUP2:5710
RESIST1:5890
RESIST2:5927
TRADING
STRATEGY: BUY ON DIPS
CAPITALSTARS.COM
+919200099927 |
CS
JEERA (MARCH) OVERVIEW:
TREND
CONSOLIDATE
SUP1:12650
SUP2:12360
RESIST1:12950
RESIST2:13540
TRADING
STRATEGY: BUY ON DIPS
CAPITALSTAR0S.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
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: BUY ON DIPS
CAPITALSTARS.COM
+919200099927 |
CS
SOYABEAN (FEB.) OVERVIEW:
TREND
CONSOLIDATE
SUP1:3740
SUP2:3680
RESIST1:3792
RESIST2:3890
TRADING
STRATEGY: BUY ON DIPS
CAPITALSTARS.COM
+919200099927 |
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