DAILY COMMODITY MARKET STRATEGY-22 january


BASE METAL WRAP: Nickel rose for a second day to the highest level in almost three months as the International Monetary Fund boosted its global economic growth forecast and amid concern Indonesia’s ban on ore exports will cut supply.

ENERGY WRAP: Brent crude rose for the first time in four days after the International Energy Agency raised its forecast for global oil consumption on a strengthening economy. West Texas Intermediate reached at a two-week high. Natural gas futures jumped to the highest price in almost four weeks as a winter storm bringing heavy snow and frigid weather to the East Coast stoked demand for the heating fuel.

PRECIOUS METAL WRAP: Gold rebounded from the biggest decline in three weeks as investors weighed signs of strengthening physical demand against the outlook for reduced monetary stimulus in the U.S.

GLOBAL EVENTS TO WATCH: CPI q/q, Monetary Policy Statement, BOJ Press Conference, Claimant Count Change, MPC Asset Purchase Facility Votes, MPC Official Bank Rate Votes, Unemployment Rate, BOC Monetary Policy Report, BOC Rate Statement, Overnight Rate, BOC Press Conference.


COMMODITY
Agri COMMODITY
CS COPPER (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:451
SUP2:443
RESIST1:463
RESIST2:468
TRADING STRATEGY: BUY ON DIPS
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
SUP1:5875
SUP2:5829
RESIST1:5971
RESIST2:6016
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
SUP1:29130
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: 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
CS SOYABEAN (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:3680
SUP2:3640
RESIST1:3792
RESIST2:3890
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927

0 comments: