DAILY COMMODITY MARKET STRATEGY-23 january

BASE METAL WRAP: Industrial metals retreated as manufacturing data from China, the world’s biggest consumer, fell below economists’ expectations. Lead dropped for a second day as nickel declined from the highest level in three months.

ENERGY WRAP: West Texas Intermediate crude rose to a three-week high on speculation that U.S. distillate fuel supplies slid as falling temperatures bolstered heating demand.

PRECIOUS METAL WRAP: Gold dropped to a two-week low, heading for the longest losing streak in a month, as expectations that the U.S. Federal Reserve will keep reducing stimulus outweighed signs of physical demand in China.

GLOBAL EVENTS TO WATCH: HSBC Flash Manufacturing PMI, French Flash Manufacturing PMI, German Flash Manufacturing PMI, Flash Manufacturing PMI, CBI Realized Sales, Core Retail Sales m/m, Retail Sales m/m, Unemployment Claims, Flash Manufacturing PMI, HPI m/m, Existing Home Sales, CB Leading Index m/m, Natural Gas Storage, Crude Oil Inventories.

COMMODITY	AGRI COMMODITY
CS COPPER (FEB.) OVERVIEW: TREND CONSOLIDATE SUP1:451 SUP2:443 RESIST1:462 RESIST2:468 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927	CS CHANA (FEB.) OVERVIEW: TREND CONSOLIDATE SUP1:3015 SUP2:2950 RESIST1:3090 RESIST2:3164 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927 +919977499927
CS CRUDE (FEB.) OVERVIEW: TREND CONSOLIDATE SUP1:5920 SUP2:5825 RESIST1:6095 RESIST2:6174 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927	CS JEERA (MARCH) OVERVIEW: TREND CONSOLIDATE SUP1:12680 SUP2:12360 RESIST1:12950 RESIST2:13540 TRADING STRATEGY: BUY ON DIPS CAPITALSTAR0S.COM +919200099927
CS GOLD (FEB.) OVERVIEW: TREND CONSOLIDATE SUP1:28860 SUP2:28670 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