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

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