DAILY COMMODITY MARKET STRATEGY-24 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 for a fifth day and headed for the biggest weekly advance since December after a government report showed U.S. distillate-fuel stockpiles declined. Natural gas rose for a fourth day in New York and headed for the biggest weekly gain since September 2012 as meteorologists predicted U.S. temperatures will remain below normal through the end of this month.

PRECIOUS METAL WRAP: Gold retreated from a six-week high, paring the longest weekly rally since September 2012, as investors assessed whether the U.S. Federal Reserve will keep reducing stimulus.

GLOBAL EVENTS TO WATCH: WEF Annual Meetings, Core CPI m/m.

AGRI COMMODITY	COMMODITY
CS CHANA (FEB.) OVERVIEW: TREND CONSOLIDATE SUP1:3015 SUP2:2950 RESIST1:3090 RESIST2:3164 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: BUY ON DIPS CAPITALSTARS.COM +919200099927
CS JEERA (MARCH) OVERVIEW: TREND CONSOLIDATE SUP1:12440 SUP2:12360 RESIST1:12950 RESIST2:13540 TRADING STRATEGY: SELL ON RISE CAPITALSTAR0S.COM +919200099927	CS CRUDE (FEB.) OVERVIEW: TREND CONSOLIDATE SUP1:6000 SUP2:5930 RESIST1:6135 RESIST2:6174 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927
CS TURMERIC (APRIL) OVERVIEW: TREND BULLISH SUP1:6950 SUP2:6820 RESIST1:7150 RESIST2:7250 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.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 SOYABEAN (FEB.) OVERVIEW: TREND CONSOLIDATE SUP1:3800 SUP2:3715 RESIST1:3842 RESIST2:3915 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