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

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