DAILY COMMODITY MARKET STRATEGY-29 january



BASE METAL WRAP: Copper futures slipped for a fifth straight session as buying slowed in China ahead of the Lunar New Year and investors awaited the outcome of a two-day U.S. central-bank meeting.

ENERGY WRAP: West Texas Intermediate retreated from the highest price in four weeks after an industry report showed crude stockpiles increased in the U.S., the world’s biggest oil consumer. Natural gas dropped for a second day this week as prices swung between gains and losses amid freezing weather across the U.S.

PRECIOUS METAL WRAP: Gold headed for the longest losing streak in almost six weeks amid expectations that stimulus will be cut further as the U.S. Federal Reserve decides on monetary policy. Platinum was set for the longest slump since June.

GLOBAL EVENTS TO WATCH: President Obama Speaks, BOE Gov Carney Speaks, Crude Oil Inventories.


COMMODITY
AGRI COMMODITY
CS COPPER (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:445
SUP2:443
RESIST1:454
RESIST2:462
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927
CS CHANA (FEB.) OVERVIEW:
TREND BEARISH
SUP1:2850
SUP2:2790
RESIST1:2970
RESIST2:3030
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927 +919977499927
CS CRUDE (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:6040
SUP2:6000
RESIST1:6135
RESIST2:6174
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS JEERA (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:12350
SUP2:12270
RESIST1:12540
RESIST2:12950
TRADING STRATEGY: SELL ON RISE
CAPITALSTAR0S.COM +919200099927
CS GOLD (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:29250
SUP2:28960
RESIST1:29610
RESIST2:29710
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927
CS TURMERIC (APRIL) OVERVIEW:
TREND CONSOLIDATE
SUP1:6890
SUP2:6820
RESIST1:7250
RESIST2:7710
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS SILVER (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:43560
SUP2:42430
RESIST1:44650
RESIST2:45650
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927
CS SOYABEAN (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:3785
SUP2:3715
RESIST1:3915
RESIST2:3950
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927

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