DAILY COMMODITY MARKET STRATEGY-30 january


BASE METAL WRAP: Copper futures fell, capping the longest slump in 15 months, on speculation that rising borrowing costs in emerging markets will damp economic growth, eroding demand for industrial metals.

ENERGY WRAP: Natural gas is poised for its biggest monthly gain in more than four years, with frigid weather forecast to pull down U.S. stockpiles. West Texas Intermediate rose, trimming the biggest monthly decline for January since 2010, as demand for distillate fuel countered a second weekly increase in U.S. crude stockpiles.

PRECIOUS METAL WRAP: Gold held the biggest advance in a week on concern that a rout in emerging-market assets may deepen, fueling demand for a haven as the U.S. Federal Reserve further reduced the pace of asset purchases.

GLOBAL EVENTS TO WATCH: FOMC Statement, Official Cash Rate, RBNZ Rate Statement, Advance GDP q/q, Unemployment Claims, Advance GDP Price Index q/q, Pending Home Sales m/m, Natural Gas Storage.


Agri COMMODITY
COMMODITY
CS CHANA (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:2850
SUP2:2790
RESIST1:2970
RESIST2:3030
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927 +919977499927
CS COPPER (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:445
SUP2:443
RESIST1:454
RESIST2:462
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927
CS JEERA (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:12270
SUP2:12180
RESIST1:12480
RESIST2:12560
TRADING STRATEGY: BUY ON DIPS
CAPITALSTAR0S.COM +919200099927
CS CRUDE (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:6040
SUP2:6000
RESIST1:6174
RESIST2:6272
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS TURMERIC (APRIL) OVERVIEW:
TREND BULLISH
SUP1:7200
SUP2:6950
RESIST1:7650
RESIST2:7710
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS GOLD (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:29450
SUP2:28350
RESIST1:29850
RESIST2:29985
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
CS SILVER (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:43560
SUP2:42430
RESIST1:45150
RESIST2:45650
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927

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