DAILY COMMODITY MARKET STRATEGY-31 january

BASE METAL WRAP: Copper futures fell to a seven-week low on Thursday, after data confirmed a contraction in China’s manufacturing sector and following the Federal Reserve’s decision to taper its monthly bond-buying program by USD10 billion for the second consecutive meeting.

ENERGY WRAP: West Texas Intermediate crude traded near the highest price this year, heading for a third weekly gain, as increased spending by U.S. consumers boosted the economy of the world’s biggest oil user. Natural gas extended its biggest decline in more than four years amid forecasts for milder weather in the U.S.

PRECIOUS METAL WRAP: Gold headed for the first weekly loss since December as signs of faster U.S. economic growth increased bets that the Federal Reserve will keep cutting stimulus and a decline in emerging markets eased.

GLOBAL EVENTS TO WATCH: Trade Balance, RBNZ Gov Wheeler Speaks, PPI q/q, CPI Flash Estimate y/y, GDP m/m, Core PCE Price Index m/m, Employment Cost Index q/q, Personal Spending m/m, Personal Income m/m, Chicago PMI, Revised UoM Consumer Sentiment, Revised UoM Inflation Expectations, FOMC Member Fisher Speaks.

COMMODITY	Agri COMMODITY
CS COPPER (FEB.) OVERVIEW: TREND CONSOLIDATE SUP1:445 SUP2:443 RESIST1:450 RESIST2:454 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 SUP1:6070 SUP2:6040 RESIST1:6200 RESIST2:6272 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927	CS JEERA (MARCH) OVERVIEW: TREND BEARISH SUP1:12050 SUP2:11900 RESIST1:12270 RESIST2:12480 TRADING STRATEGY: SELL ON RISE CAPITALSTAR0S.COM +919200099927
CS GOLD (FEB.) OVERVIEW: TREND CONSOLIDATE SUP1:29250 SUP2:28965 RESIST1:29850 RESIST2:29985 TRADING STRATEGY: SELL ON RISE 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 SILVER (MARCH) OVERVIEW: TREND CONSOLIDATE SUP1:42400 SUP2:42000 RESIST1:43860 RESIST2:44500 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