DAILY COMMODITY MARKET STRATEGY.-7 january



BASE METAL WRAP: Copper futures rose for the first time in three sessions amid signs that manufacturing is gaining momentum as inventories of the metal continue to shrink.

ENERGY WRAP: West Texas Intermediate crude traded near the lowest price in more than five weeks amid speculation distillate and gasoline stockpiles increased in the U.S., the world’s biggest oil consumer. Natural gas futures rose in New York as arctic air sweeping across the U.S. boosted demand for the heating fuel.

PRECIOUS METAL WRAP: Gold fluctuated after advancing to the highest level in three weeks as investors weighed the outlook for increasing physical consumption in Asia against slowing investment demand.

GLOBAL EVENTS TO WATCH: Fed Chairman Nomination Vote, Trade Balance, CPI Flash Estimate y/y , Trade Balance, Trade Balance, Ivey PMI, IBD/TIPP Economic Optimism.

COMMODITY
COMMODITY
CS COPPER (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:462
SUP2:456
RESIST1:469
RESIST2:474
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927
CS CHANA (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:3078
SUP2:3045
RESIST1:3172
RESIST2:3194
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927 +919977499927
CS CRUDE (JAN.) OVERVIEW:
TREND CONSOLIDATE
SUP1:5784
SUP2:5750
RESIST1:5940
RESIST2:6020
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927
CS JEERA (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:12370
SUP2:12270
RESIST1:12840
RESIST2:13000
TRADING STRATEGY: SELL ON RISE
CAPITALSTAR0S.COM +919200099927
CS GOLD (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:28690
SUP2:28000
RESIST1:29450
RESIST2:29640
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS TURMERIC (APRIL) OVERVIEW:
TREND BULLISH
SUP1:6720
SUP2:6630
RESIST1:7000
RESIST2:7250
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS SILVER (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:44590
SUP2:44000
RESIST1:45950
RESIST2:46700
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS SOYABEAN (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:3700
SUP2:3660
RESIST1:3752
RESIST2:3792
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927


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