DAILY COMMODITY MARKET STRATEGY.-8 january
BASE METAL WRAP: Copper fell for the third time in four sessions in New York on concern that new financing rules may curb demand in China, the world’s biggest user of the metal.
ENERGY WRAP: West Texas Intermediate rose for a second day on speculation government data will show crude stockpiles declined a sixth week in the U.S., the world’s biggest oil consumer. Natural gas futures slid in New York on forecasts for milder weather that would reduce demand for the heating fuel after today’s arctic blast.
PRECIOUS METAL WRAP: Gold fell as the dollar held gains before the release of minutes from the Federal Reserve’s last meeting amid expectations that the central bank will continue to wind back stimulus as the U.S. economy improves.
GLOBAL EVENTS TO WATCH: ADP Non-Farm Employment Change, Crude Oil Inventories, 10-y Bond Auction.
COMMODITY |
AGRI
MARKETS
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
SUP1:3015
SUP2:2950
RESIST1:3094
RESIST2:3134
TRADING
STRATEGY: SELL ON RISE
CAPITALSTARS.COM
+919200099927 +919977499927 |
CS
CRUDE (JAN.) OVERVIEW:
TREND
CONSOLIDATE
SUP1:5784
SUP2:5750
RESIST1:5940
RESIST2:6000
TRADING
STRATEGY: SELL ON RISE
CAPITALSTARS.COM
+919200099927 |
CS
JEERA (MARCH) OVERVIEW:
TREND
CONSOLIDATE
SUP1:12370
SUP2:12270
RESIST1:12950
RESIST2:13540
TRADING
STRATEGY: SELL ON RISE
CAPITALSTAR0S.COM
+919200099927 |
CS
GOLD (FEB.) OVERVIEW:
TREND
CONSOLIDATE
SUP1:28690
SUP2:28490
RESIST1:29060
RESIST2:29280
TRADING
STRATEGY: SELL ON RISE
CAPITALSTARS.COM
+919200099927 |
CS
TURMERIC (APRIL) OVERVIEW:
TREND
BULLISH
SUP1:6680
SUP2:6630
RESIST1:7000
RESIST2:7250
TRADING
STRATEGY: BUY ON DIPS
CAPITALSTARS.COM
+919200099927 |
CS
SILVER (MARCH) OVERVIEW:
TREND
BEARISH
SUP1:43560
SUP2:42430
RESIST1:45740
RESIST2:46700
TRADING
STRATEGY: SELL ON RISE
CAPITALSTARS.COM
+919200099927 |
CS
SOYABEAN (FEB.) OVERVIEW:
TREND
BEARISH
SUP1:3622
SUP2:3530
RESIST1:3705
RESIST2:3752
TRADING
STRATEGY: SELL ON RISE
CAPITALSTARS.COM
+919200099927 |
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