DAILY COMMODITY MARKET STRATEGY.-9 january





BASE METAL WRAP: Copper futures fell for the first time in three days before the release of minutes from the Federal Reserve’s December meeting, which may give indications on the pace of U.S. monetary stimulus.

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 was little changed on Thursday following losses in the past two sessions as strong U.S. jobs data took the sheen off the metal's safe-haven appeal and investors waited on further clues on the strength of the economy.

GLOBAL EVENTS TO WATCH: FOMC Meeting Minutes, Building Approvals m/m, Retail Sales m/m, CPI y/y, Asset Purchase Facility, Official Bank Rate, MPC Rate Statement, Minimum Bid Rate, Building Permits m/m, ECB Press Conference, Unemployment Claims, Natural Gas Storage, 30-y Bond Auction.


COMMODITY
COMMODITY
CS CHANA (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:3015
SUP2:2950
RESIST1:3094
RESIST2:3134
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927 +919977499927
CS COPPER (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:462
SUP2:456
RESIST1:468
RESIST2:474
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 CRUDE (JAN.) OVERVIEW:
TREND CONSOLIDATE
SUP1:5750
SUP2:5710
RESIST1:5880
RESIST2:5920
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927
CS TURMERIC (APRIL) OVERVIEW:
TREND BULLISH
SUP1:6680
SUP2:6510
RESIST1:7000
RESIST2:7250
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS GOLD (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:28670
SUP2:28490
RESIST1:29060
RESIST2:29280
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927
CS SOYABEAN (FEB.) OVERVIEW:
TREND BEARISH
SUP1:3622
SUP2:3530
RESIST1:3710
RESIST2:3752
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927
CS SILVER (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:43560
SUP2:42430
RESIST1:45740
RESIST2:46700
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927


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