DAILY COMMODITY MARKET STRATEGY-11 FEB

BASE METAL WRAP: Copper dipped on Monday, following a weekly rise that was the biggest so far this year last week, as worries about demand in top consumer China offset tightness in supply.

ENERGY WRAP: West Texas Intermediate crude traded near the highest price in six weeks amid speculation that U.S. distillate stockpiles shrank as cold weather boosted demand for heating fuels.

PRECIOUS METAL WRAP: Gold jumped to the highest level since November as investors assessed further cuts to U.S. monetary stimulus and Chinese buyers resumed purchases to extend last year’s record consumption. Silver was set for the longest rally since August.

GLOBAL EVENTS TO WATCH: NAB Business Confidence, NFIB Small Business Index, FOMC Member Plosser Speaks, Fed Chair Yellen Testifies, JOLTS Job Openings, Wholesale Inventories m/m.


COMMODITY
Agri COMMODITY
CS COPPER (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:442
SUP2:440
RESIST1:449
RESIST2:452
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927
CS CHANA (APRIL) OVERVIEW:
TREND CONSOLIDATE
SUP1:2950
SUP2:2875
RESIST1:3042
RESIST2:3060
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927 +919977499927
CS CRUDE (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:6200
SUP2:6160
RESIST1:6368
RESIST2:6467
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS JEERA (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:11750
SUP2:11675
RESIST1:12270
RESIST2:12470
TRADING STRATEGY: SELL ON RISE
CAPITALSTAR0S.COM +919200099927
CS GOLD (APRIL) OVERVIEW:
TREND CONSOLIDATE
SUP1:28890
SUP2:28720
RESIST1:29260
RESIST2:29480
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS TURMERIC (APRIL) OVERVIEW:
TREND CONSOLIDATE
SUP1:6950
SUP2:6880
RESIST1:7374
RESIST2:7530
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927
CS SILVER (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:44150
SUP2:43400
RESIST1:45750
RESIST2:45950
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS SOYABEAN (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:3820
SUP2:3780
RESIST1:3922
RESIST2:3967
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927

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