DAILY COMMODITY MARKET STRATEGY-12 FEB

BASE METAL WRAP: Copper led gains in industrial metals after China’s trade surplus widened more than estimated in January and as imports of the commodity used in wiring rose.

ENERGY WRAP: West Texas Intermediate crude rose for the sixth time in seven days after an industry report showed distillate stockpiles shrank last week in the U.S., the world’s biggest oil consumer. Natural gas rose for a second day amid speculation that U.S. inventories of the heating fuel declined more than the seasonal average last week as cold weather stoked demand.

PRECIOUS METAL WRAP: Gold retreated from the highest level since November as a five-day advance damped physical demand and U.S. Federal Reserve Chairman Janet Yellen pledged to continue with a gradual tapering of stimulus.

GLOBAL EVENTS TO WATCH: Trade Balance, BOE Gov Carney Speaks, BOE Inflation Report, ECB President Draghi Speaks, Crude Oil Inventories, 10-y Bond Auction.


COMMODITY AGRI COMMODITY
CS COPPER (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:440
SUP2:436
RESIST1:447
RESIST2:449
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927
CS CHANA (APRIL) OVERVIEW:
TREND CONSOLIDATE
SUP1:3027
SUP2:2950
RESIST1:3090
RESIST2:3124
TRADING STRATEGY: BUY ON DIPS
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: SELL ON RISE
CAPITALSTARS.COM +919200099927
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