DAILY COMMODITY MARKET STRATEGY-13 FEB

BASE METAL WRAP: Copper futures advanced on Wednesday, after upbeat Chinese trade data eased fears over a slowdown in the world’s second-largest economy.

ENERGY WRAP: West Texas Intermediate crude slid amid speculation that its advance to the highest price in almost four months was excessive. Natural gas futures retreated in New York on speculation that a winter storm in the East this week will give way to milder weather that will reduce demand for the heating fuel.

PRECIOUS METAL WRAP: Gold held near the highest level in three months as investors weighed prospects for further cuts to U.S. stimulus and signs of waning physical demand. Silver headed for the longest run of advances since 2008.

GLOBAL EVENTS TO WATCH: Employment Change, Unemployment Rate, Core Retail Sales m/m, Retail Sales m/m, Unemployment Claims, Business Inventories m/m, Natural Gas Storage, 30-y Bond Auction.


COMMODITY
Agri COMMODITY
CS COPPER (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:444
SUP2:441
RESIST1:449
RESIST2:453
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS CHANA (APRIL) OVERVIEW:
TREND CONSOLIDATE
SUP1:2950
SUP2:2875
RESIST1:3090
RESIST2:3124
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS CRUDE (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:6160
SUP2:6040
RESIST1:6368
RESIST2:6470
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS JEERA (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:11675
SUP2:11460
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 BULLISH
SUP1:6950
SUP2:6880
RESIST1:7390
RESIST2:7530
TRADING STRATEGY: BUY ON DIPS
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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