DAILY COMMODITY MARKET STRATEGY-14 FEB

BASE METAL WRAP: -Copper prices fell Thursday amid weaker U.S. economic data and as some investors chose to lock in gains made on a recent rally.

ENERGY WRAP: West Texas Intermediate crude headed for a fifth weekly gain, the longest rally in a year, as a U.S. winter storm bolstered energy demand in the world’s biggest oil consumer. Natural gas futures are heading for the first weekly gain since Jan. 24 in New York as frigid weather spurs demand for heating fuel, sending inventories to a 10-year seasonal low.

PRECIOUS METAL WRAP: Gold headed for the biggest weekly advance since October as U.S. economic data that trailed estimates increased haven demand, with holdings in the biggest exchange-traded product expanding to a two-month high. Silver was set for the longest rally since March 2008.

GLOBAL EVENTS TO WATCH: CPI y/y,  Manufacturing Sales m/m, Import Prices m/m, Capacity Utilization Rate, Industrial Production m/m, Prelim UoM Consumer Sentiment, Prelim UoM Inflation Expectations.


COMMODITY
Agri COMMODITY
CS COPPER (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:442
SUP2:440
RESIST1:449
RESIST2:453
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS CHANA (APRIL) OVERVIEW:
TREND CONSOLIDATE
SUP1:2990
SUP2:2950
RESIST1:3090
RESIST2:3124
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927 +919977499927
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
SUP1:29100
SUP2:28900
RESIST1:29480
RESIST2:29980
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS TURMERIC (APRIL) OVERVIEW:
TREND BULLISH
SUP1:6950
SUP2:6880
RESIST1:7530
RESIST2:7730
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS SILVER (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:44800
SUP2:44150
RESIST1:45950
RESIST2:46550
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS SOYABEAN (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:3865
SUP2:3820
RESIST1:3922
RESIST2:3967
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927

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