DAILY COMMODITY MARKET STRATEGY-17 FEB

BASE METAL WRAP: Copper climbed to a one-week high, extending two weeks of gains, after a report showed China’s new credit increased to a record last month, boosting demand prospects for industrial metals from the top user.

ENERGY WRAP: West Texas Intermediate crude rose for the first time in three days as an improved U.S. economy bolstered the demand outlook in the world’s biggest oil consumer. Natural gas rose in New York, extending the first weekly gain in three weeks.

PRECIOUS METAL WRAP: Gold advanced to the highest level in more than three months as speculation that a U.S. economic recovery will stall boosted demand for haven assets. Silver headed for a 12th day of gains.

GLOBAL EVENTS TO WATCH: Retail Sales q/q, Bank Holiday.


COMMODITY
Agri COMMODITY
CS COPPER (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:446
SUP2:444
RESIST1:452
RESIST2:454
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
SUP1:6150
SUP2:6040
RESIST1:6300
RESIST2:6370
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
SUP1:29250
SUP2:29100
RESIST1:29640
RESIST2:30000
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS TURMERIC (APRIL) OVERVIEW:
TREND BULLISH
SUP1:7100
SUP2:6980
RESIST1:7530
RESIST2:7730
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS SILVER (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:46560
SUP2:45750
RESIST1:47750
RESIST2:49120
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS SOYABEAN (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:3865
SUP2:3820
RESIST1:3967
RESIST2:4020
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927
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