DAILY COMMODITY MARKET STRATEGY-19 FEB


BASE METAL WRAP: Copper futures rose to a three-week high, amid speculation demand from top consumer China will increase after data pointed to an improvement in Chinese credit growth.

ENERGY WRAP: West Texas Intermediate crude surged above $102, the highest level in four months, on speculation that inventories in Cushing, Oklahoma, decreased last week and as cold weather in the U.S. boosted fuel demand. Natural gas futures jumped to a three-week high in New York as storms and cold weather boosted heating demand, cutting stockpiles to the lowest in 10 years.

PRECIOUS METAL WRAP: Gold extended a decline from the highest level in more than three months amid expectations that Federal Reserve minutes will show policy makers backing further stimulus cuts. Silver snapped the longest rally in four decades.

GLOBAL EVENTS TO WATCH: Claimant Count Change, MPC Asset Purchase Facility Votes, MPC Official Bank Rate Votes, Unemployment Rate, German 10-y Bond Auction, Wholesale Sales m/m, Building Permits, PPI m/m, Core PPI m/m, Housing Starts.


COMMODITY
Agri COMMODITY
CS COPPER (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:448
SUP2:446
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
SUP1:6280
SUP2:6160
RESIST1:6477
RESIST2:6582
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS JEERA (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:11480
SUP2:11275
RESIST1:11700
RESIST2:12170
TRADING STRATEGY: SELL ON RISE
CAPITALSTAR0S.COM +919200099927
CS GOLD (APRIL) OVERVIEW:
TREND CONSOLIDATE
SUP1:30000
SUP2:29520
RESIST1:30520
RESIST2:30680
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS TURMERIC (APRIL) OVERVIEW:
TREND BULLISH
SUP1:7100
SUP2:6966
RESIST1:7470
RESIST2:7530
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS SILVER (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:47280
SUP2:46700
RESIST1:49240
RESIST2:50400
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS SOYABEAN (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:3908
SUP2:3875
RESIST1:4020
RESIST2:4045
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
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