DAILY COMMODITY MARKET STRATEGY-20 FEB

BASE METAL WRAP: Copper dropped by the most in a week, leading industrial metals lower, after a manufacturing gauge for China declined more than estimated, damping demand prospects in the world’s biggest user of metals.

ENERGY WRAP: West Texas Intermediate retreated from the highest price since October after a Chinese manufacturing index slid to a seven-month low, signaling demand may slow from the world’s second-biggest oil consumer. Natural gas futures dropped from a five-year high in New York amid speculation that the biggest gain in 20 months was excessive.

PRECIOUS METAL WRAP: Gold held losses after a two-day drop on expectations that the Federal Reserve will continue to taper stimulus in the U.S. and as holdings in the largest exchange-traded fund shrank by the most in two months.          

GLOBAL EVENTS TO WATCH: FOMC Meeting Minutes, PPI Input q/q, HSBC Flash Manufacturing PMI, French Flash Manufacturing PMI, French Flash Services PMI, German Flash Manufacturing PMI, German Flash Services PMI, Core CPI m/m, Unemployment Claims, CPI m/m, Flash Manufacturing PMI, Philly Fed Manufacturing Index, Mortgage Delinquencies, CB Leading Index m/m, Natural Gas Storage, Crude Oil Inventories.


COMMODITY
Agri COMMODITY
CS COPPER (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:446
SUP2:443
RESIST1:452
RESIST2:454
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927
CS CHANA (APRIL) OVERVIEW:
TREND CONSOLIDATE
SUP1:2950
SUP2:2875
RESIST1:3090
RESIST2:3124
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927 +919977499927
CS CRUDE (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:6338
SUP2:6280
RESIST1:6477
RESIST2:6582
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS JEERA (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:11450
SUP2:11275
RESIST1:11900
RESIST2:12170
TRADING STRATEGY: SELL ON RISE
CAPITALSTAR0S.COM +919200099927
CS GOLD (APRIL) OVERVIEW:
TREND CONSOLIDATE
SUP1:29520
SUP2:29320
RESIST1:30300
RESIST2:30520
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS TURMERIC (APRIL) OVERVIEW:
TREND CONSOLIDATE
SUP1:7180
SUP2:6890
RESIST1:7470
RESIST2:7530
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS SILVER (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:46700
SUP2:45740
RESIST1:48100
RESIST2:49240
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS SOYABEAN (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:3965
SUP2:3908
RESIST1:4045
RESIST2:4140
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927

0 comments: