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