DAILY COMMODITY MARKET STRATEGY-26 FEB
BASE METAL WRAP: Copper traded near a three-week low after a report showed flagging U.S. consumer confidence and amid concern that China’s growth is slowing, damping demand prospects from the world’s two biggest users.
ENERGY WRAP: West Texas Intermediate traded near the lowest price in more than a week. An industry report showed stockpiles declined at the delivery point for U.S. crude contracts. Brent was little changed.
PRECIOUS METAL WRAP: Gold traded near a 17-week high as investors weighed U.S. economic data that missed estimates against weaker physical demand at higher prices.
GLOBAL EVENTS TO WATCH: Second Estimate GDP q/q, New Home Sales, Crude Oil Inventories.
ENERGY WRAP: West Texas Intermediate traded near the lowest price in more than a week. An industry report showed stockpiles declined at the delivery point for U.S. crude contracts. Brent was little changed.
PRECIOUS METAL WRAP: Gold traded near a 17-week high as investors weighed U.S. economic data that missed estimates against weaker physical demand at higher prices.
GLOBAL EVENTS TO WATCH: Second Estimate GDP q/q, New Home Sales, Crude Oil Inventories.
Agri
COMMODITY |
COMMODITY |
CS
CHANA (APRIL) OVERVIEW:
TREND
CONSOLIDATE
SUP1:2960
SUP2:2910
RESIST1:3050
RESIST2:3100
TRADING
STRATEGY:SELL ON RISE
CAPITALSTARS.COM
+919200099927 +919977499927 |
CS
COPPER (FEB.) OVERVIEW:
TREND
CONSOLIDATE
SUP1:442
SUP2:440
RESIST1:450
RESIST2:453
TRADING
STRATEGY: SELL ON RISE
CAPITALSTARS.COM
+919200099927 |
CS
JEERA (MARCH) OVERVIEW:
TREND
BEARISH
SUP1:11275
SUP2:11100
RESIST1:11900
RESIST2:12170
TRADING
STRATEGY: SELL ON RISE
CAPITALSTAR0S.COM
+919200099927 |
CS
CRUDE (FEB.) OVERVIEW:
TREND
CONSOLIDATE
SUP1:6270
SUP2:6150
RESIST1:6355
RESIST2:6470
TRADING
STRATEGY: SELL ON RISE
CAPITALSTARS.COM
+919200099927 |
CS
TURMERIC (APRIL) OVERVIEW:
TREND
CONSOLIDATE
SUP1:6770
SUP2:6610
RESIST1:7140
RESIST2:7370
TRADING
STRATEGY: SELL ON RISE
CAPITALSTARS.COM
+919200099927 |
CS
GOLD (APRIL) OVERVIEW:
TREND
CONSOLIDATE
SUP1:29750
SUP2:29630
RESIST1:30300
RESIST2:30520
TRADING
STRATEGY: BUY ON DIPS
CAPITALSTARS.COM
+919200099927 |
CS
SOYABEAN (MARCH) OVERVIEW:
TREND
CONSOLIDATE
SUP1:3968
SUP2:3930
RESIST1:4110
RESIST2:4216
TRADING
STRATEGY: BUY ON DIPS
CAPITALSTARS.COM
+919200099927 |
CS
SILVER (MARCH) OVERVIEW:
TREND
CONSOLIDATE
SUP1:46700
SUP2:45850
RESIST1:49240
RESIST2:50400
TRADING
STRATEGY: BUY ON DIPS
CAPITALSTARS.COM
+919200099927 |
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