DAILY COMMODITY MARKET STRATEGY-4 FEB
ENERGY WRAP: West Texas Intermediate traded near the lowest price in a week amid speculation crude inventories increased in the U.S., the world’s biggest oil consumer.
PRECIOUS METAL WRAP: Gold held gains to extend the first monthly advance since August as concern that global growth may be faltering sent equity markets lower and boosted demand for haven assets.
GLOBAL EVENTS TO WATCH: Cash Rate, RBA Rate Statement, Construction PMI, Factory Orders m/m, IBD/TIPP Economic Optimism.
AGRI COMMODITY | COMMODITY |
CS
CHANA (FEB.) OVERVIEW:
TREND
CONSOLIDATE
SUP1:2790
SUP2:2760
RESIST1:2854
RESIST2:2880
TRADING
STRATEGY: SELL ON RISE
CAPITALSTARS.COM
+919200099927 +919977499927 |
CS
COPPER (FEB.) OVERVIEW:
TREND
CONSOLIDATE
SUP1:442
SUP2:440
RESIST1:446
RESIST2:449
TRADING
STRATEGY: SELL ON RISE
CAPITALSTARS.COM
+919200099927 |
CS
JEERA (MARCH) OVERVIEW:
TREND
BEARISH
SUP1:11700
SUP2:11300
RESIST1:12100
RESIST2:12300
TRADING
STRATEGY: SELL ON RISE
CAPITALSTAR0S.COM
+919200099927 |
CS
CRUDE (FEB.) OVERVIEW:
TREND
CONSOLIDATE
SUP1:6040
SUP2:6004
RESIST1:6110
RESIST2:6200
TRADING
STRATEGY: SELL ON RISE
CAPITALSTARS.COM
+919200099927 |
CS
TURMERIC (APRIL) OVERVIEW:
TREND
BULLISH
SUP1:7160
SUP2:6950
RESIST1:7500
RESIST2:7650
TRADING
STRATEGY: BUY ON DIPS
CAPITALSTARS.COM
+919200099927 |
CS
GOLD (FEB.) OVERVIEW:
TREND
CONSOLIDATE
SUP1:29580
SUP2:29250
RESIST1:29985
RESIST2:30260
TRADING
STRATEGY: SELL ON RISE
CAPITALSTARS.COM
+919200099927 |
CS
SOYABEAN (MARCH) OVERVIEW:
TREND
CONSOLIDATE
SUP1:3780
SUP2:3740
RESIST1:3840
RESIST2:3890
TRADING
STRATEGY: BUY ON DIPS
CAPITALSTARS.COM
+919200099927 |
CS
SILVER (MARCH) OVERVIEW:
TREND
CONSOLIDATE
SUP1:42400
SUP2:42000
RESIST1:44630
RESIST2:45100
TRADING
STRATEGY: SELL ON RISE
CAPITALSTARS.COM
+919200099927 |
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