DAILY COMMODITY MARKET STRATEGY-4 FEB


BASE METAL WRAP: Copper dropped for a 10th day, heading for the longest losing streak since at least April 1986, on signs of weakening demand after manufacturing slowed in China and the U.S., the world’s top metals consumers.

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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