DAILY COMMODITY MARKET STRATEGY-14 MAR
BASE METAL WRAP: Copper prices re-approached the lowest level since July 2010 on Thursday, after weaker than expected Chinese economic data added to concerns over the health of the world’s second largest economy.
ENERGY WRAP: West Texas Intermediate crude rebounded from a one-month low, narrowing its discount to Brent, as better-than-expected U.S. economic reports raised expectations that fuel demand will be stronger. Brent dropped.
PRECIOUS METAL WRAP: Gold climbed to the highest level in six months as escalating tension in Ukraine, before a vote in Crimea on breaking away to join Russia, and concern that China’s growth is faltering boosted demand for a store of value.
GLOBAL EVENTS TO WATCH: PPI m/m, Core PPI m/m, Prelim UoM Consumer Sentiment, Prelim UoM Inflation Expectations.
GLOBAL EVENTS TO WATCH: PPI m/m, Core PPI m/m, Prelim UoM Consumer Sentiment, Prelim UoM Inflation Expectations.
AGRI COMMODITY | BULLION COMMODITY |
CS COPPER (APRIL) OVERVIEW:
TREND BEARISH SUP1:396 SUP2:393 RESIST1:407 RESIST2:410 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927 |
CS CHANA (APRIL) OVERVIEW:
TREND CONSOLIDATE SUP1:3180 SUP2:3115 RESIST1:3475 RESIST2:3495 TRADING STRATEGY:BUY ON DIPS CAPITALSTARS.COM +919200099927 +919977499927 |
CS CRUDE (MARCH) OVERVIEW:
TREND CONSOLIDATE SUP1:5930 SUP2:5820 RESIST1:6100 RESIST2:6156 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927 |
CS JEERA (MARCH) OVERVIEW:
TREND BEARISH SUP1:10300 SUP2:10000 RESIST1:10840 RESIST2:11200 TRADING STRATEGY: SELL ON RISE CAPITALSTAR0S.COM +919200099927 |
CS GOLD (APRIL) OVERVIEW:
TREND CONSOLIDATE SUP1:30300 SUP2:29880 RESIST1:30680 RESIST2:30940 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927 |
CS TURMERIC (APRIL) OVERVIEW:
TREND BEARISH SUP1:6700 SUP2:6610 RESIST1:6850 RESIST2:7022 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927 |
CS SILVER (MAY) OVERVIEW:
TREND CONSOLIDATE SUP1:45500 SUP2:45000 RESIST1:47440 RESIST2:48320 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927 |
CS SOYABEAN (MARCH) OVERVIEW:
TREND CONSOLIDATE SUP1:4115 SUP2:4040 RESIST1:4278 RESIST2:4340 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927 |
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