DAILY COMMODITY MARKET STRATEGY-04 MAR 2014


BASE METAL WRAP: China's sliding currency is hitting prices for copper and other commodities. Trade sanctions and a general ratcheting up of global tensions could also endanger the fragile global economic recovery now under way, hurting commodity prices in the process

ENERGY WRAP: West Texas Intermediate crude surged to a five-month high as Brent advanced amid escalating tension between Ukraine and Russia, the world’s biggest energy exporter.

PRECIOUS METAL WRAP: Gold traded near the highest level in more than four months as investors weighed the crisis in Ukraine against signs that the rally was overdone and physical buying in China slowed.

GLOBAL EVENTS TO WATCH: Building Approvals m/m, Cash Rate, RBA Rate Statement, Construction PMI, IBD/TIPP Economic Optimism.


COMMODITY
Agri COMMODITY
CS COPPER (APRIL) OVERVIEW:
TREND CONSOLIDATE
SUP1:436
SUP2:435
RESIST1:441
RESIST2:443
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927
CS CHANA (APRIL) OVERVIEW:
TREND BULLISH
SUP1:3121
SUP2:3100
RESIST1:3240
RESIST2:3280
TRADING STRATEGY:BUY ON DIPS
CAPITALSTARS.COM +919200099927 +919977499927
CS CRUDE (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:6460
SUP2:6430
RESIST1:6582
RESIST2:6679
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS JEERA (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:11300
SUP2:11275
RESIST1:11900
RESIST2:12170
TRADING STRATEGY: SELL ON RISE
CAPITALSTAR0S.COM +919200099927
CS GOLD (APRIL) OVERVIEW:
TREND CONSOLIDATE
SUP1:30270
SUP2:30000
RESIST1:30680
RESIST2:30950
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS TURMERIC (APRIL) OVERVIEW:
TREND BULLISH
SUP1:7040
SUP2:6820
RESIST1:7300
RESIST2:7470
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS SILVER (MAY) OVERVIEW:
TREND CONSOLIDATE
SUP1:46700
SUP2:46200
RESIST1:48350
RESIST2:49200
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS SOYABEAN (MARCH) OVERVIEW:
TREND BULLISH
SUP1:4150
SUP2:4110
RESIST1:4320
RESIST2:4475
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
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