DAILY COMMODITY MARKET STRATEGY-05 MAR 2014


BASE METAL WRAP: Nickel snapped a four-day advance in London, declining from the highest level in almost nine months, while China retained its economic growth target.

ENERGY WRAP: West Texas Intermediate crude tumbled the most in two months as Brent dropped amid speculation that tension between Ukraine and Russia, the world’s biggest energy exporter, won’t disrupt oil supplies.

PRECIOUS METAL WRAP: Gold futures fell from a 17-week high as demand for a haven eased after Russian President Vladimir Putin said that there’s no immediate need to send troops to Ukraine. Palladium jumped.

GLOBAL EVENTS TO WATCH: GDP q/q, Services PMI, ADP Non-Farm Employment Change, Final Services PMI, BOC Rate Statement, Overnight Rate, ISM Non-Manufacturing PMI, Crude Oil Inventories.


Agri COMMODITY
COMMODITY
CS CHANA (APRIL) OVERVIEW:
TREND BULLISH
SUP1:3115
SUP2:3100
RESIST1:3240
RESIST2:3280
TRADING STRATEGY:BUY ON DIPS
CAPITALSTARS.COM +919200099927 +919977499927
CS COPPER (APRIL) OVERVIEW:
TREND CONSOLIDATE
SUP1:440
SUP2:436
RESIST1:445
RESIST2:448
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS JEERA (MARCH) OVERVIEW:
TREND BEARISH
SUP1:11200
SUP2:10900
RESIST1:11900
RESIST2:12170
TRADING STRATEGY: SELL ON RISE
CAPITALSTAR0S.COM +919200099927
CS CRUDE (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:6380
SUP2:6275
RESIST1:6550
RESIST2:6582
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 GOLD (APRIL) OVERVIEW:
TREND CONSOLIDATE
SUP1:30000
SUP2:29880
RESIST1:30680
RESIST2:30950
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
CS SILVER (MAY) OVERVIEW:
TREND CONSOLIDATE
SUP1:46700
SUP2:46200
RESIST1:48350
RESIST2:49200
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927

0 comments: