DAILY COMMODITY MARKET STRATEGY-07 MAR 2014


BASE METAL WRAP: Copper prices edged lower on Thursday, as investors remained cautious ahead of the release of upcoming U.S. economic data and a policy meeting by the European Central Bank.

ENERGY WRAP: Crude oil prices gained in Asia on Friday as the markets shrugged off bearish factors such as ample U.S. supplies and looked ahead to prospects of renewed flareups in the Ukraine over a referendum on the sovereignty of the Crimean peninsula.

PRECIOUS METAL WRAP: Gold futures rose for the second straight day amid forecasts that U.S. borrowing costs will hold at a record low and European inflation will pick up gradually.

GLOBAL EVENTS TO WATCH: RBA Gov Stevens Speaks, Employment Change, Trade Balance, Unemployment Rate, Non-Farm Employment Change, Trade Balance, Unemployment Rate, Average Hourly Earnings m/m, FOMC Member Dudley Speaks.


AGRI COMMODITY COMMODITY
CS CHANA (APRIL) OVERVIEW:
TREND BULLISH
SUP1:3180
SUP2:3115
RESIST1:3275
RESIST2:3295
TRADING STRATEGY:BUY ON DIPS
CAPITALSTARS.COM +919200099927 +919977499927
CS COPPER (APRIL) OVERVIEW:
TREND CONSOLIDATE
SUP1:435
SUP2:432
RESIST1:440
RESIST2:444
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS JEERA (MARCH) OVERVIEW:
TREND BEARISH
SUP1:11200
SUP2:10900
RESIST1:11400
RESIST2:11700
TRADING STRATEGY: SELL ON RISE
CAPITALSTAR0S.COM +919200099927
CS CRUDE (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:6100
SUP2:6050
RESIST1:6275
RESIST2:6310
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS TURMERIC (APRIL) OVERVIEW:
TREND CONSOLIDATE
SUP1:6990
SUP2:6820
RESIST1:7300
RESIST2:7470
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS GOLD (APRIL) OVERVIEW:
TREND CONSOLIDATE
SUP1:29880
SUP2:29750
RESIST1:30320
RESIST2:30680
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS SOYABEAN (MARCH) OVERVIEW:
TREND BULLISH
SUP1:4115
SUP2:4040
RESIST1:4290
RESIST2:4410
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS SILVER (MAY) OVERVIEW:
TREND CONSOLIDATE
SUP1:46000
SUP2:45700
RESIST1:47700
RESIST2:48400
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927


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