DAILY COMMODITY MARKET STRATEGY-1 APR
BASE METAL WRAP: Copper rose, trading near a three-week high after an official gauge of Chinese industrial activity beat estimates, increasing prospects for demand from the world’s biggest consumer.
ENERGY WRAP: West Texas Intermediate fell for a second day amid uncertainty over China’s economic growth and speculation that U.S. crude supplies expanded for an 11th week. Brent was steady in London.
PRECIOUS METAL WRAP: Gold traded near a seven-week low as investors weighed the outlook for the Federal Reserve’s monetary policy. Holdings in the largest exchange-traded product shrank the most in more than five weeks.
GLOBAL EVENTS TO WATCH: Manufacturing PMI, HSBC Final Manufacturing PMI, Cash Rate, RBA Rate Statement, Manufacturing PMI, Final Manufacturing PMI, ISM Manufacturing PMI, Construction Spending m/m, IBD/TIPP Economic Optimism, ISM Manufacturing Prices, Total Vehicle Sales.
ENERGY WRAP: West Texas Intermediate fell for a second day amid uncertainty over China’s economic growth and speculation that U.S. crude supplies expanded for an 11th week. Brent was steady in London.
PRECIOUS METAL WRAP: Gold traded near a seven-week low as investors weighed the outlook for the Federal Reserve’s monetary policy. Holdings in the largest exchange-traded product shrank the most in more than five weeks.
GLOBAL EVENTS TO WATCH: Manufacturing PMI, HSBC Final Manufacturing PMI, Cash Rate, RBA Rate Statement, Manufacturing PMI, Final Manufacturing PMI, ISM Manufacturing PMI, Construction Spending m/m, IBD/TIPP Economic Optimism, ISM Manufacturing Prices, Total Vehicle Sales.
AGRI COMMODITY | BULLION COMMODITY |
CS
CHANA (MAY) OVERVIEW:
TREND
CONSOLIDATE
SUP1:3300
SUP2:3260
RESIST1:3400
RESIST2:3460
TRADING
STRATEGY: BUY ON DIPS
CAPITALSTARS.COM
+919200099927 +919977499927 |
CS
COPPER (APRIL) OVERVIEW:
TREND
CONSOLIDATE
SUP1:395
SUP2:392
RESIST1:406
RESIST2:409
TRADING
STRATEGY: SELL ON RISE
CAPITALSTARS.COM
+919200099927 |
CS
JEERA (APRIL) OVERVIEW:
TREND
BEARISH
SUP1:9780
SUP2:9340
RESIST1:10325
RESIST2:10500
TRADING
STRATEGY: SELL ON RISE
CAPITALSTAR0S.COM
+919200099927 |
CS
CRUDE (APRIL) OVERVIEW:
TREND
CONSOLIDATE
SUP1:5970
SUP2:5930
RESIST1:6150
RESIST2:6220
TRADING
STRATEGY: BUY ON DIPS
CAPITALSTARS.COM
+919200099927 |
CS
TURMERIC (APRIL) OVERVIEW:
TREND
BEARISH
SUP1:6070
SUP2:5980
RESIST1:6510
RESIST2:6580
TRADING
STRATEGY: SELL ON RISE
CAPITALSTARS.COM
+919200099927 |
CS
GOLD (JUNE) OVERVIEW:
TREND
BEARISH
SUP1:27860
SUP2:27500
RESIST1:28300
RESIST2:28400
TRADING
STRATEGY: SELL ON RISE
CAPITALSTARS.COM
+919200099927 |
CS
SOYABEAN (MAY) OVERVIEW:
TREND
CONSOLIDATE
SUP1:4140
SUP2:4115
RESIST1:4375
RESIST2:4476
TRADING
STRATEGY: BUY ON DIPS
CAPITALSTARS.COM
+919200099927 |
CS
SILVER (MAY) OVERVIEW:
TREND
CONSOLIDATE
SUP1:42400
SUP2:40500
RESIST1:43980
RESIST2:44200
TRADING
STRATEGY: SELL ON RISE
CAPITALSTARS.COM
+919200099927 |
No comments:
Post a Comment