DAILY COMMODITY MARKET STRATEGY-10 MAR 2014
ENERGY WRAP: Brent crude fell after exports from China unexpectedly shrank, stoking speculation that the world’s second-largest oil consumer may not reach its economic growth target. West Texas Intermediate was steady.
PRECIOUS METAL WRAP: Gold retreated for a second day as U.S. jobs data backed the case for the Federal Reserve to keep on reducing stimulus. Silver, platinum and palladium declined.
GLOBAL EVENTS TO WATCH: Italian Industrial Production m/m, FOMC Member Plosser Speaks.
Agri
COMMODITY |
COMMODITY |
CS
CHANA (APRIL) OVERVIEW:
TREND
BULLISH
SUP1:3180
SUP2:3115
RESIST1:3475
RESIST2:3495
TRADING
STRATEGY:BUY ON DIPS
CAPITALSTARS.COM
+919200099927 +919977499927 |
CS
COPPER (APRIL) OVERVIEW:
TREND
BEARISH
SUP1:405
SUP2:393
RESIST1:422
RESIST2:428
TRADING
STRATEGY: SELL ON RISE
CAPITALSTARS.COM
+919200099927 |
CS
JEERA (MARCH) OVERVIEW:
TREND
BEARISH
SUP1:11000
SUP2:10570
RESIST1:11400
RESIST2:11700
TRADING
STRATEGY: SELL ON RISE
CAPITALSTAR0S.COM
+919200099927 |
CS
CRUDE (MARCH) OVERVIEW:
TREND
CONSOLIDATE
SUP1:6156
SUP2:6100
RESIST1:6335
RESIST2:6440
TRADING
STRATEGY: BUY ON DIPS
CAPITALSTARS.COM
+919200099927 |
CS
TURMERIC (APRIL) OVERVIEW:
TREND
CONSOLIDATE
SUP1:7020
SUP2:6820
RESIST1:7300
RESIST2:7470
TRADING
STRATEGY: BUY ON DIPS
CAPITALSTARS.COM
+919200099927 |
CS
GOLD (APRIL) OVERVIEW:
TREND
CONSOLIDATE
SUP1:29880
SUP2:29750
RESIST1:30350
RESIST2:30680
TRADING
STRATEGY: BUY ON DIPS
CAPITALSTARS.COM
+919200099927 |
CS
SOYABEAN (MARCH) OVERVIEW:
TREND
BULLISH
SUP1:4115
SUP2:4040
RESIST1:4325
RESIST2:4410
TRADING
STRATEGY: BUY ON DIPS
CAPITALSTARS.COM
+919200099927 |
CS
SILVER (MAY) OVERVIEW:
TREND
BEARISH
SUP1:45100
SUP2:44100
RESIST1:46740
RESIST2:47440
TRADING
STRATEGY: SELL ON RISE
CAPITALSTARS.COM
+919200099927 |
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