DAILY COMMODITY MARKET STRATEGY-10 MAR 2014


BASE METAL WRAP: Copper prices edged lower, 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: 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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