DAILY COMMODITY MARKET STRATEGY-11 MARCH 2014
BASE METAL WRAP: Copper advanced in London as some investors said the metal was oversold after signs of slowing demand in China led to the biggest two-day slump in 28 months.
ENERGY WRAP: West Texas Intermediate traded near the lowest price in more than three weeks amid speculation that crude stockpiles expanded in the U.S., the world’s biggest oil consumer. Brent was steady in London.
PRECIOUS METAL WRAP: Gold climbed as investors weighed the prospect of reduced stimulus in the U.S. against escalating tension in Ukraine. Holdings in the biggest exchange-traded product expanded to the highest this year.
GLOBAL EVENTS TO WATCH: NAB Business Confidence, Monetary Policy Statement, BOJ Press Conference, Inflation Report Hearings, Manufacturing Production m/m, NFIB Small Business Index, JOLTS Job Openings, Wholesale Inventories m/m.
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
RESIST1:422S
RESIST2:428
TRADING
STRATEGY: SELL ON RISE
CAPITALSTARS.COM
+919200099927 |
CS
JEERA (MARCH) OVERVIEW:
TREND
BEARISH
SUP1:10370
SUP2:10000
RESIST1:10840
RESIST2:11200
TRADING
STRATEGY: SELL ON RISE
CAPITALSTAR0S.COM
+919200099927 |
CS
CRUDE (MARCH) OVERVIEW:
TREND
CONSOLIDATE
SUP1:6090
SUP2:6040
RESIST1:6170
RESIST2:6275
TRADING
STRATEGY: SELL ON RISE
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
CONSOLIDATE
SUP1:4250
SUP2:4165
RESIST1:4350
RESIST2:4410
TRADING
STRATEGY: BUY ON DIPS
CAPITALSTARS.COM
+919200099927 |
CS
SILVER (MAY) OVERVIEW:
TREND
CONSOLIDATE
SUP1:45100
SUP2:44100
RESIST1:46740
RESIST2:47440
TRADING
STRATEGY: SELL ON RISE
CAPITALSTARS.COM
+919200099927 |
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