DAILY COMMODITY MARKET STRATEGY-13 Mar 2014

 
BASE METAL WRAP: Copper reached a 44-month low in London amid concern demand is weakening in China, the biggest consumer of the metal. Futures traded in Shanghai touched the lowest price since 2009.
 

ENERGY WRAP: West Texas Intermediate traded near the lowest price in more than a month before data forecast to show reduced growth in industrial production in China, the world’s second-largest oil consumer. Brent was steady in London.

PRECIOUS METAL WRAP: Gold advanced to the highest level in almost six months as worsening tension between Ukraine and Russia boosted haven demand, with prices heading for the best run of weekly gains since August 2011.

GLOBAL EVENTS TO WATCH: Official Cash Rate, RBNZ Monetary Policy Statement, RBNZ Press Conference, RBNZ Rate Statement, Employment Change, Unemployment Rate, RBNZ Gov Wheeler Speaks, Industrial Production y/y, Core Retail Sales m/m, Retail Sales m/m, Unemployment Claims, Import Prices m/m, Business Inventories m/m, Fed Gov Nomination Hearings, Natural Gas Storage, 30-y Bond Auction, Federal Budget Balance.

AGRI COMMODITY	BULLION COMMODITY
CS CHANA (APRIL) OVERVIEW: TREND CONSOLIDATE SUP1:3180 SUP2:3115 RESIST1:3475 RESIST2:3495 TRADING STRATEGY:BUY ON DIPS CAPITALSTARS.COM +919200099927 +919977499927	CS COPPER (APRIL) OVERVIEW: TREND BEARISH SUP1:396 SUP2:393 RESIST1:407 RESIST2:410 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 SUP1:5930 SUP2:5820 RESIST1:6100 RESIST2:6156 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927
CS TURMERIC (APRIL) OVERVIEW: TREND BEARISH SUP1:6820 SUP2:6610 RESIST1:7300 RESIST2:7470 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927	CS GOLD (APRIL) OVERVIEW: TREND CONSOLIDATE SUP1:30300 SUP2:29880 RESIST1:30680 RESIST2:30940 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927
CS SOYABEAN (MARCH) OVERVIEW: TREND CONSOLIDATE SUP1:4115 SUP2:4040 RESIST1:4240 RESIST2:4276 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927	CS SILVER (MAY) OVERVIEW: TREND CONSOLIDATE SUP1:45500 SUP2:45000 RESIST1:47440 RESIST2:48320 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927