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

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