DAILY COMMODITY MARKET STRATEGY-19 MAR
BASE METAL WRAP: Nickel rose to the highest level in 11 months as raw ore stockpiles in China, which produces a quarter of global production, are falling amid an Indonesian export ban and on speculation Russian supply will be disrupted.
ENERGY WRAP: West Texas Intermediate crude rose the most in two weeks, narrowing its discount to Brent, after Enterprise Products Partners LP said it would more than double the capacity of its Seaway pipeline as early as May.
PRECIOUS METAL WRAP: Gold traded near the lowest level in almost a week as the Federal Reserve concludes a two-day meeting today after U.S. data showed muted inflation and investors weighed the situation in Ukraine.
GLOBAL EVENTS TO WATCH: BOJ Gov Kuroda Speaks, Claimant Count Change, MPC Asset Purchase Facility Votes, MPC Official Bank Rate Votes, Unemployment Rate, Annual Budget Release, Current Account, Crude Oil Inventories, SNB Chairman Jordan Speaks, FOMC Economic Projections, FOMC Statement, Federal Funds Rate.
ENERGY WRAP: West Texas Intermediate crude rose the most in two weeks, narrowing its discount to Brent, after Enterprise Products Partners LP said it would more than double the capacity of its Seaway pipeline as early as May.
PRECIOUS METAL WRAP: Gold traded near the lowest level in almost a week as the Federal Reserve concludes a two-day meeting today after U.S. data showed muted inflation and investors weighed the situation in Ukraine.
GLOBAL EVENTS TO WATCH: BOJ Gov Kuroda Speaks, Claimant Count Change, MPC Asset Purchase Facility Votes, MPC Official Bank Rate Votes, Unemployment Rate, Annual Budget Release, Current Account, Crude Oil Inventories, SNB Chairman Jordan Speaks, FOMC Economic Projections, FOMC Statement, Federal Funds Rate.
AGRI COMMODITY | BULLION COMMODITY |
CS
CHANA (APRIL) OVERVIEW:
TREND
CONSOLIDATE
SUP1:3180
SUP2:3115
RESIST1:3330
RESIST2:3475
TRADING
STRATEGY:BUY ON DIPS
CAPITALSTARS.COM
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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
SUP1:9900
SUP2:9800
RESIST1:10240
RESIST2:10460
TRADING
STRATEGY: SELL ON RISE
CAPITALSTAR0S.COM
+919200099927 |
CS
CRUDE (APRIL) OVERVIEW:
TREND
CONSOLIDATE
SUP1:5975
SUP2:5870
RESIST1:6105
RESIST2:6210
TRADING
STRATEGY: SELL ON RISE
CAPITALSTARS.COM
+919200099927 |
CS
TURMERIC (APRIL) OVERVIEW:
TREND
BEARISH
SUP1:6520
SUP2:6220
RESIST1:6730
RESIST2:6890
TRADING
STRATEGY: SELL ON RISE
CAPITALSTARS.COM
+919200099927 |
CS
GOLD (APRIL) OVERVIEW:
TREND
CONSOLIDATE
SUP1:29880
SUP2:29750
RESIST1:30750
RESIST2:30950
TRADING
STRATEGY: SELL ON RISE
CAPITALSTARS.COM
+919200099927 |
CS
SOYABEAN (MARCH) OVERVIEW:
TREND
CONSOLIDATE
SUP1:4245
SUP2:4150
RESIST1:4340
RESIST2:4400
TRADING
STRATEGY: BUY ON DIPS
CAPITALSTARS.COM
+919200099927 |
CS
SILVER (MAY) OVERVIEW:
TREND
CONSOLIDATE
SUP1:45500
SUP2:44160
RESIST1:47100
RESIST2:47900
TRADING
STRATEGY: SELL ON RISE
CAPITALSTARS.COM
+919200099927 |
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