DAILY COMMODITY MARKET STRATEGY-20 MAR

 

BASE METAL WRAP: Copper declined for the first time in five days on speculation that demand will slow as the U.S. Federal Reserve officials boosted their forecasts for key interest rates and China’s growth faltered.

ENERGY WRAP: West Texas Intermediate crude climbed above $100 a barrel after a government report showed that inventories at Cushing, Oklahoma, the delivery point for the contract, dropped for a seventh week. Brent oil decreased.
 

PRECIOUS METAL WRAP: Gold traded near the lowest in three weeks as Federal Reserve policy makers signaled a rise in interest rates by next year while further reducing monetary stimulus, boosting the dollar and curbing demand for the metal.

GLOBAL EVENTS TO WATCH: FOMC Press Conference, GDP q/q, BOJ Gov Kuroda Speaks, Libor Rate, SNB Monetary Policy Assessment, Unemployment Claims, Existing Home Sales, Philly Fed Manufacturing Index, CB Leading Index m/m, Natural Gas Storage.

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 +919200099927 +919977499927	CS COPPER (APRIL) OVERVIEW: TREND BEARISH SUP1:396 SUP2:392 RESIST1:410 RESIST2:415 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927
CS JEERA (MARCH) OVERVIEW: TREND BEARISH SUP1:9900 SUP2:9800 RESIST1:10460 RESIST2:10750 TRADING STRATEGY: SELL ON RISE CAPITALSTAR0S.COM +919200099927	CS CRUDE (APRIL) OVERVIEW: TREND CONSOLIDATE SUP1:6080 SUP2:5975 RESIST1:6170 RESIST2:6220 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927
CS TURMERIC (APRIL) OVERVIEW: TREND BEARISH SUP1:6400 SUP2:6220 RESIST1:6730 RESIST2:6890 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927	CS GOLD (APRIL) OVERVIEW: TREND CONSOLIDATE SUP1:29880 SUP2:29750 RESIST1:30300 RESIST2:30750 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927
CS SOYABEAN (MARCH) OVERVIEW: TREND CONSOLIDATE SUP1:4115 SUP2:4040 RESIST1:4350 RESIST2:4550 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927	CS SILVER (MAY) OVERVIEW: TREND CONSOLIDATE SUP1:45000 SUP2:44160 RESIST1:46600 RESIST2:47750 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927