DAILY COMMODITY MARKET STRATEGY-26 MAR
BASE METAL WRAP: Copper dropped from a two-week high amid concern that economic growth is slowing and default risks are rising in the biggest-user China at a time when global supplies are increasing.
ENERGY WRAP: Crude oil prices rose slightly in Asia on continued geopolitical tensions over the Ukraine, but ample U.S. industry inventory data tempered gains.
ENERGY WRAP: Crude oil prices rose slightly in Asia on continued geopolitical tensions over the Ukraine, but ample U.S. industry inventory data tempered gains.
PRECIOUS METAL WRAP: Gold prices traded flat in Asia on Wednesday on mild dollar support on growing prospects for rate hikes in the U.S. next year.
GLOBAL EVENTS TO WATCH: RBA Gov Stevens Speaks, Core Durable Goods Orders m/m, Durable Goods Orders m/m, Flash Services PMI, Crude Oil Inventories.
GLOBAL EVENTS TO WATCH: RBA Gov Stevens Speaks, Core Durable Goods Orders m/m, Durable Goods Orders m/m, Flash Services PMI, Crude Oil Inventories.
AGRI COMMODITY | BULLION COMMODITY |
CS
CHANA (APRIL) OVERVIEW:
TREND
CONSOLIDATE
SUP1:3180
SUP2:3115
RESIST1:3420
RESIST2:3475
TRADING
STRATEGY: BUY ON DIPS
CAPITALSTARS.COM
+919200099927 +919977499927 |
CS
COPPER (APRIL) OVERVIEW:
TREND
CONSOLIDATE
SUP1:392
SUP2:389
RESIST1:406
RESIST2:409
TRADING
STRATEGY: SELL ON RISE
CAPITALSTARS.COM
+919200099927 |
CS
JEERA (MARCH) OVERVIEW:
TREND
CONSOLIIDATE
SUP1:9340
SUP2:8400
RESIST1:10480
RESIST2:10750
TRADING
STRATEGY: SELL ON RISE
CAPITALSTAR0S.COM
+919200099927 |
CS
CRUDE (APRIL) OVERVIEW:
TREND
CONSOLIDATE
SUP1:5933
SUP2:5829
RESIST1:6150
RESIST2:6220
TRADING
STRATEGY: SELL ON RISE
CAPITALSTARS.COM
+919200099927 |
CS
TURMERIC (APRIL) OVERVIEW:
TREND
BEARISH
SUP1:6070
SUP2:5980
RESIST1:6510
RESIST2:6580
TRADING
STRATEGY: SELL ON RISE
CAPITALSTARS.COM
+919200099927 |
CS
GOLD (APRIL) OVERVIEW:
TREND
CONSOLIDATE
SUP1:28740
SUP2:28600
RESIST1:29260
RESIST2:29700
TRADING
STRATEGY: SELL ON RISE
CAPITALSTARS.COM
+919200099927 |
CS
SOYABEAN (MARCH) OVERVIEW:
TREND
CONSOLIDATE
SUP1:4150
SUP2:4080
RESIST1:4262
RESIST2:4350
TRADING
STRATEGY: SELL ON RISE
CAPITALSTARS.COM
+919200099927 |
CS
SILVER (MAY) OVERVIEW:
TREND
CONSOLIDATE
SUP1:42900
SUP2:42400
RESIST1:44200
RESIST2:45350
TRADING
STRATEGY: SELL ON RISE
CAPITALSTARS.COM
+919200099927 |
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