DAILY COMMODITY MARKET STRATEGY-28 MAR
BASE METAL WRAP: Copper headed for a second weekly advance on concern that supplies from global mines will trail forecasts and amid speculation demand may increase in China, the biggest user of industrial metals.
ENERGY WRAP: West Texas Intermediate headed for a second weekly advance amid shrinking stockpiles at the U.S. oil storage hub in Cushing, Oklahoma, and concern the crisis in Ukraine threatens supplies from Russia.
PRECIOUS METAL WRAP: Gold trimmed a second weekly loss as investors weighed speculation a drop below $1,300 an ounce will spur demand against signs of a U.S. recovery, which may add to the case for tapering. Platinum and palladium advanced.
GLOBAL EVENTS TO WATCH: Current Account, Core PCE Price Index m/m, Personal Spending m/m, Personal Income m/m, Revised UoM Consumer Sentiment, Revised UoM Inflation Expectations.
ENERGY WRAP: West Texas Intermediate headed for a second weekly advance amid shrinking stockpiles at the U.S. oil storage hub in Cushing, Oklahoma, and concern the crisis in Ukraine threatens supplies from Russia.
PRECIOUS METAL WRAP: Gold trimmed a second weekly loss as investors weighed speculation a drop below $1,300 an ounce will spur demand against signs of a U.S. recovery, which may add to the case for tapering. Platinum and palladium advanced.
GLOBAL EVENTS TO WATCH: Current Account, Core PCE Price Index m/m, Personal Spending m/m, Personal Income m/m, Revised UoM Consumer Sentiment, Revised UoM Inflation Expectations.
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
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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
BEARISH
SUP1:9340
SUP2:8400
RESIST1:10325
RESIST2:10500
TRADING
STRATEGY: SELL ON RISE
CAPITALSTAR0S.COM
+919200099927 |
CS
CRUDE (APRIL) OVERVIEW:
TREND
CONSOLIDATE
SUP1:5970
SUP2:5930
RESIST1:6150
RESIST2:6220
TRADING
STRATEGY: BUY ON DIPS
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
BEARISH
SUP1:28270
SUP2:28050
RESIST1:28750
RESIST2:29130
TRADING
STRATEGY: SELL ON RISE
CAPITALSTARS.COM
+919200099927 |
CS
SOYABEAN (MARCH) OVERVIEW:
TREND
CONSOLIDATE
SUP1:4150
SUP2:4080
RESIST1:4350
RESIST2:4400
TRADING
STRATEGY: BUY ON DIPS
CAPITALSTARS.COM
+919200099927 |
CS
SILVER (MAY) OVERVIEW:
TREND
CONSOLIDATE
SUP1:42400
SUP2:40500
RESIST1:43400
RESIST2:44200
TRADING
STRATEGY: SELL ON RISE
CAPITALSTARS.COM
+919200099927 |
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