DAILY COMMODITY MARKET STRATEGY-31 MAR
BASE METAL WRAP: Copper fell, extending a quarterly loss on concern that an economic slowdown in China, the biggest metals consumer, will lower demand.
ENERGY WRAP: West Texas Intermediate crude traded near the highest close in three weeks and headed for a quarterly advance as the U.S. and Russia sought to defuse the crisis over Ukraine. Brent was steady in London.
PRECIOUS METAL WRAP: Gold headed for the first monthly decline this year as signs of a U.S. recovery backed the case for the Federal Reserve to press on with reducing stimulus. Palladium was poised to advance for a second month.
GLOBAL EVENTS TO WATCH: ANZ Business Confidence, CPI Flash Estimate y/y, Italian Prelim CPI m/m, GDP m/m, Chicago PMI, Fed Chair Yellen Speaks, BOE Gov Carney Speaks.
ENERGY WRAP: West Texas Intermediate crude traded near the highest close in three weeks and headed for a quarterly advance as the U.S. and Russia sought to defuse the crisis over Ukraine. Brent was steady in London.
PRECIOUS METAL WRAP: Gold headed for the first monthly decline this year as signs of a U.S. recovery backed the case for the Federal Reserve to press on with reducing stimulus. Palladium was poised to advance for a second month.
GLOBAL EVENTS TO WATCH: ANZ Business Confidence, CPI Flash Estimate y/y, Italian Prelim CPI m/m, GDP m/m, Chicago PMI, Fed Chair Yellen Speaks, BOE Gov Carney Speaks.
| AGRI COMMODITY | BULLION COMMODITY |
CS
CHANA (MAY) OVERVIEW:
TREND
CONSOLIDATE
SUP1:3260
SUP2:3230
RESIST1:3460
RESIST2:3500
TRADING
STRATEGY: BUY ON DIPS
CAPITALSTARS.COM
+919200099927 +919977499927 |
CS
COPPER (APRIL) OVERVIEW:
TREND
CONSOLIDATE
SUP1:395
SUP2:392
RESIST1:406
RESIST2:409
TRADING
STRATEGY: SELL ON RISE
CAPITALSTARS.COM
+919200099927 |
CS
JEERA (APRIL) OVERVIEW:
TREND
BEARISH
SUP1:9780
SUP2:9340
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
CONSOLIDATE
SUP1:28050
SUP2:27340
RESIST1:28700
RESIST2:29000
TRADING
STRATEGY: SELL ON RISE
CAPITALSTARS.COM
+919200099927 |
CS
SOYABEAN (MAY) OVERVIEW:
TREND
CONSOLIDATE
SUP1:4140
SUP2:4115
RESIST1:4375
RESIST2:4476
TRADING
STRATEGY: BUY ON DIPS
CAPITALSTARS.COM
+919200099927 |
CS
SILVER (MAY) OVERVIEW:
TREND
CONSOLIDATE
SUP1:42400
SUP2:40500
RESIST1:43900
RESIST2:44200
TRADING
STRATEGY: SELL ON RISE
CAPITALSTARS.COM
+919200099927 |
Capitalstars Financial Research Private Limited is a research house and an investment advisory group.
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