DAILY COMMODITY MARKET STRATRGY-18 MAR
BASE METAL WRAP: Nickel climbed the most in two weeks and headed toward a bull market as an export ban by Indonesia and the risk of sanctions against Russia raised concern that supplies will be crimped.
ENERGY WRAP: West Texas Intermediate crude fell and Brent tumbled to a five-week low on speculation that U.S. and European Union sanctions against Russia are unlikely to disrupt oil shipments.
PRECIOUS METAL WRAP: Gold declined for a second day, retreating from the highest price in more than six months, as better-than-estimated U.S. factory production data curbed haven demand before the Federal Reserve meets today.
GLOBAL EVENTS TO WATCH: Monetary Policy Meeting Minutes, German ZEW Economic Sentiment, Manufacturing Sales m/m, Building Permits, Core CPI m/m, CPI m/m, Housing Starts, TIC Long-Term Purchases, BOC Gov Poloz Speaks, BOE Gov Carney Speaks.
AGRI COMMODITY | BULLION COMMODITY |
CS
CHANA (APRIL) OVERVIEW:
TREND
CONSOLIDATE
SUP1:3180
SUP2:3115
RESIST1:3300
RESIST2:3475
TRADING
STRATEGY:BUY ON DIPS
CAPITALSTARS.COM
+919200099927 +919977499927 |
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
SUP1:10000
SUP2:9800
RESIST1:10490
RESIST2:10650
TRADING
STRATEGY: SELL ON RISE
CAPITALSTAR0S.COM
+919200099927 |
CS
CRUDE (MARCH) OVERVIEW:
TREND
CONSOLIDATE
SUP1:5930
SUP2:5820
RESIST1:6100
RESIST2:6156
TRADING
STRATEGY: SELL ON RISE
CAPITALSTARS.COM
+919200099927 |
CS
TURMERIC (APRIL) OVERVIEW:
TREND
BEARISH
SUP1:6700
SUP2:6610
RESIST1:6922
RESIST2:7022
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
SUP1:4115
SUP2:4040
RESIST1:4278
RESIST2:4340
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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