DAILY COMMODITY STRATEGY-16 APR
BASE METAL WRAP: Industrial metals fell on Tuesday as investors sold risky assets on worries about demand in top consumer China and on concern about tensions in Ukraine.
ENERGY WRAP: Brent crude fell for the first time in three days as Chinese data showing a reduced pace of economic growth countered concern that the crisis in Ukraine is escalating. West Texas Intermediate was steady.
PRECIOUS METAL WRAP: Gold retreated for a second day, extending the biggest drop in three weeks, on prospects for further cuts to the Federal Reserve’s stimulus program as the U.S economy shows signs of recovery. Silver fell.
GLOBAL EVENTS TO WATCH: FOMC Member Plosser Speaks, Treasury Currency Report, CPI q/q, FOMC Member Kocherlakota Speaks, GDP q/y, Industrial Production y/y, Fixed Asset Investment ytd/y, NBS Press Conference, Retail Sales y/y, BOJ Gov Kuroda Speaks, Claimant Count Change, Unemployment Rate, FOMC Member Stein Speaks, Building Permits, Housing Starts, Capacity Utilization Rate, Industrial Production m/m, BOC Monetary Policy Report, BOC Rate Statement, Overnight Rate, Crude Oil Inventories, BOC Press Conference, Fed Chair Yellen Speaks, FOMC Member Fisher Speaks, Beige Book.
ENERGY WRAP: Brent crude fell for the first time in three days as Chinese data showing a reduced pace of economic growth countered concern that the crisis in Ukraine is escalating. West Texas Intermediate was steady.
PRECIOUS METAL WRAP: Gold retreated for a second day, extending the biggest drop in three weeks, on prospects for further cuts to the Federal Reserve’s stimulus program as the U.S economy shows signs of recovery. Silver fell.
GLOBAL EVENTS TO WATCH: FOMC Member Plosser Speaks, Treasury Currency Report, CPI q/q, FOMC Member Kocherlakota Speaks, GDP q/y, Industrial Production y/y, Fixed Asset Investment ytd/y, NBS Press Conference, Retail Sales y/y, BOJ Gov Kuroda Speaks, Claimant Count Change, Unemployment Rate, FOMC Member Stein Speaks, Building Permits, Housing Starts, Capacity Utilization Rate, Industrial Production m/m, BOC Monetary Policy Report, BOC Rate Statement, Overnight Rate, Crude Oil Inventories, BOC Press Conference, Fed Chair Yellen Speaks, FOMC Member Fisher Speaks, Beige Book.
| AGRI COMMODITY | BULLION COMMODITY |
CS
CHANA (MAY) OVERVIEW:
TREND
CONSOLIDATE
SUP1:3040
SUP2:2975
RESIST1:3210
RESIST2:3260
TRADING
STRATEGY: BUY ON DIPS
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CS
COPPER (APRIL) OVERVIEW:
TREND
CONSOLIDATE
SUP1:395
SUP2:390
RESIST1:403
RESIST2:406
TRADING
STRATEGY: SELL ON RISE
CAPITALSTARS.COM
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CS
JEERA (MAY) OVERVIEW:
TREND
CONSOLIDATE
SUP1:9800
SUP2:9600
RESIST1:10220
RESIST2:10450
TRADING
STRATEGY: BUY ON DIPS
CAPITALSTAR0S.COM
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CS
CRUDE (APRIL) OVERVIEW:
TREND
CONSOLIDATE
SUP1:6210
SUP2:6170
RESIST1:6330
RESIST2:6430
TRADING
STRATEGY: BUY ON DIPS
CAPITALSTARS.COM
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CS
TURMERIC (APRIL) OVERVIEW:
TREND
BULLISH
SUP1:6480
SUP2:6320
RESIST1:6680
RESIST2:6870
TRADING
STRATEGY: BUY ON DIPS
CAPITALSTARS.COM
+919200099927 |
CS
GOLD (JUNE) OVERVIEW:
TREND
CONSOLIDATE
SUP1:28200
SUP2:27850
RESIST1:28670
RESIST2:28940
TRADING
STRATEGY: SELL ON RISE
CAPITALSTARS.COM
+919200099927 |
CS
SOYABEAN (MAY) OVERVIEW:
TREND
CONSOLIDATE
SUP1:4328
SUP2:4285
RESIST1:4430
RESIST2:4476
TRADING
STRATEGY: BUY ON DIPS
CAPITALSTARS.COM
+919200099927 |
CS
SILVER (MAY) OVERVIEW:
TREND
CONSOLIDATE
SUP1:41500
SUP2:40300
RESIST1:42800
RESIST2:43450
TRADING
STRATEGY: SELL ON RISE
CAPITALSTARS.COM
+919200099927 |
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