DAILY COMMODITY MARKET STRATEGY-14 APR
BASE METAL WRAP: Nickel advanced for an 11th day to the highest level since February 2013 on concern that Indonesia’s ban on unprocessed ore exports will limit global supplies and as tensions escalated between Ukraine and Russia.
ENERGY WRAP: Brent crude advanced for the first time in three days and West Texas Intermediate extended gains as tension escalated between Ukraine and Russia, fanning concern that energy supplies in Europe may be disrupted.
PRECIOUS METAL WRAP: Gold jumped to a three-week high on Monday as mounting tensions in Ukraine curbed investor appetite for risk, sending equities lower and boosting bullion's appeal as an insurance asset.
GLOBAL EVENTS TO WATCH: Core Retail Sales m/m, Retail Sales m/m, Business Inventories m/m, FOMC Member Tarullo Speaks.
ENERGY WRAP: Brent crude advanced for the first time in three days and West Texas Intermediate extended gains as tension escalated between Ukraine and Russia, fanning concern that energy supplies in Europe may be disrupted.
PRECIOUS METAL WRAP: Gold jumped to a three-week high on Monday as mounting tensions in Ukraine curbed investor appetite for risk, sending equities lower and boosting bullion's appeal as an insurance asset.
GLOBAL EVENTS TO WATCH: Core Retail Sales m/m, Retail Sales m/m, Business Inventories m/m, FOMC Member Tarullo Speaks.
BULLION COMMODITY |
CS
COPPER (APRIL) OVERVIEW:
TREND
CONSOLIDATE
SUP1:400
SUP2:395
RESIST1:412
RESIST2:414
TRADING
STRATEGY: SELL ON RISE
CAPITALSTARS.COM
+919200099927 |
CS
CRUDE (APRIL) OVERVIEW:
TREND
CONSOLIDATE
SUP1:6210
SUP2:6170
RESIST1:6330
RESIST2:6430
TRADING
STRATEGY: BUY ON DIPS
CAPITALSTARS.COM
+919200099927 |
CS
GOLD (JUNE) OVERVIEW:
TREND
CONSOLIDATE
SUP1:28650
SUP2:28350
RESIST1:29050
RESIST2:29270
TRADING
STRATEGY: BUY ON DIPS
CAPITALSTARS.COM
+919200099927 |
CS
SILVER (MAY) OVERVIEW:
TREND
CONSOLIDATE
SUP1:42400
SUP2:40500
RESIST1:44200
RESIST2:44800
TRADING
STRATEGY: BUY ON DIPS
CAPITALSTARS.COM
+919200099927 |
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