DAILY COMMODITY MARKET STRATEGY-17 APR

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BASE METAL WRAP: Nickel extended gains after surpassing $18,000 a metric ton for the first time in more than a year as the threat of sanctions against Russia and Indonesia’s ore export ban continued to stoke supply concerns.

ENERGY WRAP: West Texas Intermediate rose for a second day as concern over the escalating crisis in Ukraine outweighed data showing the biggest gain in U.S. crude supplies in more than a decade. Brent was steady in London.

PRECIOUS METAL WRAP:
Gold was above $1,300 an ounce, set for a weekly drop, as investors weighed signs of an improving U.S. economy against tension in Ukraine. Assets in the largest gold-backed exchange-traded product sank the most this year.

GLOBAL EVENTS TO WATCH:
BOJ Gov Kuroda Speaks, Core CPI m/m, Unemployment Claims, Philly Fed Manufacturing Index, Natural Gas Storage.
AGRI COMMODITY
BULLION COMMODITY
CS CHANA (MAY) OVERVIEW:
TREND CONSOLIDATE
SUP1:3040
SUP2:2975
RESIST1:3210
RESIST2:3260
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927 +919977499927
CS COPPER (APRIL) OVERVIEW:
TREND CONSOLIDATE
SUP1:400
SUP2:395
RESIST1:409
RESIST2:412
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927
CS JEERA (MAY) OVERVIEW:
TREND CONSOLIDATE
SUP1:9800
SUP2:9600
RESIST1:10220
RESIST2:10450
TRADING STRATEGY: BUY ON DIPS
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 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
SUP1:4345
SUP2:4285
RESIST1:4476
RESIST2:4500
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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