DAILY COMMODITY MARKET STRATEGY-2 APR
BASE METAL WRAP: Copper climbed for a second day to a three-week high on concern that an earthquake in Chile, the world’s biggest producer, may disrupt supplies.
ENERGY WRAP: West Texas Intermediate crude fell the most since March 12 on speculation that U.S. inventories gained for an 11th week and as a gauge of manufacturing rose less than expected. Brent slipped.
PRECIOUS METAL WRAP: Gold posted the longest slump in more than four months as U.S. stocks rose to a record, crimping demand for the precious metal as a haven asset.
GLOBAL EVENTS TO WATCH: Building Approvals m/m, Construction PMI, ADP Non-Farm Employment Change, Factory Orders m/m, Crude Oil Inventories.
AGRI COMMODITY |
BULLION COMMODITY |
CS
CHANA (MAY) OVERVIEW:
TREND
CONSOLIDATE
SUP1:3300
SUP2:3260
RESIST1:3400
RESIST2:3460
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
SUP1:5920
SUP2:5828
RESIST1:6080
RESIST2:6150
TRADING
STRATEGY: SELL ON RISE
CAPITALSTARS.COM
+919200099927 |
CS
TURMERIC (APRIL) OVERVIEW:
TREND
BEARISH
SUP1:6070
SUP2:5980
RESIST1:6390
RESIST2:6510
TRADING
STRATEGY: SELL ON RISE
CAPITALSTARS.COM
+919200099927 |
CS
GOLD (JUNE) OVERVIEW:
TREND
BEARISH
SUP1:27500
SUP2:27280
RESIST1:28000
RESIST2:28200
TRADING
STRATEGY: SELL ON RISE
CAPITALSTARS.COM
+919200099927 |
CS
SOYABEAN (MAY) OVERVIEW:
TREND
BULLISH
SUP1:4140
SUP2:4115
RESIST1:4375
RESIST2:4476
TRADING
STRATEGY: BUY ON DIPS
CAPITALSTARS.COM
+919200099927 |
CS
SILVER (MAY) OVERVIEW:
TREND
BEARISH
SUP1:42400
SUP2:40500
RESIST1:43400
RESIST2:44200
TRADING
STRATEGY: SELL ON RISE
CAPITALSTARS.COM
+919200099927 |
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