DAILY COMMODITY MARKET STRATEGY-22 APR
BASE METAL WRAP: Nickel advanced for a third day to a 14-month high on concern that escalating tensions in Ukraine may disrupt supplies from Russia amid Indonesia’s ban on ore exports.
ENERGY WRAP: Brent crude traded near a seven-week high amid speculation that escalating tension between the U.S. and Russia over Ukraine may disrupt energy supplies to Europe. West Texas Intermediate in New York was steady.
PRECIOUS METAL WRAP: Gold fell for a sixth day toward the lowest level in more than two weeks on signs of an improving U.S. economy as assets in the largest exchange-traded product sank to a 12-week low.
GLOBAL EVENTS TO WATCH: HPI m/m, Existing Home Sales, Richmond Manufacturing Index.
ENERGY WRAP: Brent crude traded near a seven-week high amid speculation that escalating tension between the U.S. and Russia over Ukraine may disrupt energy supplies to Europe. West Texas Intermediate in New York was steady.
PRECIOUS METAL WRAP: Gold fell for a sixth day toward the lowest level in more than two weeks on signs of an improving U.S. economy as assets in the largest exchange-traded product sank to a 12-week low.
GLOBAL EVENTS TO WATCH: HPI m/m, Existing Home Sales, Richmond Manufacturing Index.
AGRI COMMODITY |
BULLION COMMODITY |
CS
CHANA (MAY) OVERVIEW:
TREND
CONSOLIDATE
SUP1:3040
SUP2:2975
RESIST1:3210
RESIST2:3260
TRADING
STRATEGY: SELL ON RISE
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
RESIST1:10325
RESIST2:10450
TRADING
STRATEGY: BUY ON DIPS
CAPITALSTARS.COM
+919200099927 |
CS
CRUDE (MAY) OVERVIEW:
TREND
CONSOLIDATE
SUP1:6210
SUP2:6148
RESIST1:6340
RESIST2:6420
TRADING
STRATEGY: BUY ON DIPS
CAPITALSTARS.COM
+919200099927 |
CS
TURMERIC (APRIL) OVERVIEW:
TREND
BULLISH
SUP1:6810
SUP2:6600
RESIST1:7050
RESIST2:7320
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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