DAILY COMMODITY MARKET STRATEGY-25 APR
BASE METAL WRAP: London copper futures hit a seven-week high on Friday and were headed for their best week in about a month on firm demand in top market China, although growing tensions in Ukraine curbed further gains.
ENERGY WRAP: West Texas Intermediate headed for a weekly loss and its discount to London-traded Brent widened after crude stockpiles expanded to the most since 1931 in the U.S., the world’s largest oil user.
PRECIOUS METAL WRAP: Gold held above a 10-week low as rising tension in Ukraine stoked haven demand and buying increased in China, the world’s largest consumer. Palladium headed for a weekly advance.
GLOBAL EVENTS TO WATCH: Retail Sales m/m, Flash Services PMI, Revised UoM Consumer Sentiment, Revised UoM Inflation Expectations, SNB Chairman Jordan Speaks.
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:
414
SUP2:412
RESIST1:424
RESIST2:429
TRADING
STRATEGY: BUY ON DIPS
CAPITALSTARS.COM
+919200099927 |
CS
JEERA (MAY) OVERVIEW:
TREND
CONSOLIDATE
SUP1:10300
SUP2:10200
RESIST1:10740
RESIST2:11200
TRADING
STRATEGY: BUY ON DIPS
CAPITALSTARS.COM
+919200099927 |
CS
CRUDE (MAY) OVERVIEW:
TREND
CONSOLIDATE
SUP1:6195
SUP2:6140
RESIST1:6340
RESIST2:6420
TRADING
STRATEGY: BUY ON DIPS
CAPITALSTARS.COM
+919200099927 |
CS
TURMERIC (MAY) OVERVIEW:
TREND
BULLISH
SUP1:6810
SUP2:6600
RESIST1:7100
RESIST2:7320
TRADING
STRATEGY: BUY ON DIPS
CAPITALSTARS.COM
+919200099927 |
CS
GOLD (JUNE) OVERVIEW:
TREND
CONSOLIDATE
SUP1:28640
SUP2:28525
RESIST1:29000
RESIST2:29150
TRADING
STRATEGY: BUY ON DIPS
CAPITALSTARS.COM
+919200099927 |
CS
SOYABEAN (MAY) OVERVIEW:
TREND
BULLISH
SUP1:4345
SUP2:4285
RESIST1:4700
RESIST2:4800
TRADING
STRATEGY: BUY ON DIPS
CAPITALSTARS.COM
+919200099927 |
CS
SILVER (MAY) OVERVIEW:
TREND
CONSOLIDATE
SUP1:42470
SUP2:42070
RESIST1:42800
RESIST2:43830
TRADING
STRATEGY: BUY ON DIPS
CAPITALSTARS.COM
+919200099927 |
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