DAILY COMMODITY MARKET STRATEGY-9 APR
BASE METAL WRAP: Zinc prices advanced to a four-week high on speculation that global economic gains forecast by the International Monetary Fund will spur demand for the metal amid declining supplies.
ENERGY WRAP: West Texas Intermediate crude rose to a one-month high on speculation that inventories at Cushing, Oklahoma, the delivery point for the contract, dropped for a 10th week. Brent gained.
PRECIOUS METAL WRAP: Gold rose 1 percent on a sharply lower dollar and as renewed tensions between the United States and Russia over Ukraine burnished bullion's safe-haven appeal.
GLOBAL EVENTS TO WATCH: Wholesale Inventories m/m, Crude Oil Inventories, 10-y Bond Auction, FOMC Meeting Minutes.
AGRI COMMODITY |
BULLION COMMODITY |
CS
CHANA (MAY) OVERVIEW:
TREND
CONSOLIDATE
SUP1:3075
SUP2:3040
RESIST1:3180
RESIST2:3260
TRADING
STRATEGY: SELL ON RISE
CAPITALSTARS.COM
+919200099927 +919977499927 |
CS
COPPER (APRIL) OVERVIEW:
TREND
CONSOLIDATE
SUP1:395
SUP2:392
RESIST1:409
RESIST2:411
TRADING
STRATEGY: SELL ON RISE
CAPITALSTARS.COM
+919200099927 |
CS
JEERA (MAY) OVERVIEW:
TREND
BEARISH
SUP1:9780
SUP2:9340
RESIST1:10450
RESIST2:10700
TRADING
STRATEGY: SELL ON RISE
CAPITALSTAR0S.COM
+919200099927 |
CS
CRUDE (APRIL) OVERVIEW:
TREND
CONSOLIDATE
SUP1:6040
SUP2:5990
RESIST1:6220
RESIST2:6330
TRADING
STRATEGY: BUY ON DIPS
CAPITALSTARS.COM
+919200099927 |
CS
TURMERIC (APRIL) OVERVIEW:
TREND
CONSOLIDATE
SUP1:6140
SUP2:6056
RESIST1:6480
RESIST2:6580
TRADING
STRATEGY: SELL ON RISE
CAPITALSTARS.COM
+919200099927 |
CS
GOLD (JUNE) OVERVIEW:
TREND
CONSOLIDATE
SUP1:28200
SUP2:27800
RESIST1:28800
RESIST2:29000
TRADING
STRATEGY: BUY ON DIPS
CAPITALSTARS.COM
+919200099927 |
CS
SOYABEAN (MAY) OVERVIEW:
TREND
CONSOLIDATE
SUP1:4350
SUP2:4290
RESIST1:4425
RESIST2:4476
TRADING
STRATEGY: BUY ON DIPS
CAPITALSTARS.COM
+919200099927 |
CS
SILVER (MAY) OVERVIEW:
TREND
CONSOLIDATE
SUP1:42400
SUP2:40500
RESIST1:43600
RESIST2:44200
TRADING
STRATEGY: BUY ON DIPS
CAPITALSTARS.COM
+919200099927 |
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