DAILY COMMODITY MARKET STRATEGY-9 APR

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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
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CS COPPER (APRIL) OVERVIEW:
TREND CONSOLIDATE
SUP1:395
SUP2:392
RESIST1:409
RESIST2:411
TRADING STRATEGY: SELL ON RISE
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CS JEERA (MAY) OVERVIEW:
TREND BEARISH
SUP1:9780
SUP2:9340
RESIST1:10450
RESIST2:10700
TRADING STRATEGY: SELL ON RISE
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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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