DAILY COMMODITY MARKET STRATEGY-29 APR

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BASE METAL WRAP: Copper futures have closed slightly lower on the London Metal Exchange (LME), lacking clear direction as investors await a batch of economic news and data later in the week.

ENERGY WRAP: Brent crude swung between gains and losses after dropping the most in almost a month as Libya prepared to resume oil exports from the eastern port of Zueitina. West Texas Intermediate was steady in New York.

PRECIOUS METAL WRAP: Gold held a retreat below $1,300 an ounce, trimming a monthly rise, on speculation that the Federal Reserve will further reduce U.S. monetary stimulus as it starts a two-day policy meeting today.

GLOBAL EVENTS TO WATCH: Trade Balance, German Prelim CPI m/m, Prelim GDP q/q, S&P/CS Composite-20 HPI y/y, CB Consumer Confidence.
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
RESIST1:10800
RESIST2:11200
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS CRUDE (MAY) OVERVIEW:
TREND CONSOLIDATE
SUP1:6100
SUP2:6020
RESIST1:6210
RESIST2:6340
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS TURMERIC (MAY) OVERVIEW:
TREND CONSOLIDATE
SUP1:6920
SUP2:6868
RESIST1:7100
RESIST2:7320
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS GOLD (JUNE) OVERVIEW:
TREND CONSOLIDATE
SUP1:28760
SUP2:28525
RESIST1:29150
RESIST2:29260
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS SOYABEAN (MAY) OVERVIEW:
TREND BULLISH
SUP1:4650
SUP2:4535
RESIST1:4770
RESIST2:4850
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS SILVER (MAY) OVERVIEW:
TREND CONSOLIDATE
SUP1:42000
SUP2:41500
RESIST1:43100
RESIST2:43420
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927

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