DAILY COMMODITY MARKET STRATEGY-5 MAY
BASE METAL WRAP: Copper futures in Shanghai advanced to near an eight-week high as tight supply pushed prices higher in the world’s biggest user of the metal.
ENERGY WRAP: Brent traded near a three-day high as concern that the crisis in Ukraine may disrupt Europe’s energy supplies countered increased signs of a slowing economy in China. West Texas Intermediate was steady in New York.
PRECIOUS METAL WRAP: Gold jumped to the highest level in almost three weeks, extending its biggest advance in a month, as escalating tension in Ukraine boosted haven demand.
GLOBAL EVENTS TO WATCH: Final Services PMI, ISM Non-Manufacturing PMI, Loan Officer Survey, Trade Balance.
ENERGY WRAP: Brent traded near a three-day high as concern that the crisis in Ukraine may disrupt Europe’s energy supplies countered increased signs of a slowing economy in China. West Texas Intermediate was steady in New York.
PRECIOUS METAL WRAP: Gold jumped to the highest level in almost three weeks, extending its biggest advance in a month, as escalating tension in Ukraine boosted haven demand.
GLOBAL EVENTS TO WATCH: Final Services PMI, ISM Non-Manufacturing PMI, Loan Officer Survey, Trade Balance.
AGRI
COMMODITY
|
BULLION
COMMODITY
|
CS
CHANA (JUNE) OVERVIEW:
TREND
CONSOLIDATE
SUP1:3040
SUP2:2960
RESIST1:3115
RESIST2:3200
TRADING
STRATEGY: SELL ON RISE
CAPITALSTARS.COM
+919200099927 +919977499927 |
CS
COPPER (JUNE) OVERVIEW:
TREND
BEARISH
SUP1:
405
SUP2:401
RESIST1:414
RESIST2:418
TRADING
STRATEGY: SELL ON RISE
CAPITALSTARS.COM
+919200099927 |
CS
JEERA (JUNE) OVERVIEW:
TREND
CONSOLIDATE
SUP1:10500
SUP2:10350
RESIST1:10755
RESIST2:10950
TRADING
STRATEGY: BUY ON DIPS
CAPITALSTARS.COM
+919200099927 |
CS
CRUDE (MAY) OVERVIEW:
TREND
CONSOLIDATE
SUP1:5930
SUP2:5825
RESIST1:6080
RESIST2:6180
TRADING
STRATEGY: SELL ON RISE
CAPITALSTARS.COM
+919200099927 |
CS
TURMERIC (JUNE) OVERVIEW:
TREND
CONSOLIDATE
SUP1:6630
SUP2:6470
RESIST1:7004
RESIST2:7270
TRADING
STRATEGY: SELL ON RISE
CAPITALSTARS.COM
+919200099927 |
CS
GOLD (JUNE) OVERVIEW:
TREND
CONSOLIDATE
SUP1:28400
SUP2:28200
RESIST1:29020
RESIST2:29300
TRADING
STRATEGY: BUY ON DIPS
CAPITALSTARS.COM
+919200099927 |
CS
SOYABEAN (JUNE) OVERVIEW:
TREND
BULLISH
SUP1:4640
SUP2:4505
RESIST1:4870
RESIST2:5080
TRADING
STRATEGY: BUY ON DIPS
CAPITALSTARS.COM
+919200099927 |
CS
SILVER (JULY) OVERVIEW:
TREND
CONSOLIDATE
SUP1:41300
SUP2:39950
RESIST1:43000
RESIST2:43560
TRADING
STRATEGY: BUY ON DIPS
CAPITALSTARS.COM
+919200099927 |
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