DAILY COMMODITY MARKET STRATEGY-16 July 2014
BASE METAL WRAP: Zinc climbed to trade near a 35-month high amid shrinking stockpiles after economic growth expanded more than estimated in China, the world’s biggest consumer of base metals.
ENERGY WRAP: West Texas Intermediate rebounded from the lowest price since May as China’s economic growth exceeded forecasts and crude stockpiles shrank in the U.S., signaling increased demand from the world’s two biggest oil consumers. Brent was steady in London.
PRECIOUS METAL WRAP: Gold held below $1,300 an ounce as the outlook for higher borrowing costs in the U.S. strengthened the dollar and damped demand for an alternative investment. Silver rebounded after two days of losses.
GLOBAL EVENTS TO WATCH: CPI q/q, GDP q/y, Industrial Production y/y, Fixed Asset Investment ytd/y, NBS Press Conference, Retail Sales y/y, Average Earnings Index 3m/y, Claimant Count Change, Unemployment Rate, Manufacturing Sales m/m, PPI m/m, Core PPI m/m, TIC Long-Term Purchases, Capacity Utilization Rate, Industrial Production m/m, BOC Monetary Policy Report, BOC Rate Statement, Overnight Rate, Fed Chair Yellen Testifies, NAHB Housing Market Index, Crude Oil Inventories, BOC Press Conference, FOMC Member Fisher Speaks, Beige Book.
ENERGY WRAP: West Texas Intermediate rebounded from the lowest price since May as China’s economic growth exceeded forecasts and crude stockpiles shrank in the U.S., signaling increased demand from the world’s two biggest oil consumers. Brent was steady in London.
PRECIOUS METAL WRAP: Gold held below $1,300 an ounce as the outlook for higher borrowing costs in the U.S. strengthened the dollar and damped demand for an alternative investment. Silver rebounded after two days of losses.
GLOBAL EVENTS TO WATCH: CPI q/q, GDP q/y, Industrial Production y/y, Fixed Asset Investment ytd/y, NBS Press Conference, Retail Sales y/y, Average Earnings Index 3m/y, Claimant Count Change, Unemployment Rate, Manufacturing Sales m/m, PPI m/m, Core PPI m/m, TIC Long-Term Purchases, Capacity Utilization Rate, Industrial Production m/m, BOC Monetary Policy Report, BOC Rate Statement, Overnight Rate, Fed Chair Yellen Testifies, NAHB Housing Market Index, Crude Oil Inventories, BOC Press Conference, FOMC Member Fisher Speaks, Beige Book.
|
AGRI
COMMODITY
|
BULLION
COMMODITY
|
|
CS
CHANA (AUGUST) OVERVIEW:
TREND
CONSOLIDATE
SUP1:2820
SUP2:2740
RESIST1:2925
RESIST2:3020
TRADING
STRATEGY: SELL ON RISE |
CS
COPPER (AUG) OVERVIEW:
TREND
CONSOLIDATE
SUP1:430
SUP2:428
RESIST1:437
RESIST2:440
TRADING
STRATEGY: SELL ON RISE |
|
CS
JEERA (AUGUST) OVERVIEW:
TREND
CONSOLIDATE
SUP1:11400
SUP2:11250
RESIST1:11850
RESIST2:12100
TRADING
STRATEGY: SELL ON RISE |
CS
CRUDE (JULY) OVERVIEW:
TREND
CONSOLIDATE
SUP1:5950
SUP2:5930
RESIST1:6150
RESIST2:6205
TRADING
STRATEGY: SELL ON RISE |
|
CS
TURMERIC (AUGUST) OVERVIEW:
TREND
CONSOLIDATE
SUP1:6316
SUP2:6164
RESIST1:6830
RESIST2:7000
TRADING
STRATEGY: BUY ON DIPS |
CS
GOLD (AUG) OVERVIEW:
TREND
CONSOLIDATE
SUP1:27350
SUP2:27170
RESIST1:27950
RESIST2:28250
TRADING
STRATEGY: SELL ON RISE |
|
CS
SOYABEAN (OCTOBER) OVERVIEW:
TREND
BEARISH
SUP1:3660
SUP2:3590
RESIST1:3780
RESIST2:3870
TRADING
STRATEGY: SELL ON RISE |
CS
SILVER (SEPTEMBER) OVERVIEW:
TREND
CONSOLIDATE
SUP1:44280
SUP2:43750
RESIST1:45300
RESIST2:45980
TRADING
STRATEGY: SELL ON RISE |
Capitalstars Financial Research Private Limited is a research house and an investment advisory group.
No comments:
Post a Comment