DAILY COMMODITY MARKET STRATEGY-31st JULY 2014
BASE METAL WRAP: London copper was underpinned on Thursday by indications that the U.S. Federal Reserve is not hurrying to raise interest rates, even as the world's top economy logged robust second quarter growth that brightened the outlook for demand.
ENERGY WRAP: West Texas Intermediate crude dropped to a two-week low after a government report showed that U.S. gasoline supplies gained as demand slipped.
PRECIOUS METAL WRAP: Gold retreated for a fourth day to head for a monthly decline as further signs that the U.S. recovery is gaining momentum strengthened the case for higher borrowing costs in the world’s largest economy.
GLOBAL EVENTS TO WATCH: Building Approvals m/m, CPI Flash Estimate y/y, Challenger Job Cuts y/y, GDP m/m, Unemployment Claims, Employment Cost Index q/q, Chicago PMI, Natural Gas Storage.
For more details call us: 0731-6669900
Click here: capitalstars.com
ENERGY WRAP: West Texas Intermediate crude dropped to a two-week low after a government report showed that U.S. gasoline supplies gained as demand slipped.
PRECIOUS METAL WRAP: Gold retreated for a fourth day to head for a monthly decline as further signs that the U.S. recovery is gaining momentum strengthened the case for higher borrowing costs in the world’s largest economy.
GLOBAL EVENTS TO WATCH: Building Approvals m/m, CPI Flash Estimate y/y, Challenger Job Cuts y/y, GDP m/m, Unemployment Claims, Employment Cost Index q/q, Chicago PMI, Natural Gas Storage.
For more details call us: 0731-6669900
Click here: capitalstars.com
BULLIONS
COMMODITY |
AGRI
COMMODITY |
CS
COPPER (AUG) OVERVIEW:
TREND
CONSOLIDATE
SUP1:428
SUP2:425
RESIST1:435
RESIST2:438
TRADING
STRATEGY: BUY ON DIPS
WWW.CAPITALSTARS.COM
+917316790000 |
CS
CHANA (AUGUST) OVERVIEW:
TREND
CONSOLIDATE
SUP1:2840
SUP2:2795
RESIST1:2900
RESIST2:2926
TRADING
STRATEGY: SELL ON RISE
WWW.CAPITALSTARS.COM
+917316790000 |
CS
CRUDE (AUGUST) OVERVIEW:
TREND
CONSOLIDATE
SUP1:6010
SUP2:5950
RESIST1:6150
RESIST2:6250
TRADING
STRATEGY: SELL ON RISE
WWW.CAPITALSTARS.COM
+917316790000 |
CS
JEERA (AUGUST) OVERVIEW:
TREND
CONSOLIDATE
SUP1:11100
SUP2:11000
RESIST1:11570
RESIST2:11780
TRADING
STRATEGY: SELL ON RISE
WWW.CAPITALSTARS.COM
+917316790000 |
CS
GOLD (AUG) OVERVIEW:
TREND
CONSOLIDATE
SUP1:27600
SUP2:27300
RESIST1:28100
RESIST2:28400
TRADING
STRATEGY: SELL ON RISE
WWW.CAPITALSTARS.COM
+917316790000 |
CS
TURMERIC (AUGUST) OVERVIEW:
TREND
CONSOLIDATE
SUP1:6370
SUP2:6300
RESIST1:6600
RESIST2:6700
TRADING
STRATEGY: BUY ON DIPS
WWW.CAPITALSTARS.COM
+917316790000 |
CS
SILVER (SEPTEMBER) OVERVIEW:
TREND
CONSOLIDATE
SUP1:43600
SUP2:42900
RESIST1:44800
RESIST2:45300
TRADING
STRATEGY: SELL ON RISE
WWW.CAPITALSTARS.COM
+917316790000 |
CS
SOYABEAN (OCTOBER) OVERVIEW:
TREND
CONSOLIDATE
SUP1:3580
SUP2:3500
RESIST1:3650
RESIST2:3700
TRADING
STRATEGY: SELL ON RISE
WWW.CAPITALSTARS.COM
+917316790000 |
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