DAILY COMMODITY MARKET STRATEGY-25 Sep 2014

Commodity Tips
BASE METAL WRAP: Industrial metals fell as the discovery of almost $10 billion in fraudulent trades in China raised speculation supplies may rise. Metals also sank as the U.S. dollar strengthened.

ENERGY WRAP: West Texas Intermediate traded near the highest price in almost a week as crude inventories shrank in the U.S., the world’s biggest oil consumer. Brent was steady in London.

PRECIOUS METAL WRAP: Gold fell toward an eight-month low as U.S. data that beat estimates reinforced expectations for higher borrowing costs, boosting the dollar. Platinum sank to the lowest since June 2013 while palladium and silver dropped.

GLOBAL EVENTS TO WATCH: RBA Gov Stevens Speaks, Core Durable Goods Orders m/m, Durable Goods Orders m/m, Unemployment Claims, BOE Gov Carney Speaks, Flash Services PMI, Natural Gas Storage.
AGRI COMMODITY
BULLION COMMODITY
CS CHANA (OCTOBER)) OVERVIEW:
TREND CONSOLIDATE
SUP1:2740
SUP2:2695
RESIST1:2830
RESIST2:2890
TRADING STRATEGY: SELL ON RISE
CS COPPER (NOVEMBER) OVERVIEW:
TREND CONSOLIDATE
SUP1:412
SUP2:407
RESIST1:418
RESIST2:422
TRADING STRATEGY: SELL ON RISE
CS JEERA (OCTOBER) OVERVIEW:
TREND BEARISH
SUP1:10380
SUP2:10300
RESIST1:10705
RESIST2:10940
TRADING STRATEGY: SELL ON RISE
CS CRUDE (OCTOBER) OVERVIEW:
TREND CONSOLIDATE
SUP1:5585
SUP2:5550
RESIST1:5700
RESIST2:5750
TRADING STRATEGY: BUY ON DIPS
CS TURMERIC (OCTOBER) OVERVIEW:
TREND BEARISH
SUP1:5740
SUP2:5600
RESIST1:6030
RESIST2:6170
TRADING STRATEGY: SELL ON RISE
CS GOLD (OCTOBER) OVERVIEW:
TREND BEARISH
SUP1:26290
SUP2:26000
RESIST1:27000
RESIST2:27120
TRADING STRATEGY: SELL ON RISE
CS SOYABEAN (OCTOBER) OVERVIEW:
TREND CONSOLIDATE
SUP1:3010
SUP2:2900
RESIST1:3170
RESIST2:3250
TRADING STRATEGY: SELL ON RISE
CS SILVER (DECEMBER) OVERVIEW:
TREND BEARISH
SUP1:38400
SUP2:37400
RESIST1:39900
RESIST2:40300
TRADING STRATEGY: SELL ON RISE
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Commodity Tips

1 comment:

  1. Epic research NCDEX Tips : BUY CHANA ABOVE 2815 TG 2828,2845,2865 SL BELOW 2789.

    ReplyDelete