DAILY COMMODITY MARKET STRATEGY-07 OCT 2014
BASE METAL WRAP: Nickel held its advance to the highest level in more than a week, leading gains this month among the six main metals on the London Metal Exchange.
ENERGY WRAP: West Texas Intermediate held gains to trade above $90 a barrel before stockpile data that will signal the strength of fuel demand in the U.S., the world’s biggest oil consumer. Brent was steady in London.
PRECIOUS METAL WRAP: Gold retreated after climbing the most in two months as the dollar advanced toward a four-year high, reducing demand for an alternative investment. Platinum extended its rebound from a five-year low and palladium rallied.
GLOBAL EVENTS TO WATCH: Manufacturing Production m/m, Building Permits m/m, JOLTS Job Openings, IBD/TIPP Economic Optimism, FOMC Member Kocherlakota Speaks.
ENERGY WRAP: West Texas Intermediate held gains to trade above $90 a barrel before stockpile data that will signal the strength of fuel demand in the U.S., the world’s biggest oil consumer. Brent was steady in London.
PRECIOUS METAL WRAP: Gold retreated after climbing the most in two months as the dollar advanced toward a four-year high, reducing demand for an alternative investment. Platinum extended its rebound from a five-year low and palladium rallied.
GLOBAL EVENTS TO WATCH: Manufacturing Production m/m, Building Permits m/m, JOLTS Job Openings, IBD/TIPP Economic Optimism, FOMC Member Kocherlakota Speaks.
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BULLIONS
COMMODITY |
AGRI
COMMODITY |
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CS
COPPER (NOVEMBER) OVERVIEW:
TREND
CONSOLIDATE
SUP1:412
SUP2:407
RESIST1:419
RESIST2:422
TRADING
STRATEGY: SELL ON RISE
WWW.CAPITALSTARS.COM
+917316790000 |
CS
CHANA (OCTOBER)) OVERVIEW:
TREND
CONSOLIDATE
SUP1:2740
SUP2:2695
RESIST1:2811
RESIST2:2830
TRADING
STRATEGY: SELL ON RISE
WWW.CAPITALSTARS.COM
+917316790000 |
|
CS
CRUDE (OCTOBER) OVERVIEW:
TREND
BEARISH
SUP1:5525
SUP2:5470
RESIST1:5677
RESIST2:5755
TRADING
STRATEGY: SELL ON RISE
WWW.CAPITALSTARS.COM
+917316790000 |
CS
JEERA (OCTOBER) OVERVIEW:
TREND
CONSOLIDATE
SUP1:10380
SUP2:10300
RESIST1:11040
RESIST2:11100
TRADING
STRATEGY: SELL ON RISE
WWW.CAPITALSTARS.COM
+917316790000 |
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CS
GOLD (DECEMBER) OVERVIEW:
TREND
BEARISH
SUP1:26450
SUP2:26300
RESIST1:26750
RESIST2:27100
TRADING
STRATEGY: SELL ON RISE
WWW.CAPITALSTARS.COM
+917316790000 |
CS
TURMERIC (OCTOBER) OVERVIEW:
TREND
CONSOLIDATE
SUP1:5850
SUP2:5740
RESIST1:6100
RESIST2:6180
TRADING
STRATEGY: SELL ON RISE
WWW.CAPITALSTARS.COM
+917316790000 |
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CS
SILVER (DECEMBER) OVERVIEW:
TREND
BEARISH
SUP1:38050
SUP2:37400
RESIST1:39100
RESIST2:39630
TRADING
STRATEGY: SELL ON RISE
WWW.CAPITALSTARS.COM
+917316790000 |
CS
SOYABEAN (OCTOBER) OVERVIEW:
TREND
CONSOLIDATE
SUP1:3000
SUP2:2895
RESIST1:3100
RESIST2:3154
TRADING
STRATEGY: SELL ON RISE
WWW.CAPITALSTARS.COM
+917316790000 |
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