DAILY COMMODITY MARKET STRATEGY-13 Oct 2014

Commodity Tips
BASE METAL WRAP: Industrial metals advanced amid speculation demand will be sustained as trade data from China, the biggest user, beat expectations and Premier Li Keqiang said the nation sees growth this year hitting its 7.5 percent target.

ENERGY WRAP: Brent crude’s biggest slump in two years is coming to an end as the most timely measure of supply and demand signals a glut is clearing.

PRECIOUS METAL WRAP: Gold climbed to the highest level in almost four weeks as concern that global growth is slowing stoked bets the U.S. Federal Reserve may push back interest-rate increases, boosting demand for a store of wealth.

GLOBAL EVENTS TO WATCH: Trade Balance, Euro group Meetings.
AGRI COMMODITY
BULLION COMMODITY
CS CHANA (NOVEMBER) OVERVIEW:
TREND CONSOLIDATE
SUP1:2870
SUP2:2840
RESIST1:2945
RESIST2:2970
TRADING STRATEGY: BUY ON DIPS
CS COPPER (NOVEMBER) OVERVIEW:
TREND CONSOLIDATE
SUP1:409
SUP2:407
RESIST1:418
RESIST2:422
TRADING STRATEGY: SELL ON RISE
CS JEERA (NOVEMBER) OVERVIEW:
TREND BEARISH
SUP1:10590
SUP2:10520
RESIST1:10920
RESIST2:11110
TRADING STRATEGY: SELL ON RISE
CS CRUDE (OCTOBER) OVERVIEW:
TREND BEARISH
SUP1:5064
SUP2:4925
RESIST1:5300
RESIST2:5378
TRADING STRATEGY: SELL ON RISE
CS TURMERIC (NOVEMBER) OVERVIEW:
TREND CONSOLIDATE
SUP1:5950
SUP2:5830
RESIST1:6200
RESIST2:6320
TRADING STRATEGY: BUY ON DIPS
CS GOLD (DECEMBER) OVERVIEW:
TREND CONSOLIDATE
SUP1:26650
SUP2:26450
RESIST1:27000
RESIST2:26840
TRADING STRATEGY: BUY ON DIPS
CS SOYABEAN (NOVEMBER) OVERVIEW:
TREND CONSOLIDATE
SUP1:2908
SUP2:2850
RESIST1:3004
RESIST2:3045
TRADING STRATEGY: SELL ON RISE
CS SILVER (DECEMBER) OVERVIEW:
TREND CONSOLIDATE
SUP1:38300
SUP2:38050
RESIST1:39200
RESIST2:39630
TRADING STRATEGY: BUY ON DIPS
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1 comment:

  1. Epic research commodity Pack : BUY GOLD ABOVE 27190 TGT 27215 ,27250,27290 SL BELOW 27134.

    ReplyDelete