DAILY COMMODITY MARKET STRATEGY-14 Oct 2014

Commodity Tips
BASE METAL WRAP: Nickel extended gains and copper rose from the highest level in a week before euro-region industrial output data and after better-than-expected trade figures from China, the world’s largest metals user.

ENERGY WRAP: West Texas Intermediate extended its rout from the lowest price in 22 months amid speculation that rising U.S. stockpiles are exacerbating a global glut that’s driven prices into a bear market. Brent fell in London.

PRECIOUS METAL WRAP: Gold traded near the highest level in almost four weeks as speculation the U.S. Federal Reserve may delay raising borrowing costs on slowing global growth hurt the dollar and boosted demand for a store of value.

GLOBAL EVENTS TO WATCH: NAB Business Confidence, CPI y/y, German ZEW Economic Sentiment, NFIB Small Business Index.

AGRI COMMODITY
BULLION COMMODITY
CS CHANA (NOVEMBER) OVERVIEW:
TREND CONSOLIDATE
SUP1:2890
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 CONSOLIDATE
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
SUP1:27000
SUP2:26840
RESIST1:27350
RESIST2:27500
TRADING STRATEGY: BUY ON DIPS
CS SOYABEAN (NOVEMBER) OVERVIEW:
TREND CONSOLIDATE
SUP1:2850
SUP2:2800
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: SELL ON RISE
Get Free Share Market Tips, MCX Tips Free Trial, NCDEX Tips, Commodity Tips, Nifty Futures Tips with profitable calls and tips.
Commodity Tips 

0 comments: