DAILY COMMODITY MARKET STRATEGY-8 Oct 2014

Commodity Tips
BASE METAL WRAP: Nickel fell for the first time in four days, leading most industrial metals lower, after a gauge of economic strength in China pointed to a slowdown and the International Monetary Fund cut its global growth forecast.

ENERGY WRAP: West Texas Intermediate extended declines from the lowest price in more than 17 months before a report that may show crude stockpiles rose in the U.S., the world’s biggest oil consumer. Brent dropped in London.

PRECIOUS METAL WRAP: Gold rose as the drop to this year’s low lured Chinese buyers returning from a weeklong break, while investors awaited minutes of the Federal Reserve’s last meeting. Platinum extended a rally from a five-year low.

GLOBAL EVENTS TO WATCH: FOMC Member Dudley Speaks, Consumer Credit m/m, HSBC Services PMI, Crude Oil Inventories, 10-y Bond Auction, FOMC Meeting Minutes. 
AGRI COMMODITY
BULLION COMMODITY
CS CHANA (NOVEMBER) OVERVIEW:
TREND CONSOLIDATE
SUP1:2830
SUP2:2780
RESIST1:2909
RESIST2:2950
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 (NOVEMBER) OVERVIEW:
TREND CONSOLIDATE
SUP1:10675
SUP2:10520
RESIST1:11040
RESIST2:11110
TRADING STRATEGY: SELL ON RISE
CS CRUDE (OCTOBER) OVERVIEW:
TREND BEARISH
SUP1:5400
SUP2:5290
RESIST1:5575
RESIST2:5677
TRADING STRATEGY: SELL ON RISE
CS TURMERIC (NOVEMBER) OVERVIEW:
TREND CONSOLIDATE
SUP1:5850
SUP2:5740
RESIST1:6090
RESIST2:6170
TRADING STRATEGY: SELL ON RISE
CS GOLD (DECEMBER) OVERVIEW:
TREND CONSOLIDATE
SUP1:26650
SUP2:26450
RESIST1:27200
RESIST2:27360
TRADING STRATEGY: SELL ON RISE
CS SOYABEAN (NOVEMBER) OVERVIEW:
TREND CONSOLIDATE
SUP1:2915
SUP2:2880
RESIST1:3045
RESIST2:3080
TRADING STRATEGY: SELL ON RISE
CS SILVER (DECEMBER) OVERVIEW:
TREND BEARISH
SUP1:38050
SUP2:37400
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: