DAILY COMMODITY MARKET STRATEGY-13 FEB
BASE METAL WRAP: Copper futures advanced on Wednesday, after upbeat Chinese trade data eased fears over a slowdown in the world’s second-largest economy.
ENERGY WRAP: West Texas Intermediate crude slid amid speculation that its advance to the highest price in almost four months was excessive. Natural gas futures retreated in New York on speculation that a winter storm in the East this week will give way to milder weather that will reduce demand for the heating fuel.
PRECIOUS METAL WRAP: Gold held near the highest level in three months as investors weighed prospects for further cuts to U.S. stimulus and signs of waning physical demand. Silver headed for the longest run of advances since 2008.
GLOBAL EVENTS TO WATCH: Employment Change, Unemployment Rate, Core Retail Sales m/m, Retail Sales m/m, Unemployment Claims, Business Inventories m/m, Natural Gas Storage, 30-y Bond Auction.
 
 
 
 
ENERGY WRAP: West Texas Intermediate crude slid amid speculation that its advance to the highest price in almost four months was excessive. Natural gas futures retreated in New York on speculation that a winter storm in the East this week will give way to milder weather that will reduce demand for the heating fuel.
PRECIOUS METAL WRAP: Gold held near the highest level in three months as investors weighed prospects for further cuts to U.S. stimulus and signs of waning physical demand. Silver headed for the longest run of advances since 2008.
GLOBAL EVENTS TO WATCH: Employment Change, Unemployment Rate, Core Retail Sales m/m, Retail Sales m/m, Unemployment Claims, Business Inventories m/m, Natural Gas Storage, 30-y Bond Auction.
| 
   COMMODITY | 
  
   Agri
   COMMODITY | 
 
| 
    
CS
   COPPER (FEB.) OVERVIEW: 
TREND
   CONSOLIDATE 
SUP1:444 
SUP2:441 
RESIST1:449 
RESIST2:453 
TRADING
   STRATEGY: BUY ON DIPS 
CAPITALSTARS.COM
   +919200099927 | 
  
    
CS
   CHANA (APRIL) OVERVIEW: 
TREND
   CONSOLIDATE 
SUP1:2950 
SUP2:2875  
RESIST1:3090 
RESIST2:3124 
TRADING
   STRATEGY: BUY ON DIPS 
CAPITALSTARS.COM
   +919200099927 
    | 
 
| 
    
CS
   CRUDE (FEB.) OVERVIEW: 
TREND
   CONSOLIDATE 
SUP1:6160 
SUP2:6040 
RESIST1:6368 
RESIST2:6470 
TRADING
   STRATEGY: BUY ON DIPS 
CAPITALSTARS.COM
   +919200099927 | 
  
    
CS
   JEERA (MARCH) OVERVIEW: 
TREND
   CONSOLIDATE 
SUP1:11675 
SUP2:11460 
RESIST1:12270 
RESIST2:12470 
TRADING
   STRATEGY: SELL ON RISE 
CAPITALSTAR0S.COM
   +919200099927 | 
 
| 
    
CS
   GOLD (APRIL) OVERVIEW: 
TREND
   CONSOLIDATE 
SUP1:28890 
SUP2:28720 
RESIST1:29260 
RESIST2:29480 
TRADING
   STRATEGY: BUY ON DIPS 
CAPITALSTARS.COM
   +919200099927 | 
  
    
CS
   TURMERIC (APRIL) OVERVIEW: 
TREND
   BULLISH 
SUP1:6950 
SUP2:6880 
RESIST1:7390 
RESIST2:7530 
TRADING
   STRATEGY: BUY ON DIPS 
CAPITALSTARS.COM
   +919200099927 | 
 
| 
    
CS
   SILVER (MARCH) OVERVIEW: 
TREND
   CONSOLIDATE 
SUP1:44150 
SUP2:43400  
RESIST1:45750 
RESIST2:45950 
TRADING
   STRATEGY: BUY ON DIPS 
CAPITALSTARS.COM
   +919200099927 | 
  
    
CS
   SOYABEAN (MARCH) OVERVIEW: 
TREND
   CONSOLIDATE 
SUP1:3820 
SUP2:3780 
RESIST1:3922 
RESIST2:3967 
TRADING
   STRATEGY: BUY ON DIPS 
CAPITALSTARS.COM
   +919200099927 | 
 

No comments:
Post a Comment