DAILY COMMODITY MARKET STRATEGY-06 MAR 2014
ENERGY WRAP: West Texas Intermediate fell for a third day after U.S. government data showed distillate and crude stockpiles increased in the world’s biggest oil consumer.
PRECIOUS METAL WRAP: Gold prices fell in Asia on tensions easing between Russia and the Ukraine and continued profit taking from overnight leading the yellow metal lower on prospects for a weaker dollar.
GLOBAL EVENTS TO WATCH: Retail Sales m/m, Trade Balance, Asset Purchase Facility, Official Bank Rate, MPC Rate Statement, Challenger Job Cuts y/y, Minimum Bid Rate, FOMC Member Dudley Speaks, Building Permits m/m, ECB Press Conference, Unemployment Claims, Revised Nonfarm Productivity q/q, Revised Unit Labor Costs q/q, Ivey PMI, Factory Orders m/m, Natural Gas Storage, FOMC Member Plosser Speaks.
Agri
COMMODITY |
COMMODITY |
CS
CHANA (APRIL) OVERVIEW:
TREND
BULLISH
SUP1:3115
SUP2:3100
RESIST1:3240
RESIST2:3280
TRADING
STRATEGY:BUY ON DIPS
CAPITALSTARS.COM
+919200099927 +919977499927 |
CS
COPPER (APRIL) OVERVIEW:
TREND
CONSOLIDATE
SUP1:436
SUP2:435
RESIST1:440
RESIST2:444
TRADING
STRATEGY: BUY ON DIPS
CAPITALSTARS.COM
+919200099927 |
CS
JEERA (MARCH) OVERVIEW:
TREND
BEARISH
SUP1:11200
SUP2:10900
RESIST1:11500
RESIST2:11700
TRADING
STRATEGY: SELL ON RISE
CAPITALSTAR0S.COM
+919200099927 |
CS
CRUDE (MARCH) OVERVIEW:
TREND
CONSOLIDATE
SUP1:6150
SUP2:6050
RESIST1:6275
RESIST2:6310
TRADING
STRATEGY: BUY ON DIPS
CAPITALSTARS.COM
+919200099927 |
CS
TURMERIC (APRIL) OVERVIEW:
TREND
CONSOLIDATE
SUP1:7040
SUP2:6820
RESIST1:7300
RESIST2:7470
TRADING
STRATEGY: BUY ON DIPS
CAPITALSTARS.COM
+919200099927 |
CS
GOLD (APRIL) OVERVIEW:
TREND
CONSOLIDATE
SUP1:29880
SUP2:29750
RESIST1:30320
RESIST2:30680
TRADING
STRATEGY: BUY ON DIPS
CAPITALSTARS.COM
+919200099927 |
CS
SOYABEAN (MARCH) OVERVIEW:
TREND
BULLISH
SUP1:4115
SUP2:4040
RESIST1:4290
RESIST2:4410
TRADING
STRATEGY: BUY ON DIPS
CAPITALSTARS.COM
+919200099927 |
CS
SILVER (MAY) OVERVIEW:
TREND
CONSOLIDATE
SUP1:46000
SUP2:45700
RESIST1:47400
RESIST2:48400
TRADING
STRATEGY: SELL ON RISE
CAPITALSTARS.COM
+919200099927 |
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