Monday 25 November 2013

COMMODITY MARKET STRATEGY 26 NOVEMBER 2013

BASE METAL WRAP:
Copper declined from the highest in two weeks on concern that the U.S. Federal Reserve may start tapering stimulus in coming months, reducing the demand prospect for the metal.
ENERGY WRAP:
West Texas Intermediate crude fell for a second day after Iran and world powers reached an interim accord on its nuclear program.
PRECIOUS METAL WRAP:
Gold rebounded from a four-month low to the highest level in almost a week as the dollar weakened and lower prices spurred demand in China, the second-largest consumer, countering outflows from exchange-traded products.
GLOBAL EVENTS TO WATCH:
Inflation Report Hearings, Building Permits, Housing Starts, Building Permits, Housing Starts, S&P/CS Composite-20 HPI y/y, HPI m/m, CB Consumer Confidence, Richmond Manufacturing Index.


Commodity market
---------------------------
CS COPPER (NOV.) OVERVIEW:
TREND CONSOLIDATE
SUP1:438
SUP2:436
RESIST1:447
RESIST2:451
TRADING STRATEGY: SELL ON RISE -----------------------------------------------
CS CRUDE (DEC.) OVERVIEW:
TREND CONSOLIDATE
SUP1:5797
SUP2:5752
RESIST1:5955
RESIST2:6063
TRADING STRATEGY: SELL ON RISE
---------------------------------------------------
CS GOLD (DEC.) OVERVIEW:
TREND CONSOLIDATE
SUP1:29480
SUP2:29275
RESIST1:30500
RESIST2:30840
TRADING STRATEGY: SELL ON RISE ------------------------------------------------
CS SILVER (DEC.) OVERVIEW:
TREND CONSOLIDATE
SUP1:43925
SUP2:42600
RESIST1:45540
RESIST2:45950
TRADING STRATEGY: SELL ON RISE
Agri Market
--------------------------
CS CHANA (DEC.) OVERVIEW:
TREND CONSOLIDATE
SUP1:3055
SUP2:3009
RESIST1:3160
RESIST2:3225
TRADING STRATEGY: SELL ON RISE
----------------------------------------------
CS JEERA (DEC.) OVERVIEW:
TREND CONSOLIDATE
SUP1:12500
SUP2:12300
RESIST1:12700
RESIST2:13000
TRADING STRATEGY: SELL ON RISE
-------------------------------------------------
CS TURMERIC (DEC.) OVERVIEW:
TREND CONSOLIDATE
SUP1:5044
SUP2:4946
RESIST1:5420
RESIST2:5500
TRADING STRATEGY: BUY ON DIPS ----------------------------------------------
CS SOYABEAN (DEC.) OVERVIEW:
TREND CONSOLIDATE
SUP1:3800
SUP2:3740
RESIST1:3990
RESIST2:4020
TRADING STRATEGY: BUY ON DIPS 

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