BASE METAL WRAP:
Copper swung between gains and losses as investors weighed indications of strong demand against consensus of increasing supplies next year.
ENERGY WRAP:
West Texas Intermediate fell for a fourth day after industry data showed crude stockpiles rose for a ninth week in the U.S., the world’s biggest oil consumer.
PRECIOUS METAL WRAP:
Gold traded little changed on speculation that prices near a four-month low may lure buyers and as investors assessed the timing of a reduction in stimulus by the Federal Reserve.
GLOBAL EVENTS TO WATCH:
Second Estimate GDP q/q, Core Durable Goods Orders m/m, Unemployment Claims, Durable Goods Orders m/m, Chicago PMI, Revised UoM Consumer Sentiment, Revised UoM Inflation Expectations, CB Leading Index m/m, Crude Oil Inventories, Natural Gas Storage.
Copper swung between gains and losses as investors weighed indications of strong demand against consensus of increasing supplies next year.
ENERGY WRAP:
West Texas Intermediate fell for a fourth day after industry data showed crude stockpiles rose for a ninth week in the U.S., the world’s biggest oil consumer.
PRECIOUS METAL WRAP:
Gold traded little changed on speculation that prices near a four-month low may lure buyers and as investors assessed the timing of a reduction in stimulus by the Federal Reserve.
GLOBAL EVENTS TO WATCH:
Second Estimate GDP q/q, Core Durable Goods Orders m/m, Unemployment Claims, Durable Goods Orders m/m, Chicago PMI, Revised UoM Consumer Sentiment, Revised UoM Inflation Expectations, CB Leading Index m/m, Crude Oil Inventories, Natural Gas Storage.
Commodity market
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CS COPPER (NOV.) OVERVIEW:TREND CONSOLIDATE SUP1:438 SUP2:436 RESIST1:447 RESIST2:451 TRADING STRATEGY: SELL ON RISE ----------------------------- CS CRUDE (DEC.) OVERVIEW: TREND BEARISH 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 RESIST1:45340 RESIST2:45950 TRADING STRATEGY: SELL ON RISE |
Agri Market
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CS CHANA (DEC.) OVERVIEW:TREND CONSOLIDATE SUP1:3055 SUP2:3009 RESIST1:3087 RESIST2:3140 TRADING STRATEGY: SELL ON RISE ------------------------------ CS JEERA (DEC.) OVERVIEW: TREND CONSOLIDATE SUP1:12500 SUP2:12300 RESIST1:12930 RESIST2:13000 TRADING STRATEGY: BUY ON DIPS ------------------------------ 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 RESIST1:3950 RESIST2:3990 TRADING STRATEGY: BUY ON DIPS |
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