Tuesday 31 December 2013

COMMODITY MARKET TREND - 01 JANUARY 2014

BASE METAL WRAP: Copper prices fell in London, capping a 7.2 percent annual decline, as inventories in 2013 climbed for the first time in four years. 
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ENERGY WRAP: Natural gas fell by the most in eight months, trimming the biggest annual increase since 2005, as forecasts for moderating cold signaled reduced demand for heating fuels after frigid weather this week.
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PRECIOUS METAL WRAP: Hedge funds got less bullish on gold for the seventh time in eight weeks as the U.S. economy strengthens and inflation fails to accelerate, driving prices to the biggest annual drop in more than three decades.
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GLOBAL EVENTS TO WATCH: Manufacturing PMI, Bank Holiday.
Agri Commodity Market Update
CS CHANA ( JAN) OVERVIEW:
TREND CONSOLIDATE
SUP1:2985
SUP2:2950
RESIST1:3172   
RESIST2:3194
TRADING STRATEGY: BUY ON DIPS
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CS JEERA (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:12460
SUP2:12370
RESIST1:12690
RESIST2:12950
TRADING STRATEGY: SELL ON RISE

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CS TURMERIC (APRIL) OVERVIEW:
TREND BULLISH
SUP1:6490
SUP2:6210
RESIST1:6700
RESIST2:6810
TRADING STRATEGY: BUY ON DIPS

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CS SOYABEAN (JAN) OVERVIEW:
TREND CONSOLIDATE
SUP1:3810
SUP2:3760
RESIST1:3920
RESIST2:3950
TRADING STRATEGY: SELL ON RISE
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Bullion Commodity Market Update.
CS COPPER (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:464
SUP2:462
RESIST1:474
RESIST2:482
TRADING STRATEGY: BUY ON DIPS

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CS CRUDE (JAN.) OVERVIEW:
TREND CONSOLIDATE
SUP1:6050
SUP2:5970
RESIST1:6280
RESIST2:6350
TRADING STRATEGY: SELL ON RISE

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CS GOLD (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:27900
SUP2:27340
RESIST1:28700
RESIST2:28990
TRADING STRATEGY: SELL ON RISE

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CS SILVER (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:42400
SUP2:40760  
RESIST1:45230
RESIST2:45900
TRADING STRATEGY: SELL ON RISE
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4 comments :

  1. Very nice blog posting,Good trading idea in stock and commodity market.i suggest to everyone please watch this blog daily.
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  2. Nice blog and great information you have provided in this blog. now a days market is not good for inverters because commodity market is getting down day by day as seen in this blog. I thing take a guide from the broker before invest in commodity market would be the best option..

    ReplyDelete
  3. Today’s Trend for Stock
    BUY MUTHOOT FINANCE ABOVE 138 TG-139/141/144 SL-136
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    ReplyDelete
    Replies
    1. thanks dear sneha!!!
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