BASE METAL WRAP: Copper
swung between gains and losses amid speculation about the timing of the
U.S. Federal Reserve’s tapering of stimulus and ahead of China’s
industrial production data.
ENERGY WRAP: West Texas Intermediate swung between gains and losses before a government report that is forecast to show crude inventories declined for a second week in the U.S., the world’s biggest oil consumer.
PRECIOUS METAL WRAP: Gold fluctuated as investors assessed whether the U.S. Federal Reserve will pare stimulus after signs of improvement in the labor market and hints of a reduction from a policy maker.
GLOBAL EVENTS TO WATCH: Industrial Production y/y, Fixed Asset Investment ytd/y, Retail Sales y/y, Manufacturing Production m/m, Industrial Production m/m, ECB President Draghi Speaks, NFIB Small Business Index, JOLTS Job Openings, Wholesale Inventories m/m.
ENERGY WRAP: West Texas Intermediate swung between gains and losses before a government report that is forecast to show crude inventories declined for a second week in the U.S., the world’s biggest oil consumer.
PRECIOUS METAL WRAP: Gold fluctuated as investors assessed whether the U.S. Federal Reserve will pare stimulus after signs of improvement in the labor market and hints of a reduction from a policy maker.
GLOBAL EVENTS TO WATCH: Industrial Production y/y, Fixed Asset Investment ytd/y, Retail Sales y/y, Manufacturing Production m/m, Industrial Production m/m, ECB President Draghi Speaks, NFIB Small Business Index, JOLTS Job Openings, Wholesale Inventories m/m.
Agri Commodity Market Update
TREND CONSOLIDATE SUP1:3015 SUP2:2950 RESIST1:3127 RESIST2:3200 TRADING STRATEGY: SELL ON RISE CS JEERA (MARCH) OVERVIEW: TREND CONSOLIDATE SUP1:12640 SUP2:12525 RESIST1:13100 RESIST2:13280 TRADING STRATEGY: SELL ON RISE CS TURMERIC (APRIL) OVERVIEW: TREND CONSOLIDATE SUP1:5800 SUP2:5642 RESIST1:6056 RESIST2:6092 TRADING STRATEGY: BUY ON DIPS CS SOYABEAN (JANUARY) OVERVIEW: TREND CONSOLIDATE SUP1:3780 SUP2:3720 RESIST1:3925 RESIST2:3967 TRADING STRATEGY: SELL ON RISE |
Bullion Commodity Market Update.
CS COPPER (FEB.) OVERVIEW:TREND CONSOLIDATE SUP1:440 SUP2:436 RESIST1:454 RESIST2:457 TRADING STRATEGY: SELL ON RISE CS CRUDE (DEC.) OVERVIEW: TREND CONSOLIDATE SUP1:5930 SUP2:5885 RESIST1:6070 RESIST2:6110 TRADING STRATEGY: BUY ON DIPS CS GOLD (FEB.) OVERVIEW: TREND CONSOLIDATE SUP1:28320 SUP2:27340 RESIST1:29615 RESIST2:29960 TRADING STRATEGY: SELL ON RISE CS SILVER (MARCH) OVERVIEW: TREND CONSOLIDATE SUP1:43140 SUP2:42400 RESIST1:45130 RESIST2:45850 TRADING STRATEGY: SELL ON RISE |
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