COMMODITY MARKET TREND - 11 DECEMBER 2013

BASE METAL WRAP: Copper touched its highest level in a month on Tuesday, aided by a weaker dollar, with steady buying from top consumer China also helping to underpin prices.
ENERGY WRAP:West Texas Intermediate traded near the highest price since October after industry data showed crude inventories declined for a second week in the U.S., the world’s biggest oil consumer.
PRECIOUS METAL WRAP:Gold fluctuated near a three-week high after advancing the most in seven weeks as the dollar weakened and signs of increased physical demand in China boosted the metal’s outlook.
GLOBAL EVENTS TO WATCH:
Treasury Sec Lew Speaks, Crude Oil Inventories, 10-y Bond Auction.

Agri Commodity Market Update CS CHANA ( JAN.) OVERVIEW: TREND BEARISH SUP1:2982 SUP2:2950 RESIST1:3070    RESIST2:3110 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(APR)OVERVIEW: TREND BEARISH SUP1:5640 SUP2:5546 RESIST1:6056 RESIST2:6092 TRADING STRATEGY: SELL ON RISE CS SOYABEAN (JAN.) 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 RESIST1:6110 RESIST2:6174 TRADING STRATEGY: BUY ON DIPS CS GOLD (FEB.) OVERVIEW: TREND CONSOLIDATE SUP1:28720 SUP2:28320 RESIST1:29615 RESIST2:30000 TRADING STRATEGY: BUY ON DIPS CS SILVER (MARCH) OVERVIEW: TREND CONSOLIDATE SUP1:44000 SUP2:43650    RESIST1:46100 RESIST2:47300 TRADING STRATEGY:  BUY ON DIPS

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