Monday, 16 December 2013

COMMODITY MARKET TREND - 17 DECEMBER 2013

BASE METAL WRAP:
Copper declined for the first time in eight days as investors await the outcome of the U.S. Federal Reserve’s two-day meeting starting today amid speculation that the central bank will cut stimulus.

ENERGY WRAP:
West Texas Intermediate fell after rising the most in almost a week before a government report tomorrow that may show gasoline and distillate inventories increased in the U.S., the world’s biggest oil consumer.

PRECIOUS METAL WRAP:

Gold traded little changed before the Federal Reserve starts a two-day meeting today as investors await the central bank’s decision on the timeline for reducing stimulus in the U.S.

GLOBAL EVENTS TO WATCH:

German ZEW Economic Sentiment, Core CPI m/m, CPI m/m, Current Account, NAHB Housing Market Index.



Agri Commodity Market Update
CS CHANA ( JAN. ) OVERVIEW:
TREND CONSOLIDATE
SUP1:3010
SUP2:2950
RESIST1:3070  
RESIST2:3172
TRADING STRATEGY: SELL ON RISE

CS JEERA (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:12740
SUP2:12550
RESIST1:13240
RESIST2:13540
TRADING STRATEGY: SELL ON RISE

CS TURMERIC (APRIL) OVERVIEW:
TREND CONSOLIDATE
SUP1:6056
SUP2:5932
RESIST1:6444
RESIST2:6596
TRADING STRATEGY: BUY ON DIPS

CS SOYABEAN (JAN.) OVERVIEW:
TREND CONSOLIDATE
SUP1:3700
SUP2:3530
RESIST1:3805
RESIST2:3865
TRADING STRATEGY: SELL ON RISE
Bullion Commodity Market Update.
CS COPPER (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:454
SUP2:451
RESIST1:471
RESIST2:482
TRADING STRATEGY: BUY ON DIPS

CS CRUDE (DEC.) OVERVIEW:
TREND CONSOLIDATE
SUP1:5930
SUP2:5885
RESIST1:6120
RESIST2:6175
TRADING STRATEGY: BUY ON DIPS

CS GOLD (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:28720
SUP2:28320
RESIST1:29150
RESIST2:29450
TRADING STRATEGY: SELL ON RISE

CS SILVER (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:44000
SUP2:43140  
RESIST1:45950
RESIST2:46540
TRADING STRATEGY:  SELL ON RISE

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