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.
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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