Tuesday 17 December 2013

COMMODITY MARKET TREND - 18 DECEMBER 2013

BASE METAL WRAP:
Copper fell for a second day as investors await a Federal Reserve decision on its monthly stimulus program.

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ENERGY WRAP:
West Texas Intermediate climbed after industry data showed U.S. crude stockpiles fell for a third week and before the Federal Reserve decides whether to pare back stimulus in the world’s biggest oil consumer.

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PRECIOUS METAL WRAP:
Gold advanced on speculation the U.S. Federal Reserve may refrain from a reduction in monetary stimulus when officials conclude a two-day meeting today.

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GLOBAL EVENTS TO WATCH:
German Ifo Business Climate, Claimant Count Change, MPC Asset Purchase Facility Votes, MPC Official Bank Rate Votes , Unemployment Rate, Wholesale Sales m/m, Building Permits, Housing Starts, Housing Starts, Housing Starts, Flash Services PMI, Crude Oil Inventories.

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Agri Commodity Market Update
CS CHANA ( JAN. ) OVERVIEW:
TREND BEARISH
SUP1:2950
SUP2:2875
RESIST1:3015  
RESIST2:2085
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 BULLISH
SUP1:6056
SUP2:5932
RESIST1:6596
RESIST2:6736
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
SUP1:28320
SUP2:27340
RESIST1:29150
RESIST2:29450
TRADING STRATEGY: SELL ON RISE

CS SILVER (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:44000
SUP2:43140  
RESIST1:45950
RESIST2:46700
TRADING STRATEGY: SELL ON RISE

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