BASE METAL WRAP:
Nickel rose for a fifth day, reaching a seven-week high, on concern that supplies will decline from Indonesia as the biggest producer of mined metal was set to start a ban on mineral-ore exports next month.
commodity tips
ENERGY WRAP:
Natural gas futures dropped in New York from the highest level in more than two years on forecasts for milder U.S. weather that signaled reduced heading demand.
commodity tips
PRECIOUS METAL WRAP:
Gold held its rebound from the lowest close in more than three years on speculation investors will trim bets on further losses before the year-end and as lower prices encourage purchases.
commodity tips
GLOBAL EVENTS TO WATCH:
GDP m/m, Core PCE Price Index m/m, Personal Spending m/m, Personal Income m/m, Revised UoM Consumer Sentiment, Revised UoM Inflation Expectations.
Nickel rose for a fifth day, reaching a seven-week high, on concern that supplies will decline from Indonesia as the biggest producer of mined metal was set to start a ban on mineral-ore exports next month.
commodity tips
ENERGY WRAP:
Natural gas futures dropped in New York from the highest level in more than two years on forecasts for milder U.S. weather that signaled reduced heading demand.
commodity tips
PRECIOUS METAL WRAP:
Gold held its rebound from the lowest close in more than three years on speculation investors will trim bets on further losses before the year-end and as lower prices encourage purchases.
commodity tips
GLOBAL EVENTS TO WATCH:
GDP m/m, Core PCE Price Index m/m, Personal Spending m/m, Personal Income m/m, Revised UoM Consumer Sentiment, Revised UoM Inflation Expectations.
Agri Commodity Market Update
CS CHANA ( JAN. ) OVERVIEW:TREND CONSOLIDATE SUP1:2950 SUP2:2875 RESIST1:3085 RESIST2:3172 TRADING STRATEGY: BUY ON DIPS CS JEERA (MARCH) OVERVIEW: TREND CONSOLIDATE SUP1:12650 SUP2:12400 RESIST1:13065 RESIST2:13240 TRADING STRATEGY: SELL ON RISE CS TURMERIC (APRIL) OVERVIEW: TREND CONSOLIDATE SUP1:6110 SUP2:6040 RESIST1:6460 RESIST2:6590 TRADING STRATEGY: SELL ON RISE CS SOYABEAN (JAN.) OVERVIEW: TREND CONSOLIDATE SUP1:3800 SUP2:3720 RESIST1:3920 RESIST2:3950 TRADING STRATEGY: BUY ON DIPS |
Bullion Commodity Market Update.
CS COPPER (FEB.) OVERVIEW:TREND CONSOLIDATE SUP1:454 SUP2:451 RESIST1:465 RESIST2:471 TRADING STRATEGY: BUY ON DIPS CS CRUDE (JAN.) OVERVIEW: TREND CONSOLIDATE SUP1:6100 SUP2:5970 RESIST1:6250 RESIST2:6370 TRADING STRATEGY: BUY ON DIPS CS GOLD (FEB.) OVERVIEW: TREND BEARISH SUP1:27900 SUP2:27340 RESIST1:28650 RESIST2:28920 TRADING STRATEGY: SELL ON RISE CS SILVER (MARCH) OVERVIEW: TREND CONSOLIDATE SUP1:43100 SUP2:42400 RESIST1:44285 RESIST2:44590 TRADING STRATEGY: SELL ON RISE |
No comments :
Post a Comment
Your Comment Will Be Submitted!!!!