Tuesday 7 January 2014

COMMODITY MARKET TREND - 08 JANUARY 2014

BASE METAL WRAP: Copper fell for the third time in four sessions in New York on concern that new financing rules may curb demand in China, the world’s biggest user of the metal.
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ENERGY WRAP: West Texas Intermediate rose for a second day on speculation government data will show crude stockpiles declined a sixth week in the U.S., the world’s biggest oil consumer. Natural gas futures slid in New York on forecasts for milder weather that would reduce demand for the heating fuel after today’s arctic blast.

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PRECIOUS METAL WRAP:
Gold fell as the dollar held gains before the release of minutes from the Federal Reserve’s last meeting amid expectations that the central bank will continue to wind back stimulus as the U.S. economy improves.

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GLOBAL EVENTS TO WATCH: ADP Non-Farm Employment Change, Crude Oil Inventories, 10-y Bond Auction.
Agri Commodity Market Update
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CS CHANA (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:3015
SUP2:2950
RESIST1:3094   
RESIST2:3134
TRADING STRATEGY: SELL ON RISE

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CS JEERA (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:12370
SUP2:12270
RESIST1:12950
RESIST2:13540
TRADING STRATEGY: SELL ON RISE

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CS TURMERIC (APRIL) OVERVIEW:
TREND BULLISH
SUP1:6680
SUP2:6630
RESIST1:7000
RESIST2:7250
TRADING STRATEGY: BUY ON DIPS

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CS SOYABEAN (FEB.) OVERVIEW:
TREND BEARISH
SUP1:3622
SUP2:3530
RESIST1:3705
RESIST2:3752
TRADING STRATEGY: SELL ON RISE

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Bullion Commodity Market Update.
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CS COPPER (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:462
SUP2:456
RESIST1:469
RESIST2:474
TRADING STRATEGY: SELL ON RISE

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CS CRUDE (JAN.) OVERVIEW:
TREND CONSOLIDATE
SUP1:5784
SUP2:5750
RESIST1:5940
RESIST2:6000
TRADING STRATEGY: SELL ON RISE

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CS GOLD (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:28690
SUP2:28490
RESIST1:29060
RESIST2:29280
TRADING STRATEGY: SELL ON RISE

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CS SILVER (MARCH) OVERVIEW:
TREND BEARISH
SUP1:43560
SUP2:42430  
RESIST1:45740
RESIST2:46700
TRADING STRATEGY: SELL ON RISE
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3 comments :

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  2. Thanks dear riya!!!!
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  3. nice post. i am also a commodity tips adviser and here below some tips for base metals.

    Copper: (Feb) Copper looks weak in the intraday charts after three consecutive days of correction last week. The prices closed at Rs 465.5 per kg, which is quite near to the support base of Rs 464.50. Further declines towards Rs 461 and 458 per kg is possible. Resistance of Rs 468.50 looks formidable.

    Nickel: (Jan) halted its weakness and continued its upside move hitting 862
    resistances on modest short covering. Upside resistance are at 870-880 and above it
    can see 900 levels. Intraday breakssupport 870 can seemore downside till 860.

    Zinc: (Jan) closed around 126.95 in halted weakness session and going 126
    will be downside and move towards 128. Support base is placed at 125 and below will test
    122 levels.

    Lead: (Jan) closed around 134.95 and going Downside Supports at 133 below it willtest 129
    forward if it clears 139, then can see.

    Aluminium: (Jan) closed near 109.20 in halted weakness and can see modest
    upside till

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