BASE METAL WRAP: Copper futures fell for the first time in three days before the release of minutes from the Federal Reserve’s December meeting, which may give indications on the pace of U.S. monetary stimulus.
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.
PRECIOUS METAL WRAP: Gold was little changed on Thursday following losses in the past two sessions as strong U.S. jobs data took the sheen off the metal's safe-haven appeal and investors waited on further clues on the strength of the economy.
GLOBAL EVENTS TO WATCH: FOMC Meeting Minutes, Building Approvals m/m, Retail Sales m/m, CPI y/y, Asset Purchase Facility, Official Bank Rate, MPC Rate Statement, Minimum Bid Rate, Building Permits m/m, ECB Press Conference, Unemployment Claims, Natural Gas Storage, 30-y Bond Auction. stock tips commodity tips Share Market tips mcx tips
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 Free Trials CS JEERA (MARCH) OVERVIEW: TREND CONSOLIDATE SUP1:12370 SUP2:12270 RESIST1:12950 RESIST2:13540 TRADING STRATEGY: SELL ON RISE Free Trials CS TURMERIC (APRIL) OVERVIEW: TREND BULLISH SUP1:6680 SUP2:6510 RESIST1:7000 RESIST2:7250 TRADING STRATEGY: BUY ON DIPS Free Trials CS SOYABEAN (FEB.) OVERVIEW: TREND BEARISH SUP1:3622 SUP2:3530 RESIST1:3710 RESIST2:3752 TRADING STRATEGY: SELL ON RISE Free Trials |
Bullion Commodity Market Update.
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CS COPPER (FEB.) OVERVIEW:
TREND CONSOLIDATE SUP1:462 SUP2:456 RESIST1:468 RESIST2:474 TRADING STRATEGY: SELL ON RISE Free Trials CS CRUDE (JAN.) OVERVIEW: TREND CONSOLIDATE SUP1:5750 SUP2:5710 RESIST1:5880 RESIST2:5920 TRADING STRATEGY: SELL ON RISE Free Trials CS GOLD (FEB.) OVERVIEW: TREND CONSOLIDATE SUP1:28670 SUP2:28490 RESIST1:29060 RESIST2:29280 TRADING STRATEGY: SELL ON RISE Free Trials CS SILVER (MARCH) OVERVIEW: TREND CONSOLIDATE SUP1:43560 SUP2:42430 RESIST1:45740 RESIST2:46700 TRADING STRATEGY: SELL ON RISE Free Trials |
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