COMMODITY MARKET TREND - 22 JANUARY 2014

BASE METAL WRAP: Nickel rose for a second day to the highest level in almost three months as the International Monetary Fund boosted its global economic growth forecast and amid concern Indonesia’s ban on ore exports will cut supply.
CS COPPER (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:451
SUP2:443
RESIST1:463
RESIST2:468
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927

ENERGY WRAP: Brent crude rose for the first time in four days after the International Energy Agency raised its forecast for global oil consumption on a strengthening economy. West Texas Intermediate reached at a two-week high. Natural gas futures jumped to the highest price in almost four weeks as a winter storm bringing heavy snow and frigid weather to the East Coast stoked demand for the heating fuel.
CS CRUDE (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:5875
SUP2:5829
RESIST1:5971
RESIST2:6016
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927

PRECIOUS METAL WRAP: Gold rebounded from the biggest decline in three weeks as investors weighed signs of strengthening physical demand against the outlook for reduced monetary stimulus in the U.S.

CS GOLD (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:29130
SUP2:28860
RESIST1:29450
RESIST2:29640
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927

GLOBAL EVENTS TO WATCH: CPI q/q, Monetary Policy Statement, BOJ Press Conference, Claimant Count Change, MPC Asset Purchase Facility Votes, MPC Official Bank Rate Votes, Unemployment Rate, BOC Monetary Policy Report, BOC Rate Statement, Overnight Rate, BOC Press Conference.
CS SILVER (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:43560
SUP2:42430   
RESIST1:45740
RESIST2:46700
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM+919200099927