Commodity tips provider

Wednesday, 22 January 2014

COMMODITY MARKET TREND - 23 JANUARY 2014

BASE METAL WRAP: Industrial metals retreated as manufacturing data from China, the world’s biggest consumer, fell below economists’ expectations. Lead dropped for a second day as nickel declined from the highest level in three months.
CS COPPER (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:451
SUP2:443
RESIST1:462
RESIST2:468
TRADING STRATEGY: BUY ON DIPS
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ENERGY WRAP: West Texas Intermediate crude rose to a three-week high on speculation that U.S. distillate fuel supplies slid as falling temperatures bolstered heating demand.
CS CRUDE (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:5920
SUP2:5825
RESIST1:6095
RESIST2:6174
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
PRECIOUS METAL WRAP: Gold dropped to a two-week low, heading for the longest losing streak in a month, as expectations that the U.S. Federal Reserve will keep reducing stimulus outweighed signs of physical demand in China.

CS GOLD (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:28860
SUP2:28670
RESIST1:29450
RESIST2:29640
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
GLOBAL EVENTS TO WATCH: HSBC Flash Manufacturing PMI, French Flash Manufacturing PMI, German Flash Manufacturing PMI, Flash Manufacturing PMI, CBI Realized Sales, Core Retail Sales m/m, Retail Sales m/m, Unemployment Claims, Flash Manufacturing PMI, HPI m/m, Existing Home Sales, CB Leading Index m/m, Natural Gas Storage, Crude Oil Inventories.

CS SILVER (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:43560
SUP2:42430
RESIST1:45740
RESIST2:46700
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927