Thursday 20 February 2014

COMMODITY MARKET TRED 21 FEB. 2014

BASE METAL WRAP: Copper futures fell to a one-week low after manufacturing shrank more than estimated in China and some Federal Reserve officials advocated further curbing of U.S. economic stimulus.
CS TURMERIC (APRIL) OVERVIEW:
TREND CONSOLIDATE
SUP1:7100
SUP2:6890
RESIST1:7470
RESIST2:7530

TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927

ENERGY WRAP: West Texas Intermediate crude headed for a sixth weekly gain as cold weather in the U.S. bolstered demand for heating fuels in the world’s biggest oil consumer. Brent in London is poised to advance for the week.
CS JEERA (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:11450
SUP2:11275
RESIST1:11900
RESIST2:12170

TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927

PRECIOUS METAL WRAP: Gold futures fell for the second straight day as concern that the Federal Reserve will press on with cuts in U.S. monetary stimulus damped demand for the metal as an alternative asset.
CS SOYABEAN (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:3965
SUP2:3908
RESIST1:4045
RESIST2:4140

TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927

GLOBAL EVENTS TO WATCH:
Retail Sales m/m, Core CPI m/m, Core Retail Sales m/m, Existing Home Sales.
CS CHANA (APRIL) OVERVIEW:
TREND CONSOLIDATE
SUP1:2950
SUP2:2875   
RESIST1:3090
RESIST2:3124

TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM  +919977499927

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