Monday, 10 February 2014

COMMODITY MARKET TREND-11 FEB. 2014

BASE METAL WRAP: Copper dipped on Monday, following a weekly rise that was the biggest so far this year last week, as worries about demand in top consumer China offset tightness in supply.
CS SILVER (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:44150
SUP2:43400   
RESIST1:45750
RESIST2:45950
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927

ENERGY WRAP: West Texas Intermediate crude traded near the highest price in six weeks amid speculation that U.S. distillate stockpiles shrank as cold weather boosted demand for heating fuels.
CS GOLD (APRIL) OVERVIEW:
TREND CONSOLIDATE
SUP1:28890
SUP2:28720
RESIST1:29260
RESIST2:29480
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927

PRECIOUS METAL WRAP: Gold jumped to the highest level since November as investors assessed further cuts to U.S. monetary stimulus and Chinese buyers resumed purchases to extend last year’s record consumption. Silver was set for the longest rally since August.
CS CRUDE (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:6200
SUP2:6160
RESIST1:6368
RESIST2:6467
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927

GLOBAL EVENTS TO WATCH:
NAB Business Confidence, NFIB Small Business Index, FOMC Member Plosser Speaks, Fed Chair Yellen Testifies, JOLTS Job Openings, Wholesale Inventories m/m.
CS COPPER (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:442
SUP2:440
RESIST1:449
RESIST2:452
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927

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