Monday 24 February 2014

COMMODITY MARKET TRENDS 25 FEBRUARY 2014

BASE METAL WRAP: Copper fell the most in three weeks in New York after Shanghai Securities News reported that some banks in China are curbing real-estate loans, signaling slower demand growth from the world’s largest metal-consuming country.
CS CRUDE (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:6325
SUP2:6280
RESIST1:6477
RESIST2:6582
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927

ENERGY WRAP: West Texas Intermediate swung between gains and losses near $103 a barrel amid speculation crude stockpiles at Cushing, Oklahoma, fell as cold weather boosted fuel demand in the world’s biggest oil consumer.
CS GOLD (APRIL) OVERVIEW:
TREND CONSOLIDATE
SUP1:29750
SUP2:29630
RESIST1:30300
RESIST2:30520
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
 
PRECIOUS METAL WRAP: Gold traded near a 16-week high even as some investors deemed the rally excessive on expectations the Federal Reserve will keep its plan to reduce U.S. stimulus.
CS SILVER (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:46700
SUP2:45850   
RESIST1:49240
RESIST2:50400
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927

GLOBAL EVENTS TO WATCH: S&P/CS Composite-20 HPI y/y, HPI m/m, CB Consumer Confidence, Richmond Manufacturing Index, FOMC Member Tarullo Speaks.
CS COPPER (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:442
SUP2:440
RESIST1:450
RESIST2:453
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927

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