Thursday 27 February 2014

COMMODITY MARKET TRENDS 28 FEB. 2014

BASE METAL WRAP: Copper advanced for the first time this week, paring a monthly drop, on concern that mine supplies will decline from Indonesia and stockpiles continued shrinking.
CS JEERA (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:11300
SUP2:11275
RESIST1:11900
RESIST2:12170
TRADING STRATEGY: BUY ON DIPS
CAPITALSTAR0S.COM +919200099927

ENERGY WRAP: West Texas Intermediate crude fell for a second day, trimming a monthly gain. Brent swung between gains and losses in London.
CS TURMERIC (APRIL) OVERVIEW:
TREND CONSOLIDATE
SUP1:6770
SUP2:6610
RESIST1:7140
RESIST2:7370
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927

PRECIOUS METAL WRAP: Gold headed for the first back-to-back monthly gain since August as concern that the U.S. recovery may be losing momentum and turmoil in emerging markets boosted haven demand. Assets in bullion-backed exchange-traded products were set for the first monthly increase in 14 months.
CS SOYABEAN (MARCH) OVERVIEW:
TREND BULLISH
SUP1:4085
SUP2:4020
RESIST1:4220
RESIST2:4276
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927

GLOBAL EVENTS TO WATCH: ANZ Business Confidence, CPI Flash Estimate y/y, FOMC Member Fisher Speaks, GDP m/m, Prelim GDP q/q, Prelim GDP Price Index q/q, Chicago PMI, Revised UoM Consumer Sentiment, Revised UoM Inflation Expectations, Pending Home Sales m/m, FOMC Member Kocherlakota Speaks, FOMC Member Stein Speaks, BOE Gov Carney Speaks.
CS CHANA (APRIL) OVERVIEW:
TREND BULLISH
SUP1:2960
SUP2:2910   
RESIST1:3200
RESIST2:3230
TRADING STRATEGY:BUY ON DIPS   
CAPITALSTARS.COM+919977499927

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