COMMODITY MARKET TRENDS 05 MARCH 2014

ENERGY WRAP: West Texas Intermediate crude tumbled the most in two months as Brent dropped amid speculation that tension between Ukraine and Russia, the world’s biggest energy exporter, won’t disrupt oil supplies.

CS SOYABEAN (MARCH) OVERVIEW:
TREND BULLISH
SUP1:4150
SUP2:4110
RESIST1:4320
RESIST2:4475
TRADING STRATEGY: BUY ON DIPS
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PRECIOUS METAL WRAP: Gold futures fell from a 17-week high as demand for a haven eased after Russian President Vladimir Putin said that there’s no immediate need to send troops to Ukraine. Palladium jumped.

CS TURMERIC (APRIL) OVERVIEW:
TREND BULLISH
SUP1:7040
SUP2:6820
RESIST1:7300
RESIST2:7470
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927

GLOBAL EVENTS TO WATCH: GDP q/q, Services PMI, ADP Non-Farm Employment Change, Final Services PMI, BOC Rate Statement, Overnight Rate, ISM Non-Manufacturing PMI, Crude Oil Inventories.

CS JEERA (MARCH) OVERVIEW:
TREND BEARISH
SUP1:11200
SUP2:10900
RESIST1:11900
RESIST2:12170
TRADING STRATEGY: SELL ON RISE
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BASE METAL WRAP: Nickel snapped a four-day advance in London, declining from the highest level in almost nine months, while China retained its economic growth target.

CS CHANA (APRIL) OVERVIEW:
TREND BULLISH
SUP1:3115
SUP2:3100
RESIST1:3240
RESIST2:3280
TRADING STRATEGY:BUY ON DIPS
CAPITALSTARS.COM +919977499927

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