Thursday 13 March 2014

COMMODITY MARKET TRENDS 14 MARCH 2014

BASE METAL WRAP: Copper prices re-approached the lowest level since July 2010 on Thursday, after weaker than expected Chinese economic data added to concerns over the health of the world’s second largest economy.
CS CRUDE (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:5930
SUP2:5820
RESIST1:6100
RESIST2:6156

TRADING STRATEGY: SELL ON RISE
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ENERGY WRAP: West Texas Intermediate crude rebounded from a one-month low, narrowing its discount to Brent, as better-than-expected U.S. economic reports raised expectations that fuel demand will be stronger. Brent dropped.
CS GOLD (APRIL) OVERVIEW:
TREND CONSOLIDATE
SUP1:30300
SUP2:29880
RESIST1:30680
RESIST2:30940

TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927

PRECIOUS METAL WRAP:
Gold climbed to the highest level in six months as escalating tension in Ukraine, before a vote in Crimea on breaking away to join Russia, and concern that China’s growth is faltering boosted demand for a store of value.
CS SILVER (MAY) OVERVIEW:
TREND CONSOLIDATE
SUP1:45500
SUP2:45000   
RESIST1:47440
RESIST2:48320

TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927

GLOBAL EVENTS TO WATCH:
PPI m/m, Core PPI m/m, Prelim UoM Consumer Sentiment, Prelim UoM Inflation Expectations. 
CS COPPER (APRIL) OVERVIEW:
TREND BEARISH
SUP1:396
SUP2:393
RESIST1:407
RESIST2:410

TRADING STRATEGY: SELL ON RISE
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