Tuesday 18 March 2014

COMMODITY MARKET TRENDS 19 MARCH 2014

BASE METAL WRAP: 

Nickel rose to the highest level in 11 months as raw ore stockpiles in China, which produces a quarter of global production, are falling amid an Indonesian export ban and on speculation Russian supply will be disrupted.
CS CRUDE (APRIL) OVERVIEW:
TREND CONSOLIDATE
SUP1:5975
SUP2:5870
RESIST1:6105
RESIST2:6210

TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927

ENERGY WRAP: 

West Texas Intermediate crude rose the most in two weeks, narrowing its discount to Brent, after Enterprise Products Partners LP said it would more than double the capacity of its Seaway pipeline as early as May.
CS GOLD (APRIL) OVERVIEW:
TREND CONSOLIDATE
SUP1:29880
SUP2:29750
RESIST1:30750
RESIST2:30950

TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927

PRECIOUS METAL WRAP: 

Gold traded near the lowest level in almost a week as the Federal Reserve concludes a two-day meeting today after U.S. data showed muted inflation and investors weighed the situation in Ukraine.
CS SILVER (MAY) OVERVIEW:
TREND CONSOLIDATE
SUP1:45500
SUP2:44160   
RESIST1:47100
RESIST2:47900

TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927

GLOBAL EVENTS TO WATCH: 

BOJ Gov Kuroda Speaks, Claimant Count Change, MPC Asset Purchase Facility Votes, MPC Official Bank Rate Votes, Unemployment Rate, Annual Budget Release, Current Account, Crude Oil Inventories, SNB Chairman Jordan Speaks, FOMC Economic Projections, FOMC Statement, Federal Funds Rate.
CS COPPER (APRIL) OVERVIEW:
TREND BEARISH
SUP1:396
SUP2:393
RESIST1:407
RESIST2:410

TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927

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