Thursday 20 March 2014

COMMODITY MARKET TRENDS 21 MARCH 2014

BASE METAL WRAP: 
Copper is poised for a fourth weekly decline after the Federal Reserve signaled it would raise interest rates, hurting the demand outlook for the metal.
CS CRUDE (APRIL) OVERVIEW:
TREND CONSOLIDATE
SUP1:5950
SUP2:5830
RESIST1:6150
RESIST2:6220
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927

ENERGY WRAP: 
West Texas Intermediate is poised for a third weekly drop as crude supplies climbed to the highest level since November in the U.S., the world’s biggest oil consumer. Brent in London declined.
CS GOLD (APRIL) OVERVIEW:
TREND CONSOLIDATE
SUP1:29600
SUP2:29250
RESIST1:30000
RESIST2:30225
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927

PRECIOUS METAL WRAP: 
Gold capped the biggest four-day drop since November after the Federal Reserve stoked the outlook for higher interest rates.
CS SILVER (MAY) OVERVIEW:
TREND BEARISH
SUP1:44160
SUP2:43600   
RESIST1:45570
RESIST2:46100
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927

GLOBAL EVENTS TO WATCH: 
Bank Stress Test Results, Core CPI m/m, Core Retail Sales m/m, FOMC Member Fisher Speaks.
CS COPPER (APRIL) OVERVIEW:
TREND CONSOLIDATE
SUP1:396
SUP2:392   
RESIST1:410
RESIST2:415
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927

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