Tuesday 25 March 2014

COMMODITY MARKET TRENDS 26 MARCH 2014

BASE METAL WRAP:
Copper dropped from a two-week high amid concern that economic growth is slowing and default risks are rising in the biggest-user China at a time when global supplies are increasing.
CS JEERA (MARCH) OVERVIEW:
TREND CONSOLIIDATE
SUP1:9340
SUP2:8400
RESIST1:10480
RESIST2:10750

TRADING STRATEGY: SELL ON RISE
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ENERGY WRAP:
Crude oil prices rose slightly in Asia on continued geopolitical tensions over the Ukraine, but ample U.S. industry inventory data tempered gains.
CS TURMERIC (APRIL) OVERVIEW:
TREND BEARISH
SUP1:6070
SUP2:5980
RESIST1:6510
RESIST2:6580

TRADING STRATEGY: SELL ON RISE
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PRECIOUS METAL WRAP:
Gold prices traded flat in Asia on Wednesday on mild dollar support on growing prospects for rate hikes in the U.S. next year.
CS SOYABEAN (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:4150
SUP2:4080
RESIST1:4262
RESIST2:4350

TRADING STRATEGY: SELL ON RISE
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GLOBAL EVENTS TO WATCH:
RBA Gov Stevens Speaks, Core Durable Goods Orders m/m, Durable Goods Orders m/m, Flash Services PMI, Crude Oil Inventories.
CS CHANA (APRIL) OVERVIEW:
TREND CONSOLIDATE
SUP1:3180
SUP2:3115   
RESIST1:3420
RESIST2:3475

TRADING STRATEGY: BUY ON DIPS
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1 comment :

  1. Stock trading tips at the NCDEX, jeera futures for March 2014 contract closed at Rs. 10,170 per quintal.

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