Friday 22 August 2014

COMMODITY MARKET STRATEGY 22 AUGUST 2014


BASE METAL WRAP: Aluminium buyers in Japan, Asia’s largest importer, are set to agree on a record quarterly fee after lower output from Brazil deepened a global deficit, said three executives who will start negotiations next week. Copper in London rose to a two-week high, heading for the first weekly advance in a month on stronger-than-expected U.S. homes sales and before a speech by Federal Reserve Chair Janet Yellen.

ENERGY WRAP: West Texas Intermediate crude headed for a fifth weekly decline, the longest losing streak in nine months, amid rising U.S. fuel supplies and signs of a slowing economy in China. Brent was steady in London.

PRECIOUS METAL WRAP: Gold traded near a two-month low on speculation that U.S. interest rates are set to increase as investors awaited remarks from Federal Reserve Chair Janet Yellen at a meeting of central bankers. Silver headed for a sixth week of losses in the longest slump in more than a yea

GLOBAL EVENTS TO WATCH: Core CPI m/m, Core Retail Sales m/m, Fed Chair Yellen Speaks, Jackson Hole Symposium.

Bullions Commodity Market Strategy 22ND AUGUST 2014
CS COPPER (AUG) OVERVIEW:
TREND CONSOLIDATE
SUP1:421
SUP2:415                   
RESIST1:429
RESIST2:433
TRADING STRATEGY: BUY ON DIPS
WWW.CAPITALSTARS.COM +917316790000
CS CRUDE (SEPTEMBER) OVERVIEW:
TREND BEARISH
SUP1:5640
SUP2:5550
RESIST1:5770
RESIST2:5850
TRADING STRATEGY: SELL ON RISE
WWW.CAPITALSTARS.COM +917316790000
CS GOLD (OCTOBER) OVERVIEW:                               
TREND BEARISH
SUP1:27600
SUP2:27350
RESIST1:27950
RESIST2:28150
TRADING STRATEGY: SELL ON RISE
WWW.CAPITALSTARS.COM +917316790000
CS SILVER (SEPTEMBER) OVERVIEW:
TREND  CONSOLIDATE
SUP1:41750
SUP2:41300                     
RESIST1:42500
RESIST2:42800
TRADING STRATEGY: BUY ON DIPS
WWW.CAPITALSTARS.COM +917316790000

Agri Commodity Market Strategy 22ND AUGUST 2014
CS CHANA (SEPTEMBER)) OVERVIEW:
TREND  CONSOLIDATE
SUP1:2900                                                         
SUP2:2870                    
RESIST1:3000
RESIST2:3020
TRADING STRATEGY: SELL ON RISE
WWW.CAPITALSTARS.COM +917316790000
CS JEERA (SEPTEMBER) OVERVIEW:
TREND CONSOLIDATE
SUP1:11150
SUP2:10920
RESIST1:11450
RESIST2:11500
TRADING STRATEGY: SELL ON RISE
WWW.CAPITALSTARS.COM +917316790000
CS TURMERIC (SEPTEMBER) OVERVIEW:
TREND BULLISH
SUP1:6450
SUP2:6310
RESIST1:6670
RESIST2:6780
TRADING STRATEGY: BUY ON DIPS
WWW.CAPITALSTARS.COM +917316790000
CS SOYABEAN (OCTOBER) OVERVIEW:
TREND  BEARISH
SUP1:3350
SUP2:3260
RESIST1:3490
RESIST2:3550
TRADING STRATEGY: SELL ON RISE
WWW.CAPITALSTARS.COM +917316790000



1 comment :

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