Wednesday 5 March 2014

DAILY COMMODITY MARKET STRATEGY-06 MARCH 2014

http://www.capitalstars.com/freetrials.php
BASE METAL WRAP: COPPER futures have settled slightly lower on the London Metal Exchange (LME), losing ground following the release of weaker-than-expected US manufacturing data. The ISM's nonmanufacturing purchasing managers index fell to 51.6 last month, below an estimate of 53.5 by forecasters.

ENERGY WRAP: West Texas Intermediate fell for a third day after U.S. government data showed distillate and crude stockpiles increased in the world’s biggest oil consumer.

PRECIOUS METAL WRAP: Gold prices fell in Asia on tensions easing between Russia and the Ukraine and continued profit taking from overnight leading the yellow metal lower on prospects for a weaker dollar.

GLOBAL EVENTS TO WATCH: Retail Sales m/m, Trade Balance, Asset Purchase Facility, Official Bank Rate, MPC Rate Statement, Challenger Job Cuts y/y, Minimum Bid Rate, FOMC Member Dudley Speaks, Building Permits m/m, ECB Press Conference, Unemployment Claims, Revised Nonfarm Productivity q/q, Revised Unit Labor Costs q/q, Ivey PMI, Factory Orders m/m, Natural Gas Storage, FOMC Member Plosser Speaks.

AGRI COMMODITY
COMMODITY
CS CHANA (APRIL) OVERVIEW:
TREND BULLISH
SUP1:3115
SUP2:3100
RESIST1:3240
RESIST2:3280
TRADING STRATEGY:BUY ON DIPS
CAPITALSTARS.COM +919200099927 +919977499927
CS COPPER (APRIL) OVERVIEW:
TREND CONSOLIDATE
SUP1:436
SUP2:435
RESIST1:440
RESIST2:444
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS JEERA (MARCH) OVERVIEW:
TREND BEARISH
SUP1:11200
SUP2:10900
RESIST1:11500
RESIST2:11700
TRADING STRATEGY: SELL ON RISE
CAPITALSTAR0S.COM +919200099927
CS CRUDE (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:6150
SUP2:6050
RESIST1:6275
RESIST2:6310
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS TURMERIC (APRIL) OVERVIEW:
TREND CONSOLIDATE
SUP1:7040
SUP2:6820
RESIST1:7300
RESIST2:7470
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS GOLD (APRIL) OVERVIEW:
TREND CONSOLIDATE
SUP1:29880
SUP2:29750
RESIST1:30320
RESIST2:30680
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS SOYABEAN (MARCH) OVERVIEW:
TREND BULLISH
SUP1:4115
SUP2:4040
RESIST1:4290
RESIST2:4410
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS SILVER (MAY) OVERVIEW:
TREND CONSOLIDATE
SUP1:46000
SUP2:45700
RESIST1:47400
RESIST2:48400
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927

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