Monday 21 July 2014

DAILY COMMODITY MARKET STRATEGY-22 JULY 2014

























BASE METAL WRAP: 
Aluminum entered a bull market in London and traded near the highest in 16 months on speculation demand will exceed supply for the metal used in everything from cars to packaging.

ENERGY WRAP:
 
West Texas Intermediate rose for a second day before stockpile data that may signal the strength of fuel demand in the U.S., the world’s biggest oil consumer. Brent also increased in London. Natural gas futures slipped in New York to the lowest price in more than seven months as meteorologists predicted mild weather, which would curtail demand from power plants and help narrow a stockpile deficit.

PRECIOUS METAL WRAP:
 
Gold traded below the highest level in more than three months as the dollar strengthened amid the outlook for higher U.S. borrowing costs, countering haven demand fueled by tension in Ukraine and Gaza.

GLOBAL EVENTS TO WATCH: 
Core CPI m/m, CPI m/m, HPI m/m, Existing Home Sales, Richmond Manufacturing Index, CPI q/q, Trimmed Mean CPI q/q.

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AGRI COMMODITY
BULLIONS COMMODITY
CS CHANA (AUGUST) OVERVIEW:
TREND CONSOLIDATE
SUP1:2840
SUP2:2740
RESIST1:2925
RESIST2:2990
TRADING STRATEGY: SELL ON RISE
WWW.CAPITALSTARS.COM +917316790000
CS COPPER (AUG) OVERVIEW:
TREND CONSOLIDATE
SUP1:425
SUP2:422
RESIST1:432
RESIST2:437
TRADING STRATEGY: SELL ON RISE
WWW.CAPITALSTARS.COM +917316790000
CS JEERA (AUGUST) OVERVIEW:
TREND CONSOLIDATE
SUP1:11400
SUP2:11250
RESIST1:11780
RESIST2:11900
TRADING STRATEGY: SELL ON RISE
WWW.CAPITALSTARS.COM +917316790000
CS CRUDE (AUGUST) OVERVIEW:
TREND CONSOLIDATE
SUP1:6115
SUP2:6035
RESIST1:6290
RESIST2:6370
TRADING STRATEGY: BUY ON DIPS
WWW.CAPITALSTARS.COM +917316790000
CS TURMERIC (AUGUST) OVERVIEW:
TREND CONSOLIDATE
SUP1:6420
SUP2:6316
RESIST1:6830
RESIST2:7000
TRADING STRATEGY: BUY ON DIPS
WWW.CAPITALSTARS.COM +917316790000
CS GOLD (AUG) OVERVIEW:
TREND CONSOLIDATE
SUP1:27740
SUP2:27550
RESIST1:28100
RESIST2:28600
TRADING STRATEGY: SELL ON RISE
WWW.CAPITALSTARS.COM +917316790000
CS SOYABEAN (OCTOBER) OVERVIEW:
TREND CONSOLIDATE
SUP1:3770
SUP2:3660
RESIST1:3860
RESIST2:3950
TRADING STRATEGY: SELL ON RISE
WWW.CAPITALSTARS.COM +917316790000
CS SILVER (SEPTEMBER) OVERVIEW:
TREND CONSOLIDATE
SUP1:44750
SUP2:43900
RESIST1:45300
RESIST2:46000
TRADING STRATEGY: SELL ON RISE
WWW.CAPITALSTARS.COM +917316790000

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