Friday 29 August 2014

DAILY COMMODITY MARKET STRATEGY-29th AUGUST 2014

http://www.capitalstars.com/freetrials.php

BASE METAL WRAP: London copper futures edged higher on Friday, but prices were still on track for their biggest monthly loss since March on worries that rising tensions in Ukraine could set back global growth and hit metals demand.

ENERGY WRAP: West Texas Intermediate headed for the first weekly gain in more than a month as U.S. economic growth beat estimates, bolstering the demand outlook in the world’s largest oil consumer. Brent rose in London.

PRECIOUS METAL WRAP: Gold fell for the first time in four days in London as investors weighed signs of an improving U.S. economy against tension over Ukraine.

GLOBAL EVENTS TO WATCH: ANZ Business Confidence, CPI Flash Estimate y/y, GDP m/m, Core PCE Price Index m/m, Personal Spending m/m, Personal Income m/m, Chicago PMI, Revised UoM Consumer Sentiment, Revised UoM Inflation Expectations.

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COMMODITY
CS COPPER (AUG) OVERVIEW:
TREND CONSOLIDATE
SUP1:414
SUP2:407
RESIST1:420
RESIST2:425
TRADING STRATEGY: SELL ON RISE
WWW.CAPITALSTARS.COM +917316790000
CS CRUDE (SEPTEMBER) OVERVIEW:
TREND CONSOLIDATE
SUP1:5710
SUP2:5640
RESIST1:5825
RESIST2:5900
TRADING STRATEGY: SELL ON RISE
WWW.CAPITALSTARS.COM +917316790000
CS GOLD (OCTOBER) OVERVIEW:
TREND BEARISH
SUP1:27900
SUP2:27680
RESIST1:28270
RESIST2:28360
TRADING STRATEGY: SELL ON RISE
WWW.CAPITALSTARS.COM +917316790000
CS SILVER (SEPTEMBER) OVERVIEW:
TREND CONSOLIDATE
SUP1:41700
SUP2:40500
RESIST1:42570
RESIST2:43000
TRADING STRATEGY: SELL ON RISE
WWW.CAPITALSTARS.COM +917316790000

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