BASE METAL WRAP: Aluminium slid to its lowest level in more than four years on Wednesday as speculators piled pressure on a market already weighed down by a global surplus.
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ENERGY WRAP: West Texas Intermediate traded near the lowest price in almost six months as crude stockpiles rose for a 10th week in the U.S., the world’s biggest oil consumer.
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PRECIOUS METAL WRAP: Gold futures declined for the third straight day after a report showed rising confidence among American consumers, boosting speculation that the Federal Reserve will scale back monetary stimulus.
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GLOBAL EVENTS TO WATCH: BOE Gov Carney Speaks, Bank Holiday.
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ENERGY WRAP: West Texas Intermediate traded near the lowest price in almost six months as crude stockpiles rose for a 10th week in the U.S., the world’s biggest oil consumer.
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PRECIOUS METAL WRAP: Gold futures declined for the third straight day after a report showed rising confidence among American consumers, boosting speculation that the Federal Reserve will scale back monetary stimulus.
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GLOBAL EVENTS TO WATCH: BOE Gov Carney Speaks, Bank Holiday.
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Commodity market
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CS COPPER (NOV.) OVERVIEW:TREND CONSOLIDATE SUP1:438 SUP2:436 RESIST1:447 RESIST2:451 TRADING STRATEGY: SELL ON RISE ------------------------------ CS CRUDE (DEC.) OVERVIEW: TREND BEARISH SUP1:5752 SUP2:5712 RESIST1:5850 RESIST2:5945 TRADING STRATEGY: SELL ON RISE ------------------------------ CS GOLD (DEC.) OVERVIEW: TREND CONSOLIDATE SUP1:29480 SUP2:29275 RESIST1:30500 RESIST2:30840 TRADING STRATEGY: SELL ON RISE ------------------------------ CS SILVER (DEC.) OVERVIEW: TREND BEARISH SUP1:43925 SUP2:42600 RESIST1:45130 RESIST2:45950 TRADING STRATEGY: SELL ON RISE |
Agri Market
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CS CHANA (DEC.) OVERVIEW:TREND BEARISH SUP1:3009 SUP2:2980 RESIST1:3055 RESIST2:3090 TRADING STRATEGY: SELL ON RISE ------------------------------ CS JEERA (DEC.) OVERVIEW: TREND CONSOLIDATE SUP1:12500 SUP2:12300 RESIST1:12940 RESIST2:13000 TRADING STRATEGY: BUY ON DIPS ------------------------------ CS TURMERIC (DEC.) OVERVIEW: TREND CONSOLIDATE SUP1:5044 SUP2:4946 RESIST1:5420 RESIST2:5500 TRADING STRATEGY: BUY ON DIPS ------------------------------ CS SOYABEAN (DEC.) OVERVIEW: TREND CONSOLIDATE SUP1:3800 SUP2:3740 RESIST1:3950 RESIST2:3990 TRADING STRATEGY: BUY ON DIPS |
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