BASE METAL WRAP:
Copper advanced in London, poised for a weekly gain, on expectation a planned ban on all ore exports from Indonesia will curb supplies. Nickel and aluminum rose and tin reached the highest in more than five weeks.
ENERGY WRAP:
West Texas Intermediate traded near the highest price in almost six weeks as China’s net crude imports rebounded in November and the U.S. jobless rate fell, signaling a recovery in the world’s biggest oil consumers.
PRECIOUS METAL WRAP:
Gold fluctuated after dropping to a five-month low as investors assessed the probability of a reduction in monetary stimulus this month after the U.S. added more workers than forecast in November.
GLOBAL EVENTS TO WATCH:
CPI y/y, PPI y/y, BOE Gov Carney Speaks, FOMC Member Bullard Speaks.
Copper advanced in London, poised for a weekly gain, on expectation a planned ban on all ore exports from Indonesia will curb supplies. Nickel and aluminum rose and tin reached the highest in more than five weeks.
ENERGY WRAP:
West Texas Intermediate traded near the highest price in almost six weeks as China’s net crude imports rebounded in November and the U.S. jobless rate fell, signaling a recovery in the world’s biggest oil consumers.
PRECIOUS METAL WRAP:
Gold fluctuated after dropping to a five-month low as investors assessed the probability of a reduction in monetary stimulus this month after the U.S. added more workers than forecast in November.
GLOBAL EVENTS TO WATCH:
CPI y/y, PPI y/y, BOE Gov Carney Speaks, FOMC Member Bullard Speaks.
Agri Commodity Market Update
CS CHANA ( JAN. ) OVERVIEW:
TREND CONSOLIDATE
SUP1:3015
SUP2:2950
RESIST1:3127
RESIST2:3200
TRADING STRATEGY: SELL ON RISE
CS JEERA (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:12720
SUP2:12640
RESIST1:12950
RESIST2:13060
TRADING STRATEGY: SELL ON RISE
CS TURMERIC(AP)OVERVIEW:
TREND CONSOLIDATE
SUP1:5640
SUP2:5470
RESIST1:6056
RESIST2:6092
TRADING STRATEGY: SELL ON RISE
CS SOYABEAN (JAN.) OVERVIEW:
TREND CONSOLIDATE
SUP1:3700
SUP2:3530
RESIST1:3830
RESIST2:3925
TRADING STRATEGY: SELL ON RISE
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Bullion Commodity Market Update.
CS COPPER (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:440
SUP2:436
RESIST1:454
RESIST2:457
TRADING STRATEGY: SELL ON RISE
CS CRUDE (DEC.) OVERVIEW:
TREND CONSOLIDATE
SUP1:5940
SUP2:5885
RESIST1:6110
RESIST2:6350
TRADING STRATEGY: BUY ON DIPS
CS GOLD (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:28320
SUP2:27340
RESIST1:29615
RESIST2:29960
TRADING STRATEGY: SELL ON RISE
CS SILVER (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:43140
SUP2:42400
RESIST1:45130
RESIST2:45850
TRADING STRATEGY: SELL ON RISE
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