Thursday 26 December 2013

COMMODITY MARKET TREND - 27 DECEMBER 2013

BASE METAL WRAP:
Copper rose to a four-month high as fewer Americans than forecast filed applications for unemployment benefits and as China maintained its growth trajectory, adding to signs of recovery in the biggest users.

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ENERGY WRAP:
West Texas Intermediate crude rose to a two-month high on a report showing that fewer Americans than projected filed applications for unemployment benefits. Natural gas advanced from a one-week low in New York on speculation that a government report tomorrow will show a bigger-than-average stockpile decline.

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PRECIOUS METAL WRAP:

Gold swung near a one-week high, heading for a monthly and quarterly loss as the Federal Reserve scales back stimulus amid a strengthening U.S. economy.

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GLOBAL EVENTS TO WATCH:

Natural Gas Storage, Crude Oil Inventories

Agri Commodity Market Update
CS CHANA ( JAN) OVERVIEW:
TREND CONSOLIDATE
SUP1:3060
SUP2:3025
RESIST1:3172  
RESIST2:3194
TRADING STRATEGY: BUY ON DIPS

CS JEERA (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:12400
SUP2:12180
RESIST1:12760
RESIST2:13070
TRADING STRATEGY: SELL ON RISE

CS TURMERIC (APRIL) OVERVIEW:
TREND BULLISH
SUP1:6230
SUP2:6050
RESIST1:6470
RESIST2:6590
TRADING STRATEGY: BUY ON DIPS

CS SOYABEAN (JAN) OVERVIEW:
TREND CONSOLIDATE
SUP1:3775
SUP2:3720
RESIST1:3920
RESIST2:3950
TRADING STRATEGY: SELL ON RISE
Bullion Commodity Market Update.
CS COPPER (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:462
SUP2:456
RESIST1:474
RESIST2:482
TRADING STRATEGY: BUY ON DIPS

CS CRUDE (JAN.) OVERVIEW:
TREND CONSOLIDATE
SUP1:6130
SUP2:5970
RESIST1:6250
RESIST2:6350
TRADING STRATEGY: SELL ON RISE

CS GOLD (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:28270
SUP2:27340
RESIST1:28920
RESIST2:28990
TRADING STRATEGY: SELL ON RISE

CS SILVER (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:44290
SUP2:43560  
RESIST1:45950
RESIST2:47280
TRADING STRATEGY: BUY ON DIPS

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