DAILY COMMODITY MARKET STRATEGY 23rd MAY 2014



















BASE METAL WRAP: Copper headed for a third weekly advance, the longest winning streak since February, on improving factory output in China and the U.S., the world’s largest consumers of the metal, amid shrinking stockpiles.

ENERGY WRAP: West Texas Intermediate headed for its third weekly advance as declining U.S. crude stockpiles signaled rising fuel demand in the world’s biggest oil consumer. Brent was steady in London.

PRECIOUS METAL WRAP: Gold traded below $1,300 an ounce, little changed this week, as investors assessed the health of the U.S. economy and the impact on monetary stimulus. Platinum and palladium were poised for a second week of gains.

GLOBAL EVENTS TO WATCH: German Ifo Business Climate, Core CPI m/m, New Home Sales.

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


AGRI COMMODITY
BULLIONS COMMODITY
CS CHANA (JUNE) OVERVIEW:
TREND BEARISH
SUP1:2875
SUP2:2760
RESIST1:3035
RESIST2:3090
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927 +919977499927
CS COPPER (JUNE) OVERVIEW:
TREND CONSOLIDATE
SUP1: 404
SUP2:400
RESIST1:415
RESIST2:420
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS JEERA (JUNE) OVERVIEW:
TREND CONSOLIDATE
SUP1:10910
SUP2:10760
RESIST1:11465
RESIST2:11670
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927
CS CRUDE (JUNE) OVERVIEW:
TREND CONSOLIDATE
SUP1:6045
SUP2:5985
RESIST1:6184
RESIST2:6220
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS TURMERIC (JUNE) OVERVIEW:
TREND CONSOLIDATE
SUP1:6220
SUP2:6070
RESIST1:6710
RESIST2:6852
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927
CS GOLD (JUNE) OVERVIEW:
TREND BEARISH
SUP1:26920
SUP2:26240
RESIST1:27860
RESIST2:28300
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927
CS SOYABEAN (JUNE) OVERVIEW:
TREND CONSOLIDATE
SUP1:4450
SUP2:4320
RESIST1:4600
RESIST2:4660
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS SILVER (JULY) OVERVIEW:
TREND CONSOLIDATE
SUP1:40500
SUP2:39900
RESIST1:41750
RESIST2:43000
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927

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