DAILY COMMODITY MARKET STRATEGY-4th JUNE 2014


















BASE METAL WRAP: Copper fell to the lowest level in two weeks on signs of slowing Chinese demand and amid reports of a probe into metals warehousing at the country’s Qingdao port.

ENERGY WRAP:
West Texas Intermediate rose for a second day after an industry report showed crude inventories declined in the U.S., the world’s biggest oil consumer. Brent was steady in London.

PRECIOUS METAL WRAP: Gold held near a four-month low as investors awaited a European Central Bank meeting at which policy makers may add to stimulus and a U.S. labor report that may back further cuts to the Federal Reserve’s bond purchases.

GLOBAL EVENTS TO WATCH: GDP q/q, Services PMI, G7 Meetings, ADP Non-Farm Employment Change, Trade Balance, Trade Balance, Revised Nonfarm Productivity q/q, Revised Unit Labor Costs q/q, Final Services PMI, BOC Rate Statement, Overnight Rate, ISM Non-Manufacturing PMI, Crude Oil Inventories, Beige Book.

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

BULLIONS COMMODITY
AGRI COMMODITY
CS COPPER (JUNE) OVERVIEW:
TREND CONSOLIDATE
SUP1: 407
SUP2:404
RESIST1:417
RESIST2:419
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927
CS CHANA (JUNE) OVERVIEW:
TREND CONSOLIDATE
SUP1:2740
SUP2:2695
RESIST1:2880
RESIST2:2952
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927 +919977499927
CS CRUDE (JUNE) OVERVIEW:
TREND CONSOLIDATE
SUP1:6050
SUP2:6000
RESIST1:6140
RESIST2:6200
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS JEERA (JUNE) OVERVIEW:
TREND CONSOLIDATE
SUP1:10710
SUP2:10500
RESIST1:11260
RESIST2:11460
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927
CS GOLD (AUG) OVERVIEW:
TREND CONSOLIDATE
SUP1:25600
SUP2:24960
RESIST1:26000
RESIST2:26300
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927
CS TURMERIC (JUNE) OVERVIEW:
TREND CONSOLIDATE
SUP1:5950
SUP2:5900
RESIST1:6170
RESIST2:6320
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS SILVER (JULY) OVERVIEW:
TREND CONSOLIDATE
SUP1:39300
SUP2:38500
RESIST1:40200
RESIST2:40900
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927
CS SOYABEAN (JUNE) OVERVIEW:
TREND CONSOLIDATE
SUP1:4320
SUP2:4140
RESIST1:4505
RESIST2:4672
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927

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