DAILY COMMODITY MARKET STRATEGY 13th MAY 2014























BASE METAL WRAP: Nickel climbed for a sixth day to trade near a 27-month high as Vale SA said operations remain halted at a plant in New Caledonia, further crimping supply that’s been hit by Indonesia’s ban on ore exports.

ENERGY WRAP:
West Texas Intermediate traded near a three-day high amid speculation that crude stockpiles declined a second week in the U.S., the world’s biggest oil consumer. Brent was steady in London.

PRECIOUS METAL WRAP: Gold held above the lowest level in more than a week as investors weighed the dollar’s strength against escalating tension in Ukraine.

GLOBAL EVENTS TO WATCH: Industrial Production y/y, German ZEW Economic Sentiment, Annual Budget Release, NFIB Small Business Index, Core Retail Sales m/m, Retail Sales m/m, Import Prices m/m, Business Inventories m/m.

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


BULLIONS COMMODITY
AGRI COMMODITY
CS COPPER (JUNE) OVERVIEW:
TREND CONSOLIDATE
SUP1: 414
SUP2:407
RESIST1:420
RESIST2:424
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS CHANA (JUNE) OVERVIEW:
TREND BEARISH
SUP1:2995
SUP2:2950
RESIST1:3115
RESIST2:3200
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927 +919977499927
CS CRUDE (MAY) OVERVIEW:
TREND CONSOLIDATE
SUP1:5930
SUP2:5825
RESIST1:6140
RESIST2:6205
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS JEERA (JUNE) OVERVIEW:
TREND CONSOLIDATE
SUP1:10760
SUP2:10500
RESIST1:11465
RESIST2:11670
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS GOLD (JUNE) OVERVIEW:
TREND CONSOLIDATE
SUP1:28200
SUP2:28000
RESIST1:28800
RESIST2:29100
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927
CS TURMERIC (JUNE) OVERVIEW:
TREND CONSOLIDATE
SUP1:6470
SUP2:6200
RESIST1:6890
RESIST2:6970
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927
CS SILVER (JULY) OVERVIEW:
TREND CONSOLIDATE
SUP1:40500
SUP2:39900
RESIST1:42380
RESIST2:43000
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927
CS SOYABEAN (JUNE) OVERVIEW:
TREND CONSOLIDATE
SUP1:4640
SUP2:4505
RESIST1:4820
RESIST2:4870
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927

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