DAILY COMMODITY MARKET STRATEGY 20th MAY 2014














BASE METAL WRAP: Nickel dropped for the first time in three days amid speculation that the rally in prices this year may curb demand for the metal used to make stainless steel.

ENERGY WRAP: West Texas Intermediate traded near a four-week high amid speculation crude supplies will shrink further at Cushing, the biggest U.S. oil-storage hub, halting gains in nationwide stockpiles. Brent was steady in London.

PRECIOUS METAL WRAP: China’s gold demand fell 18 percent in the first quarter as investors in the world’s biggest user bought fewer bars and coins, offsetting record interest in jewelry, the World Gold Council said.

GLOBAL EVENTS TO WATCH: Monetary Policy Meeting Minutes, CPI y/y, FOMC Member Plosser Speaks, FOMC Member Dudley Speaks.

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


AGRI COMMODITY
BULLIONS COMMODITY
CS CHANA (JUNE) OVERVIEW:
TREND BEARISH
SUP1:2950
SUP2:2875
RESIST1:3035
RESIST2:3090
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927 +919977499927
CS COPPER (JUNE) OVERVIEW:
TREND CONSOLIDATE
SUP1: 407
SUP2:404
RESIST1:420
RESIST2:424
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS JEERA (JUNE) OVERVIEW:
TREND CONSOLIDATE
SUP1:10910
SUP2:10760
RESIST1:11465
RESIST2:11670
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS CRUDE (JUNE) OVERVIEW:
TREND CONSOLIDATE
SUP1:5956
SUP2:5930
RESIST1:6110
RESIST2:6184
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS TURMERIC (JUNE) OVERVIEW:
TREND CONSOLIDATE
SUP1:6560
SUP2:6470
RESIST1:6890
RESIST2:6970
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS GOLD (JUNE) OVERVIEW:
TREND CONSOLIDATE
SUP1:27800
SUP2:27340
RESIST1:28400
RESIST2:28800
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927
CS SOYABEAN (JUNE) OVERVIEW:
TREND CONSOLIDATE
SUP1:4340
SUP2:4140
RESIST1:4485
RESIST2:4650
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927
CS SILVER (JULY) OVERVIEW:
TREND CONSOLIDATE
SUP1:40500
SUP2:39900
RESIST1:41350
RESIST2:43000
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927

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