DAILY COMMODITY MARKET STRATEGY 22nd MAY 2014





















BASE METAL WRAP: London copper edged up on Thursday from a nine-day low hit the session before after Federal Reserve meeting minutes reassured markets that discussions around rate hikes were "prudent planning" and not a sign hikes would come any time soon.

ENERGY WRAP: West Texas Intermediate traded near the highest price in more than four weeks after a Chinese manufacturing gauge rose, signaling a stabilizing economy in the world’s second-biggest oil consumer. Brent was steady in London.

PRECIOUS METAL WRAP: Gold fell on Wednesday as the dollar climbed and equities maintained gains after minutes of the U.S. Federal Reserve's last policy meeting showed the central bank began to lay groundwork for an eventual retreat from stimulus but no final decisions were taken. The RBI eased tough gold import rules on Wednesday by allowing seven more private agencies to ship the precious metal.

GLOBAL EVENTS TO WATCH:
HSBC Flash Manufacturing PMI, French Flash Manufacturing PMI, German Flash Manufacturing PMI, Second Estimate GDP q/q, Core Retail Sales m/m, Unemployment Claims, Flash Manufacturing PMI, Existing Home Sales, CB Leading Index m/m, Natural Gas Storage.

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

BULLIONS COMMODITY
AGRI COMMODITY
CS COPPER (JUNE) OVERVIEW:
TREND CONSOLIDATE
SUP1: 407
SUP2:404
RESIST1:415
RESIST2:420
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS CHANA (JUNE) OVERVIEW:
TREND BEARISH
SUP1:2875
SUP2:2760
RESIST1:3035
RESIST2:3090
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927 +919977499927
CS CRUDE (JUNE) OVERVIEW:
TREND CONSOLIDATE
SUP1:6045
SUP2:5985
RESIST1:6184
RESIST2:6220
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 GOLD (JUNE) OVERVIEW:
TREND BEARISH
SUP1:27000
SUP2:26240
RESIST1:27860
RESIST2:28300
TRADING STRATEGY: SELL ON RISE
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 SILVER (JULY) OVERVIEW:
TREND CONSOLIDATE
SUP1:40500
SUP2:39900
RESIST1:41750
RESIST2:43000
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

1 comment: