DAILY COMMODITY MARKET STRATEGY-17 JUNE 2014

BASE METAL WRAP: 

Copper futures rose for the second straight session on signs that demand will pick up as economies gain in China, the world’s top consumer of industrial metals, and the U.S. manufacturing output and factory data, the second-biggest.

ENERGY WRAP: 

West Texas Intermediate fell as a technical indicator shows last week’s increase to the highest price in nine months was excessive. Brent in London dropped amid speculation Iraqi forces will slow the advance of insurgents. U.S. crude inventories probably shrank by 750,000 barrels in the week ended June 13.

PRECIOUS METAL WRAP: 

Gold extended a decline from the highest level in three weeks before the U.S. Federal Reserve begins a two-day policy meeting today and as investors assessed the tension in Iraq and Ukraine. Silver for immediate delivery decreased 0.4 percent to $19.5828 an ounce. Silver is taking its cues from gold but also being weighed down by the IMF downgrade of US growth and disappointing data from China.

GLOBAL EVENTS TO WATCH: 

Monetary Policy Meeting Minutes, CPI y/y, German ZEW Economic Sentiment, Building Permits, Core CPI m/m, CPI m/m, Housing Starts.

For any query Contact us to : 0731-6790000,6669900
Click here: capitalstars.com

BULLIONS COMMODITY	AGRI COMMODITY
CS COPPER (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1: 405 SUP2:400 RESIST1:410 RESIST2:416 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927	CS CHANA (JULY) OVERVIEW: TREND CONSOLIDATE SUP1:2870 SUP2:2830 RESIST1:2935 RESIST2:2982 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927 +919977499927
CS CRUDE (JUNE) OVERVIEW: TREND BULLISH SUP1:6400 SUP2:6350 RESIST1:6475 RESIST2:6550 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927	CS JEERA (JULY) OVERVIEW: TREND CONSOLIDATE SUP1:10760 SUP2:10700 RESIST1:10980 RESIST2:11080 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927
CS GOLD (AUG) OVERVIEW: TREND CONSOLIDATE SUP1:26490 SUP2:26190 RESIST1:27100 RESIST2:27525 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927	CS TURMERIC (JULY) OVERVIEW: TREND CONSOLIDATE SUP1:6200 SUP2:6150 RESIST1:6440 RESIST2:6680 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927
CS SILVER (JULY) OVERVIEW: TREND CONSOLIDATE SUP1:41900 SUP2:41400 RESIST1:43000 RESIST2:43840 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927	CS SOYABEAN (JULY) OVERVIEW: TREND BEARISH SUP1:4140 SUP2:4050 RESIST1:4200 RESIST2:4230 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927