BASE METAL WRAP:
Zinc prices rose to a 35-month high as inventories dwindled amid speculation that increasing auto sales in China and the U.S. will boost metal use.
ENERGY WRAP:
West Texas Intermediate crude traded near the lowest price in more than a month before inventory data that may signal the strength of fuel demand in the U.S., the world’s biggest oil consumer. Brent was steady in London.
PRECIOUS METAL WRAP:
Gold rose as a decline in equities and the dollar spurred demand for an alternative investment amid increased holdings in the largest exchange-traded fund. Palladium headed for the longest rally in 14 years.
GLOBAL EVENTS TO WATCH:
CPI y/y, PPI y/y, Crude Oil Inventories, 10-y Bond Auction, FOMC Meeting Minutes.
BULLION COMMODITY | AGRI COMMODITY |
CS
COPPER (AUG) OVERVIEW:
TREND
CONSOLIDATE
SUP1:431
SUP2:427
RESIST1:437
RESIST2:440
TRADING
STRATEGY: BUY ON DIPS
CAPITALSTARS.COM
+919200099927 |
CS
CHANA (AUGUST) OVERVIEW:
TREND
BEARISH
SUP1:2740
SUP2:2695
RESIST1:2840
RESIST2:2925
TRADING
STRATEGY: SELL ON RISE
CAPITALSTARS.COM
+919200099927 +919977499927 |
CS
CRUDE (JULY) OVERVIEW:
TREND
BEARISH
SUP1:6160
SUP2:6110
RESIST1:6290
RESIST2:6335
TRADING
STRATEGY: SELL ON RISE
CAPITALSTARS.COM
+919200099927 |
CS
JEERA (AUGUST) OVERVIEW:
TREND
BULLISH
SUP1:11370
SUP2:11250
RESIST1:11700
RESIST2:11820
TRADING
STRATEGY: BUY ON DIPS
CAPITALSTARS.COM
+919200099927 |
CS
GOLD (AUG) OVERVIEW:
TREND
CONSOLIDATE
SUP1:27300
SUP2:27100
RESIST1:27700
RESIST2:28000
TRADING
STRATEGY: BUY ON DIPS
CAPITALSTARS.COM
+919200099927 |
CS
TURMERIC (AUGUST) OVERVIEW:
TREND
CONSOLIDATE
SUP1:6430
SUP2:6316
RESIST1:6830
RESIST2:7050
TRADING
STRATEGY: BUY ON DIPS
CAPITALSTARS.COM
+919200099927 |
CS
SILVER (SEPTEMBER) OVERVIEW:
TREND
CONSOLIDATE
SUP1:44000
SUP2:43600
RESIST1:45150
RESIST2:45700
TRADING
STRATEGY:BUY ON DIPS
CAPITALSTARS.COM
+919200099927 |
CS
SOYABEAN (OCTOBER) OVERVIEW:
TREND
CONSOLIDATE
SUP1:3690
SUP2:3660
RESIST1:3870
RESIST2:3945
TRADING
STRATEGY: SELL ON RISE
CAPITALSTARS.COM
+919200099927 |
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