DAILY COMMODITY MARKET STRATEGY-15 JULY 2014

























BASE METAL WRAP: Copper futures ended lower on Monday as steep losses in gold and coming Chinese economic data unnerved some traders. Rising stocks deter investors from betting copper higher.

ENERGY WRAP: West Texas Intermediate crude traded near the lowest price in two months 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. Twelve weeks of above-average gains in U.S. natural gas supply are easing concern over winter fuel shortages and spurring speculators to cut their bets on rising prices.

PRECIOUS METAL WRAP: Gold held above a one-month low on speculation the biggest decline this year may spur demand as holdings in the largest exchange-traded product backed by the metal expanded to the highest level since April.

GLOBAL EVENTS TO WATCH: Monetary Policy Meeting Minutes, Foreign Direct Investment ytd/y, New Loans, M2 Money Supply y/y, Monetary Policy Statement, BOJ Press Conference, CPI y/y, German ZEW Economic Sentiment, BOE Gov Carney Speaks, Core Retail Sales m/m, Retail Sales m/m, Empire State Manufacturing Index, Import Prices m/m, Fed Chair Yellen Testifies, Business Inventories m/m.

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BULLIONS COMMODITY AGRI COMMODITY
CS COPPER (AUG) OVERVIEW:
TREND CONSOLIDATE
SUP1:430
SUP2:428
RESIST1:437
RESIST2:440
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927
CS CHANA (AUGUST) OVERVIEW:
TREND CONSOLIDATE
SUP1:2820
SUP2:2740
RESIST1:2925
RESIST2:3020
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927 +919977499927
CS CRUDE (JULY) OVERVIEW:
TREND BEARISH
SUP1:6010
SUP2:5950
RESIST1:6151
RESIST2:6205
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927
CS JEERA (AUGUST) OVERVIEW:
TREND CONSOLIDATE
SUP1:11400
SUP2:11250
RESIST1:11850
RESIST2:12100
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS GOLD (AUG) OVERVIEW:
TREND CONSOLIDATE
SUP1:27600
SUP2:27300
RESIST1:28250
RESIST2:28600
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927
CS TURMERIC (AUGUST) OVERVIEW:
TREND CONSOLIDATE
SUP1:6316
SUP2:6164
RESIST1:6830
RESIST2:7000
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS SILVER (SEPTEMBER) OVERVIEW:
TREND CONSOLIDATE
SUP1:44280
SUP2:43900
RESIST1:45350
RESIST2:45980
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927
CS SOYABEAN (OCTOBER) OVERVIEW:
TREND CONSOLIDATE
SUP1:3660
SUP2:3590
RESIST1:3780
RESIST2:3870
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927

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