Thursday, 9 January 2014
BASE METAL WRAP: Copper
futures fell the most in eight weeks amid signs of a slowing economy in
China and speculation that the Federal Reserve will curb U.S. monetary
stimulus, damping prospects for metal demand.
ENERGY WRAP:
Natural gas futures in New York tumbled the most in eight months as
meteorologists predicted a period of warmer weather after this week’s
arctic chill. West Texas Intermediate crude fell to an eight-month low
on surging output, ample supply and reduced fuel use in the U.S., the
world’s biggest oil-consuming country.
PRECIOUS METAL WRAP: Gold
climbed before U.S. jobs data as investors weighed the outlook for
physical demand against speculation that the Federal Reserve may make
further cuts to stimulus. Silver pared the biggest weekly loss since
November.
GLOBAL EVENTS TO WATCH:
Trade Balance, CPI m/m, Manufacturing Production m/m, Employment
Change, Unemployment Rate, Non-Farm Employment Change, Unemployment
Rate, Average Hourly Earnings m/m, NIESR GDP Estimate, IBD/TIPP Economic
Optimism, Wholesale Inventories m/m.
Agri Commodity Market Update
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CS CHANA (FEB.) OVERVIEW:
TREND CONSOLIDATE SUP1:3015 SUP2:2950 RESIST1:3094 RESIST2:3134 TRADING STRATEGY: SELL ON RISE Free Trials CS JEERA (MARCH) OVERVIEW: TREND CONSOLIDATE SUP1:12370 SUP2:12270 RESIST1:12950 RESIST2:13540 TRADING STRATEGY: SELL ON RISE Free Trials CS TURMERIC (APRIL) OVERVIEW: TREND CONSOLIDATE SUP1:6510 SUP2:6370 RESIST1:6940 RESIST2:7250 TRADING STRATEGY: SELL ON RISE Free Trials CS SOYABEAN (FEB.) OVERVIEW: TREND BEARISH SUP1:3600 SUP2:3530 RESIST1:3710 RESIST2:3752 TRADING STRATEGY: SELL ON RISE Free Trials |
Bullion Commodity Market Update.
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CS COPPER (FEB.) OVERVIEW:
TREND BEARISH SUP1:451 SUP2:443 RESIST1:457 RESIST2:462 TRADING STRATEGY: SELL ON RISE Free Trials CS CRUDE (JAN.) OVERVIEW: TREND BEARISH SUP1:5650 SUP2:5570 RESIST1:5785 RESIST2:5874 TRADING STRATEGY: SELL ON RISE Free Trials CS GOLD (FEB.) OVERVIEW: TREND CONSOLIDATE SUP1:28670 SUP2:28490 RESIST1:29060 RESIST2:29280 TRADING STRATEGY: SELL ON RISE Free Trials CS SILVER (MARCH) OVERVIEW: TREND CONSOLIDATE SUP1:43560 SUP2:42430 RESIST1:45740 RESIST2:46700 TRADING STRATEGY: SELL ON RISE Free Trials |
COMMODITY TIPS FOR TODAY
ReplyDeleteSELL COPPER (FEB.) BELOW 456.00 TG-454.50/452.50/450.00 SL-458.50
Free Commodity Tips
SELL LEAD (JAN.) BELOW 130.10 TG-129.60/129.00/128.30 SL-130.80
ReplyDeleteFree intraday tips on mobile