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- COMMODITY MARKET TREND-10 FEB. 2014
Posted by : Simran Shah
Sunday, 9 February 2014
BASE METAL WRAP: Copper rose for a second day, heading for a weekly advance, as stockpiles declined and biggest-user China returned from Lunar New Year holidays.
CS SILVER (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:44150
SUP2:43400
RESIST1:45750
RESIST2:45950
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927
ENERGY WRAP: West Texas Intermediate crude traded near $100 a barrel as a decline in U.S. unemployment bolstered the outlook for fuel demand in the country, the world’s biggest oil consumer.
CS GOLD (APRIL) OVERVIEW:
TREND CONSOLIDATE
SUP1:28600
SUP2:28260
RESIST1:29100
RESIST2:29480
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927
PRECIOUS METAL WRAP: Gold held gains after posting the biggest weekly advance in more than a month as U.S. jobs data missed estimates and Chinese buyers returned after the Lunar New Year break. Silver was set to snap the longest rally this year.
CS CRUDE (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:6100
SUP2:6040
RESIST1:6272
RESIST2:6348
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
GLOBAL EVENTS TO WATCH: French Industrial Production m/m, Italian Industrial Production m/m.
CS COPPER (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:444
SUP2:440
RESIST1:449
RESIST2:452
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS SILVER (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:44150
SUP2:43400
RESIST1:45750
RESIST2:45950
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927
ENERGY WRAP: West Texas Intermediate crude traded near $100 a barrel as a decline in U.S. unemployment bolstered the outlook for fuel demand in the country, the world’s biggest oil consumer.
CS GOLD (APRIL) OVERVIEW:
TREND CONSOLIDATE
SUP1:28600
SUP2:28260
RESIST1:29100
RESIST2:29480
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927
PRECIOUS METAL WRAP: Gold held gains after posting the biggest weekly advance in more than a month as U.S. jobs data missed estimates and Chinese buyers returned after the Lunar New Year break. Silver was set to snap the longest rally this year.
CS CRUDE (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:6100
SUP2:6040
RESIST1:6272
RESIST2:6348
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
GLOBAL EVENTS TO WATCH: French Industrial Production m/m, Italian Industrial Production m/m.
CS COPPER (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:444
SUP2:440
RESIST1:449
RESIST2:452
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
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