Wednesday, 12 February 2014
BASE METAL WRAP: Copper
futures advanced on Wednesday, after upbeat Chinese trade data eased
fears over a slowdown in the world’s second-largest economy.
CS CRUDE (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:6160
SUP2:6040
RESIST1:6368
RESIST2:6470
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
ENERGY WRAP: West Texas Intermediate crude slid amid speculation that its advance to the highest price in almost four months was excessive. Natural gas futures retreated in New York on speculation that a winter storm in the East this week will give way to milder weather that will reduce demand for the heating fuel.
CS GOLD (APRIL) OVERVIEW:
TREND CONSOLIDATE
SUP1:28890
SUP2:28720
RESIST1:29260
RESIST2:29480
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
PRECIOUS METAL WRAP: Gold held near the highest level in three months as investors weighed prospects for further cuts to U.S. stimulus and signs of waning physical demand. Silver headed for the longest run of advances since 2008.
CS SILVER (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:44150
SUP2:43400
RESIST1:45750
RESIST2:45950
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
GLOBAL EVENTS TO WATCH: Employment Change, Unemployment Rate, Core Retail Sales m/m, Retail Sales m/m, Unemployment Claims, Business Inventories m/m, Natural Gas Storage, 30-y Bond Auction.
CS COPPER (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:444
SUP2:441
RESIST1:449
RESIST2:453
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS CRUDE (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:6160
SUP2:6040
RESIST1:6368
RESIST2:6470
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
ENERGY WRAP: West Texas Intermediate crude slid amid speculation that its advance to the highest price in almost four months was excessive. Natural gas futures retreated in New York on speculation that a winter storm in the East this week will give way to milder weather that will reduce demand for the heating fuel.
CS GOLD (APRIL) OVERVIEW:
TREND CONSOLIDATE
SUP1:28890
SUP2:28720
RESIST1:29260
RESIST2:29480
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
PRECIOUS METAL WRAP: Gold held near the highest level in three months as investors weighed prospects for further cuts to U.S. stimulus and signs of waning physical demand. Silver headed for the longest run of advances since 2008.
CS SILVER (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:44150
SUP2:43400
RESIST1:45750
RESIST2:45950
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
GLOBAL EVENTS TO WATCH: Employment Change, Unemployment Rate, Core Retail Sales m/m, Retail Sales m/m, Unemployment Claims, Business Inventories m/m, Natural Gas Storage, 30-y Bond Auction.
CS COPPER (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:444
SUP2:441
RESIST1:449
RESIST2:453
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
