Thursday, 13 February 2014
BASE METAL WRAP:
-Copper prices fell Thursday amid weaker U.S. economic data and as some
investors chose to lock in gains made on a recent rally.
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 headed for a fifth weekly gain, the longest rally in a year, as a U.S. winter storm bolstered energy demand in the world’s biggest oil consumer. Natural gas futures are heading for the first weekly gain since Jan. 24 in New York as frigid weather spurs demand for heating fuel, sending inventories to a 10-year seasonal low.
CS GOLD (APRIL) OVERVIEW:
TREND CONSOLIDATE
SUP1:29100
SUP2:28900
RESIST1:29480
RESIST2:29980
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
PRECIOUS METAL WRAP: Gold headed for the biggest weekly advance since October as U.S. economic data that trailed estimates increased haven demand, with holdings in the biggest exchange-traded product expanding to a two-month high. Silver was set for the longest rally since March 2008.
CS SILVER (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:44800
SUP2:44150
RESIST1:45950
RESIST2:46550
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
GLOBAL EVENTS TO WATCH: CPI y/y, Manufacturing Sales m/m, Import Prices m/m, Capacity Utilization Rate, Industrial Production m/m, Prelim UoM Consumer Sentiment, Prelim UoM Inflation Expectations.
CS COPPER (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:442
SUP2:440
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 headed for a fifth weekly gain, the longest rally in a year, as a U.S. winter storm bolstered energy demand in the world’s biggest oil consumer. Natural gas futures are heading for the first weekly gain since Jan. 24 in New York as frigid weather spurs demand for heating fuel, sending inventories to a 10-year seasonal low.
CS GOLD (APRIL) OVERVIEW:
TREND CONSOLIDATE
SUP1:29100
SUP2:28900
RESIST1:29480
RESIST2:29980
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
PRECIOUS METAL WRAP: Gold headed for the biggest weekly advance since October as U.S. economic data that trailed estimates increased haven demand, with holdings in the biggest exchange-traded product expanding to a two-month high. Silver was set for the longest rally since March 2008.
CS SILVER (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:44800
SUP2:44150
RESIST1:45950
RESIST2:46550
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
GLOBAL EVENTS TO WATCH: CPI y/y, Manufacturing Sales m/m, Import Prices m/m, Capacity Utilization Rate, Industrial Production m/m, Prelim UoM Consumer Sentiment, Prelim UoM Inflation Expectations.
CS COPPER (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:442
SUP2:440
RESIST1:449
RESIST2:453
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
