Tuesday 7 January 2014
BASE METAL WRAP:
Copper fell for the third time in four sessions in New York on concern
that new financing rules may curb demand in China, the world’s biggest
user of the metal.
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ENERGY WRAP: West Texas Intermediate rose for a second day on speculation government data will show crude stockpiles declined a sixth week in the U.S., the world’s biggest oil consumer. Natural gas futures slid in New York on forecasts for milder weather that would reduce demand for the heating fuel after today’s arctic blast.
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PRECIOUS METAL WRAP: Gold fell as the dollar held gains before the release of minutes from the Federal Reserve’s last meeting amid expectations that the central bank will continue to wind back stimulus as the U.S. economy improves.
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GLOBAL EVENTS TO WATCH: ADP Non-Farm Employment Change, Crude Oil Inventories, 10-y Bond Auction.
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ENERGY WRAP: West Texas Intermediate rose for a second day on speculation government data will show crude stockpiles declined a sixth week in the U.S., the world’s biggest oil consumer. Natural gas futures slid in New York on forecasts for milder weather that would reduce demand for the heating fuel after today’s arctic blast.
Free Trials
PRECIOUS METAL WRAP: Gold fell as the dollar held gains before the release of minutes from the Federal Reserve’s last meeting amid expectations that the central bank will continue to wind back stimulus as the U.S. economy improves.
Free Trials
GLOBAL EVENTS TO WATCH: ADP Non-Farm Employment Change, Crude Oil Inventories, 10-y Bond Auction.
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 BULLISH SUP1:6680 SUP2:6630 RESIST1:7000 RESIST2:7250 TRADING STRATEGY: BUY ON DIPS Free Trials CS SOYABEAN (FEB.) OVERVIEW: TREND BEARISH SUP1:3622 SUP2:3530 RESIST1:3705 RESIST2:3752 TRADING STRATEGY: SELL ON RISE Free Trials |
Bullion Commodity Market Update.
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CS COPPER (FEB.) OVERVIEW:
TREND CONSOLIDATE SUP1:462 SUP2:456 RESIST1:469 RESIST2:474 TRADING STRATEGY: SELL ON RISE Free Trials CS CRUDE (JAN.) OVERVIEW: TREND CONSOLIDATE SUP1:5784 SUP2:5750 RESIST1:5940 RESIST2:6000 TRADING STRATEGY: SELL ON RISE Free Trials CS GOLD (FEB.) OVERVIEW: TREND CONSOLIDATE SUP1:28690 SUP2:28490 RESIST1:29060 RESIST2:29280 TRADING STRATEGY: SELL ON RISE Free Trials CS SILVER (MARCH) OVERVIEW: TREND BEARISH SUP1:43560 SUP2:42430 RESIST1:45740 RESIST2:46700 TRADING STRATEGY: SELL ON RISEFree Trials |
