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Thursday 19 December 2013

COMMODITY MARKET TREND - 20 DECEMBER 2013

BASE METAL WRAP:
Copper climbed for the first time in four days, trimming a weekly drop, as demand from China, the biggest user, is expected to gain while supplies from Indonesia and the Philippines may decline.
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ENERGY WRAP:
West Texas Intermediate oil fell from a two-month high as investors sold contracts to profit from the biggest price surge in more than a week. Natural gas futures climbed in New York to the highest level since July 2011 following a government report that showed a record drop in U.S. inventories.
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PRECIOUS METAL WRAP:
Gold closed at the lower level as traders capitulated after the Federal Reserve said it would begin tapering its monetary stimulus, extending a slide that’s sending the metal to its biggest annual drop since 1981.
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GLOBAL EVENTS TO WATCH:
Monetary Policy Statement, BOJ Press Conference, Current Account, Core CPI m/m, Core Retail Sales m/m, Final GDP q/q, Final GDP Price Index q/q, Fed Chairman Nomination Vote.
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Agri Commodity Market Update
CS CHANA ( JAN. ) OVERVIEW:
TREND CONSOLIDATE
SUP1:2950
SUP2:2875
RESIST1:3085  
RESIST2:3172
TRADING STRATEGY: SELL ON RISE
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CS JEERA (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:12825
SUP2:12740
RESIST1:13240
RESIST2:13540
TRADING STRATEGY: BUY ON DIPS
Share Market tips
CS TURMERIC (APRIL) OVERVIEW:
TREND CONSOLIDATE
SUP1:6456
SUP2:6242
RESIST1:6596
RESIST2:6736
TRADING STRATEGY: BUY ON DIPS
Share Market tips
CS SOYABEAN (JAN.) OVERVIEW:
TREND CONSOLIDATE
SUP1:3800
SUP2:3720
RESIST1:3865
RESIST2:3921
TRADING STRATEGY: BUY ON DIPS
Bullion Commodity Market Update.
CS COPPER (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:454
SUP2:451
RESIST1:465
RESIST2:471
TRADING STRATEGY: BUY ON DIPS
Share Market tips
CS CRUDE (JAN.) OVERVIEW:
TREND CONSOLIDATE
SUP1:6100
SUP2:5970
RESIST1:6250
RESIST2:6370
TRADING STRATEGY: BUY ON DIPS
Share Market tips
CS GOLD (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:27900
SUP2:27340
RESIST1:28650
RESIST2:28920
TRADING STRATEGY: SELL ON RISE
Share Market tips
CS SILVER (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:43100
SUP2:42400  
RESIST1:44100
RESIST2:45480
TRADING STRATEGY:  SELL ON RISE

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