COMMODITY MARKET TREND - 28 JANUARY 2014

BASE METAL WRAP: Copper futures regained strength on Monday to bounce off a six-week low, as a broadly weaker U.S. dollar boosted the appeal of the industrial metal.
 CS COPPER (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:451
SUP2:443
RESIST1:462
RESIST2:468
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927

ENERGY WRAP: West Texas Intermediate crude fell for a second day as purchases of new U.S. homes missed forecasts, raising concern that fuel demand may slow in the world’s leading consumer of oil. Natural gas futures plunged in New York, declining from the highest price in almost four years, as forecasts showed mostly normal weather on the East Coast in early February.
CS CRUDE (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:6000
SUP2:5930
RESIST1:6135
RESIST2:6174
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927

PRECIOUS METAL WRAP: Gold held a decline from the highest level in more than two months as the U.S. Federal Reserve was expected to trim stimulus just as physical demand in Asia slows before the Lunar New Year. Platinum snapped a three-day drop.
CS GOLD (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:29450
SUP2:29390
RESIST1:29890
RESIST2:30015
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927

GLOBAL EVENTS TO WATCH: NAB Business Confidence, Prelim GDP q/q, Core Durable Goods Orders m/m, Durable Goods Orders m/m, S&P/CS Composite-20 HPI y/y, CB Consumer Confidence, Richmond Manufacturing Index.  
CS SILVER (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:43560
SUP2:42430   
RESIST1:45740
RESIST2:46700
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927