COMMODITY MARKET TREND-05 FEB. 2014

BASE METAL WRAP: Copper dropped for a 10th day, heading for the longest losing streak since at least April 1986, on signs of weakening demand after manufacturing slowed in China and the U.S., the world’s top metals consumers.
CS SILVER (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:42400
SUP2:42000   
RESIST1:44500
RESIST2:45100
TRADING STRATEGY: SELL ON RISE
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ENERGY WRAP: Natural gas futures jumped in New York, rising for the first time in four days, on forecasts for a polar blast that would deplete stockpiles of the heating fuel. West Texas Intermediate crude rose for a second day on speculation a U.S. government report will show distillate inventories fell amid cold weather in the country, the world’s biggest oil consumer.
CS GOLD (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:29580
SUP2:29250
RESIST1:29985
RESIST2:30260
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927

PRECIOUS METAL WRAP: Gold held a decline as a rebound in equity markets damped haven demand amid slower physical purchases during the Lunar New Year holiday.
CS CRUDE (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:6040
SUP2:6004
RESIST1:6170
RESIST2:6200
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927

GLOBAL EVENTS TO WATCH: Services PMI, ADP Non-Farm Employment Change, Building Permits m/m, Final Services PMI, ISM Non-Manufacturing PMI, FOMC Member Tarullo Speaks, Crude Oil Inventories, FOMC Member Plosser Speaks.
CS COPPER (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:440
SUP2:435
RESIST1:446
RESIST2:449
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927