commodity market update 20 Feb. 2014

BASE METAL WRAP: Copper dropped by the most in a week, leading industrial metals lower, after a manufacturing gauge for China declined more than estimated, damping demand prospects in the world’s biggest user of metals.
CS CRUDE (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:6338
SUP2:6280
RESIST1:6477
RESIST2:6582
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM  +919200099927

ENERGY WRAP: West Texas Intermediate retreated from the highest price since October after a Chinese manufacturing index slid to a seven-month low, signaling demand may slow from the world’s second-biggest oil consumer. Natural gas futures dropped from a five-year high in New York amid speculation that the biggest gain in 20 months was excessive.
CS GOLD (APRIL) OVERVIEW:
TREND CONSOLIDATE
SUP1:29520
SUP2:29320
RESIST1:30300
RESIST2:30520
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927

PRECIOUS METAL WRAP: Gold held losses after a two-day drop on expectations that the Federal Reserve will continue to taper stimulus in the U.S. and as holdings in the largest exchange-traded fund shrank by the most in two months.          
CS SILVER (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:46700
SUP2:45740   
RESIST1:48100
RESIST2:49240
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927

GLOBAL EVENTS TO WATCH: FOMC Meeting Minutes, PPI Input q/q, HSBC Flash Manufacturing PMI, French Flash Manufacturing PMI, French Flash Services PMI, German Flash Manufacturing PMI, German Flash Services PMI, Core CPI m/m, Unemployment Claims, CPI m/m, Flash Manufacturing PMI, Philly Fed Manufacturing Index, Mortgage Delinquencies, CB Leading Index m/m, Natural Gas Storage, Crude Oil Inventories.
CS COPPER (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:446
SUP2:443
RESIST1:452
RESIST2:454
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM  +919200099927