DAILY COMMODITY MARKET STRATEGY-24 JUNE 2014



















BASE METAL WRAP: 
Copper dropped for the first time in eight days on signs of slowing demand in China, the biggest consumer, amid a probe into possible fraud involving metals stockpiled at Qingdao Port.
 
ENERGY WRAP: 
Natural gas futures dropped to a four-week low in New York on speculation that a spell of mild weather will cause bigger-than-average stockpile gains. Brent dropped for a third day and West Texas Intermediate declined amid speculation that Iraqi oil production wont be disrupted by escalating violence in OPEC’s second-largest producer.

PRECIOUS METAL WRAP: 
Gold prices dipped Tuesday in Asia on profit taking with a mix of geopolitical uncertainty over Iraq and continued easy policy offering support triggers.

GLOBAL EVENTS TO WATCH: 
German Ifo Business Climate, Inflation Report Hearings, FOMC Member Plosser Speaks, S&P/CS Composite-20 HPI y/y, HPI m/m, CB Consumer Confidence, New Home Sales, Richmond Manufacturing Index, Treasury Sec Lew Speaks.

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AGRI COMMODITY
BULLIONS COMMODITY
CS CHANA (JULY) OVERVIEW:
TREND CONSOLIDATE
SUP1:2750
SUP2:2695
RESIST1:2876
RESIST2:2935
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927 +919977499927
CS COPPER (JUNE) OVERVIEW:
TREND CONSOLIDATE
SUP1:415
SUP2:412
RESIST1:421
RESIST2:423
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS JEERA (JULY) OVERVIEW:
TREND BULLISH
SUP1:11225
SUP2:11000
RESIST1:11450
RESIST2:11700
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS CRUDE (JULY) OVERVIEW:
TREND CONSOLIDATE
SUP1:6340
SUP2:6310
RESIST1:6450
RESIST2:6500
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS TURMERIC (JULY) OVERVIEW:
TREND BULLISH
SUP1:6580
SUP2:6470
RESIST1:6710
RESIST2:6870
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS GOLD (AUG) OVERVIEW:
TREND CONSOLIDATE
SUP1:27400
SUP2:27100
RESIST1:27900
RESIST2:28300
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS SOYABEAN (JULY) OVERVIEW:
TREND BEARISH
SUP1:3930
SUP2:3885
RESIST1:4050
RESIST2:4135
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927
CS SILVER (JULY) OVERVIEW:
TREND CONSOLIDATE
SUP1:43840
SUP2:43000
RESIST1:45000
RESIST2:45700
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927

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