Sunday 8 December 2013

COMMODITY MARKET TREND - 09 DECEMBER 2013

BASE METAL WRAP: Copper advanced in London, poised for a weekly gain, on expectation a planned ban on all ore exports from Indonesia will curb supplies. Nickel and aluminum rose and tin reached the highest in more than five weeks.

ENERGY WRAP: West Texas Intermediate traded near the highest price in almost six weeks as China’s net crude imports rebounded in November and the U.S. jobless rate fell, signaling a recovery in the world’s biggest oil consumers.

PRECIOUS METAL WRAP: Gold fluctuated after dropping to a five-month low as investors assessed the probability of a reduction in monetary stimulus this month after the U.S. added more workers than forecast in November.

GLOBAL EVENTS TO WATCH: CPI y/y, PPI y/y, BOE Gov Carney Speaks, FOMC Member Bullard Speaks.

CS SILVER UPDATE - 09 DECEMBER 2013

CS SILVER (MARCH) OVERVIEW:
TREND CONSOLIDATE
SUP1:43140
SUP2:42400
RESIST1:45130
RESIST2:45850
TRADING STRATEGY:  SELL ON RISE

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CS GOLD UPDATE - 09 DECEMBER 2013

CS GOLD (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:28320
SUP2:27340
RESIST1:29615
RESIST2:29960
TRADING STRATEGY: SELL ON RISE

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CS CRUDE UPDATE - 09 DECEMBER 2013

CS CRUDE (DEC.) OVERVIEW:
TREND CONSOLIDATE
SUP1:5940
SUP2:5885
RESIST1:6110
RESIST2:6350
TRADING STRATEGY: BUY ON DIPS

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CS COPPER UPDATE - 09 DECEMBER 2013

CS COPPER (FEB.) OVERVIEW:
TREND CONSOLIDATE
SUP1:440
SUP2:436
RESIST1:454
RESIST2:457
TRADING STRATEGY: SELL ON RISE

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CS SOYABEAN UPDATE - 09 DECEMBER 2013

CS SOYABEAN (JANUARY) OVERVIEW:
TREND CONSOLIDATE
SUP1:3700
SUP2:3530
RESIST1:3830
RESIST2:3925
TRADING STRATEGY: SELL ON RISE

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CS TURMERIC UPDATE - 09 DECEMBER 2013

CS TURMERIC (APRIL) OVERVIEW:
TREND CONSOLIDATE
SUP1:5640
SUP2:5470
RESIST1:6056
RESIST2:6092
TRADING STRATEGY: SELL ON RISE

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