DAILY COMMODITY MARKET STRATEGY-10 June 2014

BASE METAL WRAP: Copper fell for a fifth session in New York, the longest slump in more than three months, as demand concerns mounted amid slumping imports of the metal into China, the world’s biggest user.

ENERGY WRAP: West Texas Intermediate advanced for a third day amid speculation that crude inventories declined for a second week in the U.S., the world’s biggest oil consumer. Brent was steady in London. Natural gas futures slipped from a one-month high in New York as cooler weather in the central U.S. limited demand for the power-plant fuel.

PRECIOUS METAL WRAP: Gold held above the lowest level in four months on speculation that price declines after a rally in equity markets may spur purchases.

GLOBAL EVENTS TO WATCH: NAB Business Confidence, CPI y/y, PPI y/y, Manufacturing Production m/m, Industrial Production m/m, NFIB Small Business Index, JOLTS Job Openings, Wholesale Inventories m/m.

AGRI COMMODITY	BULLION COMMODITY
CS CHANA (JULY) OVERVIEW: TREND BEARISH SUP1:2740 SUP2:2650 RESIST1:2810 RESIST2:2880 TRADING STRATEGY: SELL ON RISE	CS COPPER (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1: 392 SUP2:386 RESIST1:400 RESIST2:405 TRADING STRATEGY: SELL ON RISE
CS JEERA (JULY) OVERVIEW: TREND BEARISH SUP1:10700 SUP2:10530 RESIST1:10900 RESIST2:11000 TRADING STRATEGY: SELL ON RISE	CS CRUDE (JUNE) OVERVIEW: TREND BULLISH SUP1:6150 SUP2:6100 RESIST1:6270 RESIST2:6340 TRADING STRATEGY: BUY ON DIPS
CS TURMERIC (JULY) OVERVIEW: TREND CONSOLIDATE SUP1:5750 SUP2:5650 RESIST1:6060 RESIST2:6320 TRADING STRATEGY: SELL ON RISE	CS GOLD (AUG) OVERVIEW: TREND CONSOLIDATE SUP1:25600 SUP2:24960 RESIST1:26150 RESIST2:26520 TRADING STRATEGY: SELL ON RISE
CS SOYABEAN (JULY) OVERVIEW: TREND CONSOLIDATE SUP1:4180 SUP2:4140 RESIST1:4305 RESIST2:4345 TRADING STRATEGY: SELL ON RISE	CS SILVER (JULY) OVERVIEW: TREND CONSOLIDATE SUP1:39800 SUP2:39300 RESIST1:40800 RESIST2:41500 TRADING STRATEGY: SELL ON RISE