DAILY COMMODITY MARKET STRATEGY-13 June 2014

BASE METAL WRAP: Copper in London pared a third weekly loss, the longest streak since March, as some physical demand outweighed concerns that a warehousing probe at China’s Qingdao port will curb demand for the metal.

ENERGY WRAP: West Texas Intermediate crude headed for the biggest weekly advance, and Brent gained as escalating violence in Iraq threatened supplies from OPEC’s second-largest oil producer. Natural gas futures climbed the most in almost four months, reaching a five-week high, after a government report showed that a U.S. stockpile expansion was smaller than forecast.

PRECIOUS METAL WRAP: Gold rose to a two-week high on demand for a haven. U.S. recovery may be stalling and violence in Iraq will escalate boosted demand for a haven. Gold advanced as equity markets declined, Platinum rose 0.5 percent to $1,451.38 an ounce, Silver rose as much as 0.5 percent to $19.6323 an ounce.

GLOBAL EVENTS TO WATCH: BOE Gov Carney Speaks, Monetary Policy Statement, Industrial Production y/y, Fixed Asset Investment ytd/y, Retail Sales y/y, BOJ Press Conference, Manufacturing Sales m/m, Manufacturing Sales m/m, PPI m/m, Core PPI m/m, Prelim UoM Consumer Sentiment, Prelim UoM Inflation Expectations.

AGRI COMMODITY	BULLION COMMODITY
CS CHANA (JULY) OVERVIEW: TREND CONSOLIDATE SUP1:2740 SUP2:2650 RESIST1:2900 RESIST2:2935 TRADING STRATEGY: SELL ON RISE	CS COPPER (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1: 396 SUP2:394 RESIST1:404 RESIST2:407 TRADING STRATEGY: SELL ON RISE
CS JEERA (JULY) OVERVIEW: TREND BULISH SUP1:10980 SUP2:10760 RESIST1:11240 RESIST2:11460 TRADING STRATEGY: BUY ON DIPS	CS CRUDE (JUNE) OVERVIEW: TREND BULLISH SUP1:6300 SUP2:6220 RESIST1:6440 RESIST2:6550 TRADING STRATEGY: BUY ON DIPS
CS TURMERIC (JULY) OVERVIEW: TREND CONSOLIDATE SUP1:5850 SUP2:5750 RESIST1:6310 RESIST2:6440 TRADING STRATEGY: BUY ON DIPS	CS GOLD (AUG) OVERVIEW: TREND BEARISH SUP1:26100 SUP2:25940 RESIST1:26400 RESIST2:26920 TRADING STRATEGY: SELL ON RISE
CS SOYABEAN (JULY) OVERVIEW: TREND BEARISH SUP1:4260 SUP2:4190 RESIST1:4360 RESIST2:4400 TRADING STRATEGY: SELL ON RISE	CS SILVER (JULY) OVERVIEW: TREND CONSOLIDATE SUP1:40800 SUP2:40400 RESIST1:41500 RESIST2:42000 TRADING STRATEGY: BUY ON DIPS