DAILY COMMODITY MARKET STRATEGY-18 June 2014

BASE METAL WRAP: Copper climbed for a fourth session amid speculation that demand will stabilize in China as policy makers try to support growth in the world’s largest consumer of industrial metals. Nickel advanced to a two-week high.

ENERGY WRAP: West Texas Intermediate rose for the first time in three days after an industry report showed U.S. crude stockpiles shrank and as Iraqi forces clashed with militants. Brent was steady in London.

PRECIOUS METAL WRAP: Gold traded below the highest level in three weeks before the U.S. Federal Reserve concludes a two-day policy meeting today, while investors weighed tensions in Iraq and Ukraine.

GLOBAL EVENTS TO WATCH: MPC Asset Purchase Facility Votes, MPC Official Bank Rate Votes, MPC Member Weale Speaks, Wholesale Sales m/m, Current Account, Crude Oil Inventories, MPC Member Haldane Speaks, FOMC Economic Projections, FOMC Statement, Federal Funds Rate.

AGRI COMMODITY	BULLION COMMODITY
CS CHANA (JULY) OVERVIEW: TREND CONSOLIDATE SUP1:2810 SUP2:2760 RESIST1:2935 RESIST2:2982 TRADING STRATEGY: BUY ON DIPS	CS COPPER (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:405 SUP2:400 RESIST1:410 RESIST2:414 TRADING STRATEGY: BUY ON DIPS
CS JEERA (JULY) OVERVIEW: TREND CONSOLIDATE SUP1:10600 SUP2:10530 RESIST1:10900 RESIST2:11000 TRADING STRATEGY: SELL ON RISE	CS CRUDE (JUNE) OVERVIEW: TREND BULLISH SUP1:6350 SUP2:6310 RESIST1:6475 RESIST2:6550 TRADING STRATEGY: BUY ON DIPS
CS TURMERIC (JULY) OVERVIEW: TREND CONSOLIDATE SUP1:6150 SUP2:5930 RESIST1:6350 RESIST2:6440 TRADING STRATEGY: BUY ON DIPS	CS GOLD (AUG) OVERVIEW: TREND CONSOLIDATE SUP1:26490 SUP2:26190 RESIST1:27100 RESIST2:27300 TRADING STRATEGY: SELL ON RISE
CS SOYABEAN (JULY) OVERVIEW: TREND BEARISH SUP1:4060 SUP2:4000 RESIST1:4220 RESIST2:4300 TRADING STRATEGY: SELL ON RISE	CS SILVER (JULY) OVERVIEW: TREND CONSOLIDATE SUP1:41700 SUP2:41400 RESIST1:43000 RESIST2:43840 TRADING STRATEGY: BUY ON DIPS