DAILY COMMODITY MARKET STRATEGY-20 June 2014

BASE METAL WRAP: Copper futures held near the previous session’s two-week high on Thursday, amid mounting optimism over the outlook for growth in the U.S. and China, the world’s two largest consumers of the industrial metal.

ENERGY WRAP: Brent crude headed for a second weekly gain as the U.S. said it will send military advisers to Iraq as violence escalates in the OPEC producer. West Texas Intermediate was steady in New York.

PRECIOUS METAL WRAP: Gold headed for the longest run of weekly advances since March after rising to a two-month high, as expectations that borrowing costs in the U.S. will remain low fueled demand for bullion as an alternative investment.

GLOBAL EVENTS TO WATCH: BOJ Gov Kuroda Speaks, Core CPI m/m, Core Retail Sales m/m.

AGRI COMMODITY	BULLION COMMODITY
CS CHANA (JULY) OVERVIEW: TREND BEARISH SUP1:2760 SUP2:2695 RESIST1:2840 RESIST2:2876 TRADING STRATEGY: SELL ON RISE	CS COPPER (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:407 SUP2:404 RESIST1:414 RESIST2:417 TRADING STRATEGY: BUY ON DIPS
CS JEERA (JULY) OVERVIEW: TREND CONSOLIDATE SUP1:10640 SUP2:10530 RESIST1:10950 RESIST2:11200 TRADING STRATEGY: SELL ON RISE	CS CRUDE (JULY) OVERVIEW: TREND BULLISH SUP1:6340 SUP2:6300 RESIST1:6475 RESIST2:6550 TRADING STRATEGY: BUY ON DIPS
CS TURMERIC (JULY) OVERVIEW: TREND BULLISH SUP1:6400 SUP2:6330 RESIST1:6580 RESIST2:6680 TRADING STRATEGY: BUY ON DIPS	CS GOLD (AUG) OVERVIEW: TREND CONSOLIDATE SUP1:27400 SUP2:27100 RESIST1:27900 RESIST2:28300 TRADING STRATEGY: BUY ON DIPS
CS SOYABEAN (JULY) OVERVIEW: TREND BEARISH SUP1:4000 SUP2:3930 RESIST1:4076 RESIST2:4135 TRADING STRATEGY: SELL ON RISE	CS SILVER (JULY) OVERVIEW: TREND CONSOLIDATE SUP1:43840 SUP2:43000 RESIST1:45000 RESIST2:45700 TRADING STRATEGY: BUY ON DIPS