DAILY COMMODITY MARKET STRATEGY-26 June 2014

BASE METAL WRAP: Copper advanced for a ninth straight session in New York, capping the longest rally since 2005, amid signs of tightening supply.

ENERGY WRAP: West Texas Intermediate traded near a three-day high before data that may show a strengthening U.S. economy and as violence escalated in northern Iraq, OPEC’s second-biggest crude producer. Brent was steady in London.

PRECIOUS METAL WRAP: Gold traded below a two-month high as investors weighed the outlook for the U.S. economy that shrank in the first quarter by the most in five years.

GLOBAL EVENTS TO WATCH: Unemployment Claims, Core PCE Price Index m/m, Personal Spending m/m, Personal Income m/m, Natural Gas Storage.

AGRI COMMODITY	BULLION COMMODITY
CS CHANA (JULY) OVERVIEW: TREND CONSOLIDATE SUP1:2788 SUP2:2760 RESIST1:2876 RESIST2:2935 TRADING STRATEGY: BUY ON DIPS	CS COPPER (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:415 SUP2:412 RESIST1:423 RESIST2:424 TRADING STRATEGY: BUY ON DIPS
CS JEERA (JULY) OVERVIEW: TREND BULLISH SUP1:11225 SUP2:11150 RESIST1:11650 RESIST2:11750 TRADING STRATEGY: BUY ON DIPS	CS CRUDE (JULY) OVERVIEW: TREND CONSOLIDATE SUP1:6370 SUP2:6340 RESIST1:6475 RESIST2:6500 TRADING STRATEGY: BUY ON DIPS
CS TURMERIC (JULY) OVERVIEW: TREND CONSOLIDATE SUP1:6470 SUP2:6316 RESIST1:6710 RESIST2:6870 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 SUP1:3890 SUP2:3845 RESIST1:4020 RESIST2:4050 TRADING STRATEGY: SELL ON RISE	CS SILVER (JULY) OVERVIEW: TREND CONSOLIDATE SUP1:43840 SUP2:43000 RESIST1:45000 RESIST2:45700 TRADING STRATEGY: BUY ON DIPS