DAILY COMMODITY MARKET STRATEGY-4 June 2014

BASE METAL WRAP: Copper fell to the lowest level in two weeks on signs of slowing Chinese demand and amid reports of a probe into metals warehousing at the country’s Qingdao port.

ENERGY WRAP: West Texas Intermediate rose for a second day after an industry report showed crude inventories declined in the U.S., the world’s biggest oil consumer. Brent was steady in London.

PRECIOUS METAL WRAP: Gold held near a four-month low as investors awaited a European Central Bank meeting at which policy makers may add to stimulus and a U.S. labor report that may back further cuts to the Federal Reserve’s bond purchases.

GLOBAL EVENTS TO WATCH: GDP q/q, Services PMI, G7 Meetings, ADP Non-Farm Employment Change, Trade Balance, Trade Balance, Revised Nonfarm Productivity q/q, Revised Unit Labor Costs q/q, Final Services PMI, BOC Rate Statement, Overnight Rate, ISM Non-Manufacturing PMI, Crude Oil Inventories, Beige Book.

AGRI COMMODITY	BULLION COMMODITY
CS CHANA (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:2740 SUP2:2695 RESIST1:2880 RESIST2:2952 TRADING STRATEGY: SELL ON RISE	CS COPPER (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1: 410 SUP2:407 RESIST1:417 RESIST2:419 TRADING STRATEGY: BUY ON DIPS
CS JEERA (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:10710 SUP2:10500 RESIST1:11260 RESIST2:11460 TRADING STRATEGY: SELL ON RISE	CS CRUDE (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:6050 SUP2:6000 RESIST1:6140 RESIST2:6200 TRADING STRATEGY: BUY ON DIPS
CS TURMERIC (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:5950 SUP2:5900 RESIST1:6170 RESIST2:6320 TRADING STRATEGY: SELL ON RISE	CS GOLD (AUG) OVERVIEW: TREND BEARISH SUP1:25600 SUP2:24960 RESIST1:26070 RESIST2:26250 TRADING STRATEGY: SELL ON RISE
CS SOYABEAN (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:4320 SUP2:4140 RESIST1:4505 RESIST2:4672 TRADING STRATEGY: SELL ON RISE	CS SILVER (JULY) OVERVIEW: TREND BEARISH SUP1:39300 SUP2:38500 RESIST1:39860 RESIST2:40200 TRADING STRATEGY: SELL ON RISE