DAILY COMMODITY MARKET STRATEGY-9 June 2014

BASE METAL WRAP: Copper traded near a four-week low as investors weighed improving economic data out of China and the U.S. against a metals-warehousing probe at a Chinese port. Hedge funds cut bullish copper bets by the most in a month on concern that a supply surplus will return as demand growth slackens in Europe and China.

ENERGY WRAP: West Texas Intermediate crude traded near the highest price in three days amid signs that economic growth is being sustained in China and the U.S., the world’s two biggest oil consumers. Brent was steady in London.

PRECIOUS METAL WRAP: Gold was firm above $1,250 an ounce on Monday after U.S. jobs data matched expectations, while a rally in stocks curbed the metal's appeal as an investment hedge.

GLOBAL EVENTS TO WATCH: RBA Gov Stevens Speaks.

AGRI COMMODITY	BULLION COMMODITY
CS CHANA (JULY) OVERVIEW: TREND BEARISH SUP1:2740 SUP2:2650 RESIST1:2815 RESIST2:2935 TRADING STRATEGY: SELL ON RISE	CS COPPER (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1: 392 SUP2:386 RESIST1:400 RESIST2:405 TRADING STRATEGY: SELL ON RISE
CS JEERA (JULY) OVERVIEW: TREND CONSOLIDATE SUP1:10710 SUP2:10300 RESIST1:10900 RESIST2:11050 TRADING STRATEGY: SELL ON RISE	CS CRUDE (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:6000 SUP2:5950 RESIST1:6115 RESIST2:6160 TRADING STRATEGY: BUY ON DIPS
CS TURMERIC (JULY) OVERVIEW: TREND CONSOLIDATE SUP1:5880 SUP2:5780 RESIST1:6000 RESIST2:6150 TRADING STRATEGY: SELL ON RISE	CS GOLD (AUG) OVERVIEW: TREND CONSOLIDATE SUP1:25600 SUP2:24960 RESIST1:26000 RESIST2:26300 TRADING STRATEGY: SELL ON RISE
CS SOYABEAN (JULY) OVERVIEW: TREND CONSOLIDATE SUP1:4220 SUP2:4140 RESIST1:4345 RESIST2:4400 TRADING STRATEGY: SELL ON RISE	CS SILVER (JULY) OVERVIEW: TREND CONSOLIDATE SUP1:39300 SUP2:38500 RESIST1:40600 RESIST2:41500 TRADING STRATEGY: SELL ON RISE