DAILY COMMODITY MARKET STRATEGY-10 July 2014

BASE METAL WRAP: China's copper imports fell 7.9 percent month-on-month in June, dropping as Chinese banks reduced lending for metals imports following a probe into an alleged metals fraud at Qingdao port.

ENERGY WRAP: West Texas Intermediate fell for a 10th day, the longest losing streak on record, after government data showed U.S. gasoline stockpiles expanded amid reduced demand in the world’s biggest oil user. Brent dropped in London.

PRECIOUS METAL WRAP: Gold held near the highest level in a week as the dollar fell after the U.S. Federal Reserve released minutes of its last meeting and tension increased in the Middle East, boosting demand for a haven. Palladium advanced to a 13-year high.

GLOBAL EVENTS TO WATCH: ECB President Draghi Speaks, Employment Change, Unemployment Rate, Trade Balance, Asset Purchase Facility, Official Bank Rate, MPC Rate Statement, Unemployment Claims, Wholesale Inventories m/m, Natural Gas Storage, 30-y Bond Auction.

AGRI COMMODITY	BULLION COMMODITY
CS CHANA (AUGUST) OVERVIEW: TREND BEARISH SUP1:2740 SUP2:2695 RESIST1:2840 RESIST2:2925 TRADING STRATEGY: SELL ON RISE	CS COPPER (AUG) OVERVIEW: TREND CONSOLIDATE SUP1:430 SUP2:425 RESIST1:435 RESIST2:438 TRADING STRATEGY: BUY ON DIPS
CS JEERA (AUGUST) OVERVIEW: TREND CONSOLIDATE SUP1:11370 SUP2:11250 RESIST1:11700 RESIST2:11820 TRADING STRATEGY: BUY ON DIPS	CS CRUDE (JULY) OVERVIEW: TREND BEARISH SUP1:6055 SUP2:5980 RESIST1:6130 RESIST2:6200 TRADING STRATEGY: SELL ON RISE
CS TURMERIC (AUGUST) OVERVIEW: TREND CONSOLIDATE SUP1:6300 SUP2:6164 RESIST1:6450 RESIST2:6600 TRADING STRATEGY: SELL ON RISE	CS GOLD (AUG) OVERVIEW: TREND CONSOLIDATE SUP1:27300 SUP2:27100 RESIST1:27700 RESIST2:28000 TRADING STRATEGY: BUY ON DIPS
CS SOYABEAN (OCTOBER) OVERVIEW: TREND CONSOLIDATE SUP1:3660 SUP2:3590 RESIST1:3780 RESIST2:3870 TRADING STRATEGY: SELL ON RISE	CS SILVER (SEPTEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:44000 SUP2:43600 RESIST1:45150 RESIST2:45700 TRADING STRATEGY: BUY ON DIPS