DAILY COMMODITY MARKET STRATEGY-11 July 2014

BASE METAL WRAP: Nickel prices slid on Thursday as inventories rose, giving investors a reminder of an overhang of material despite an Indonesian export ban. Copper rebounded after upbeat U.S. jobs data raised the prospect of higher demand for industrial metals.

ENERGY WRAP: West Texas Intermediate headed for a third weekly drop as Libya boosted its crude output and gasoline stockpiles expanded in the U.S., the world’s biggest oil consumer. Brent was steady in London.

PRECIOUS METAL WRAP: Gold held near a four-month high, heading for the longest run of weekly gains since March, as concern Europe’s economy remains vulnerable to shocks and rising tension in the Middle East boosted haven demand. Palladium traded near a 13-year high, set for a fourth weekly advance.

GLOBAL EVENTS TO WATCH: Unemployment Rate, Employment Change, Federal Budget Balance.

AGRI COMMODITY	BULLION COMMODITY
CS CHANA (AUGUST) OVERVIEW: TREND BEARISH SUP1:2740 SUP2:2695 RESIST1:2820 RESIST2:2925 TRADING STRATEGY: SELL ON RISE	CS COPPER (AUG) OVERVIEW: TREND CONSOLIDATE SUP1:430 SUP2:425 RESIST1:439 RESIST2:443 TRADING STRATEGY: BUY ON DIPS
CS JEERA (AUGUST) OVERVIEW: TREND CONSOLIDATE SUP1:11400 SUP2:11250 RESIST1:11700 RESIST2:11820 TRADING STRATEGY: BUY ON DIPS	CS CRUDE (JULY) OVERVIEW: TREND CONSOLIDATE SUP1:6140 SUP2:6055 RESIST1:6260 RESIST2:6340 TRADING STRATEGY: SELL ON RISE
CS TURMERIC (AUGUST) OVERVIEW: TREND CONSOLIDATE SUP1:6316 SUP2:6164 RESIST1:6480 RESIST2:6600 TRADING STRATEGY: SELL ON RISE	CS GOLD (AUG) OVERVIEW: TREND CONSOLIDATE SUP1:28240 SUP2:27940 RESIST1:28840 RESIST2:29040 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 RESIST1:45500 RESIST2:44900 TRADING STRATEGY: BUY ON DIPS