DAILY COMMODITY MARKET STRATEGY-18 July 2014

BASE METAL WRAP: Copper futures fell to a two-week low, as jitters over a possible bond default in China's construction sector weighed.

ENERGY WRAP: West
Texas Intermediate rose the most in a month after a Malaysian Airways jet was shot down in Ukraine. Prices also climbed as U.S. crude supplies fell as refiners boosted processing to the highest level since 2005.

PRECIOUS METAL WRAP:
Gold retreated after the biggest advance in a month as investors weighed the outlook for U.S. monetary policy against increased geopolitical tensions around the world. Palladium dropped from a 13-year high.

GLOBAL EVENTS TO WATCH: Core CPI m/m, Wholesale Sales m/m, Prelim UoM Consumer Sentiment, Prelim UoM Inflation Expectations, CB Leading Index m/m.
AGRI COMMODITY
BULLION COMMODITY
CS CHANA (AUGUST) OVERVIEW:
TREND CONSOLIDATE
SUP1:2840
SUP2:2740
RESIST1:2895
RESIST2:2925
TRADING STRATEGY: SELL ON RISE
CS COPPER (AUG) OVERVIEW:
TREND CONSOLIDATE
SUP1:428
SUP2:425
RESIST1:434
RESIST2:436
TRADING STRATEGY: SELL ON RISE
CS JEERA (AUGUST) OVERVIEW:
TREND CONSOLIDATE
SUP1:11585
SUP2:11400
RESIST1:11780
RESIST2:11850
TRADING STRATEGY: BUY ON DIPS
CS CRUDE (JULY) OVERVIEW:
TREND CONSOLIDATE
SUP1:6200
SUP2:6130
RESIST1:6340
RESIST2:6400
TRADING STRATEGY: BUY ON DIPS
CS TURMERIC (AUGUST) OVERVIEW:
TREND CONSOLIDATE
SUP1:6420
SUP2:6316
RESIST1:6830
RESIST2:7000
TRADING STRATEGY: BUY ON DIPS
CS GOLD (AUG) OVERVIEW:
TREND CONSOLIDATE
SUP1:27900
SUP2:27550
RESIST1:28400
RESIST2:28600
TRADING STRATEGY: SELL ON RISE
CS SOYABEAN (OCTOBER) OVERVIEW:
TREND CONSOLIDATE
SUP1:3660
SUP2:3590
RESIST1:3780
RESIST2:3840
TRADING STRATEGY: SELL ON RISE
CS SILVER (SEPTEMBER) OVERVIEW:
TREND CONSOLIDATE
SUP1:44750
SUP2:43900
RESIST1:45980
RESIST2:46400
TRADING STRATEGY: SELL ON RISE

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