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