DAILY COMMODITY MARKET STRATEGY-22 July 2014

BASE METAL WRAP: Aluminum entered a bull market in London and traded near the highest in 16 months on speculation demand will exceed supply for the metal used in everything from cars to packaging.

ENERGY WRAP: West Texas Intermediate rose for a second day before stockpile data that may signal the strength of fuel demand in the U.S., the world’s biggest oil consumer. Brent also increased in London. Natural gas futures slipped in New York to the lowest price in more than seven months as meteorologists predicted mild weather, which would curtail demand from power plants and help narrow a stockpile deficit.

PRECIOUS METAL WRAP: Gold traded below the highest level in more than three months as the dollar strengthened amid the outlook for higher U.S. borrowing costs, countering haven demand fueled by tension in Ukraine and Gaza.

GLOBAL EVENTS TO WATCH: Core CPI m/m, CPI m/m, HPI m/m, Existing Home Sales, Richmond Manufacturing Index, CPI q/q, Trimmed Mean CPI q/q.

AGRI COMMODITY	BULLION COMMODITY
CS CHANA (AUGUST) OVERVIEW: TREND CONSOLIDATE SUP1:2840 SUP2:2740 RESIST1:2925 RESIST2:2990 TRADING STRATEGY: SELL ON RISE	CS COPPER (AUG) OVERVIEW: TREND CONSOLIDATE SUP1:425 SUP2:422 RESIST1:432 RESIST2:437 TRADING STRATEGY: SELL ON RISE
CS JEERA (AUGUST) OVERVIEW: TREND CONSOLIDATE SUP1:11400 SUP2:11250 RESIST1:11780 RESIST2:11900 TRADING STRATEGY: SELL ON RISE	CS CRUDE (AUGUST) OVERVIEW: TREND CONSOLIDATE SUP1:6115 SUP2:6035 RESIST1:6290 RESIST2:6370 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 SUP1:27740 SUP2:27550 RESIST1:28100 RESIST2:28600 TRADING STRATEGY: SELL ON RISE
CS SOYABEAN (OCTOBER) OVERVIEW: TREND CONSOLIDATE SUP1:3770 SUP2:3660 RESIST1:3860 RESIST2:3950 TRADING STRATEGY: SELL ON RISE	CS SILVER (SEPTEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:44750 SUP2:43900 RESIST1:45300 RESIST2:46000 TRADING STRATEGY: SELL ON RISE