DAILY COMMODITY MARKET STRATEGY-25 July 2014

BASE METAL WRAP: Copper futures rallied to a more than one-week high on Thursday, as investors cheered better than expected manufacturing data out of China, the world’s largest consumer of the red metal.

ENERGY WRAP: West Texas Intermediate headed for the third weekly decline this month amid speculation that rising U.S. gasoline stockpiles signal reduced demand in the world’s biggest oil consumer. Brent was steady in London.

PRECIOUS METAL WRAP: Gold headed for its second straight weekly decline as the outlook for improving economic growth curbed demand for the precious metal as a haven.

GLOBAL EVENTS TO WATCH: ANZ Business Confidence, German Ifo Business Climate, Prelim GDP q/q, Core Durable Goods Orders m/m, Durable Goods Orders m/m.

AGRI COMMODITY	BULLION COMMODITY
CS CHANA (AUGUST) OVERVIEW: TREND CONSOLIDATE SUP1:2795 SUP2:2740 RESIST1:2855 RESIST2:2900 TRADING STRATEGY: SELL ON RISE	CS COPPER (AUG) OVERVIEW: TREND CONSOLIDATE SUP1:425 SUP2:422 RESIST1:436 RESIST2:439 TRADING STRATEGY: BUY ON DIPS
CS JEERA (AUGUST) OVERVIEW: TREND CONSOLIDATE SUP1:11250 SUP2:11000 RESIST1:11620 RESIST2:11780 TRADING STRATEGY: SELL ON RISE	CS CRUDE (AUGUST) OVERVIEW: TREND CONSOLIDATE SUP1:6115 SUP2:6035 RESIST1:6230 RESIST2:6300 TRADING STRATEGY: SELL ON RISE
CS TURMERIC (AUGUST) OVERVIEW: TREND CONSOLIDATE SUP1:6316 SUP2:6260 RESIST1:6570 RESIST2:6700 TRADING STRATEGY: BUY ON DIPS	CS GOLD (AUG) OVERVIEW: TREND CONSOLIDATE SUP1:27550 SUP2:27300 RESIST1:27800 RESIST2:28100 TRADING STRATEGY: SELL ON RISE
CS SOYABEAN (OCTOBER) OVERVIEW: TREND CONSOLIDATE SUP1:3660 SUP2:3600 RESIST1:3780 RESIST2:3860 TRADING STRATEGY: SELL ON RISE	CS SILVER (SEPTEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:43600 SUP2:42900 RESIST1:44400 RESIST2:44800 TRADING STRATEGY: SELL ON RISE