DAILY COMMODITY MARKET STRATEGY-28 July 2014

BASE METAL WRAP: Copper dropped for a second day after Freeport-McMoRan Inc. received approval from Indonesia to resume exports from its Grasberg mine.

ENERGY WRAP: West Texas Intermediate crude fell for the fourth time in five days amid speculation that economic data may signal slowing growth in the U.S., the world’s biggest oil consumer. Brent also dropped in London.

PRECIOUS METAL WRAP: Hedge funds increased their bets on a gold rally, just before prices fell for a second week as an accelerating U.S. economy outweighed concern that violence between Russia and Ukraine will escalate.

GLOBAL EVENTS TO WATCH: Flash Services PMI, Pending Home Sales m/m.

AGRI COMMODITY	BULLION COMMODITY
CS CHANA (AUGUST) OVERVIEW: TREND CONSOLIDATE SUP1:2795 SUP2:2740 RESIST1:2900 RESIST2:2926 TRADING STRATEGY: SELL ON RISE	CS COPPER (AUG) OVERVIEW: TREND CONSOLIDATE SUP1:430 SUP2:425 RESIST1:437 RESIST2:440 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 SUP1:6090 SUP2:6010 RESIST1:6230 RESIST2:6300 TRADING STRATEGY: SELL ON RISE
CS TURMERIC (AUGUST) OVERVIEW: TREND CONSOLIDATE SUP1:6420 SUP2:6316 RESIST1:6600 RESIST2:6700 TRADING STRATEGY: BUY ON DIPS	CS GOLD (AUG) OVERVIEW: TREND CONSOLIDATE SUP1:27550 SUP2:27300 RESIST1:28100 RESIST2:28400 TRADING STRATEGY: BUY ON DIPS
CS SOYABEAN (OCTOBER) OVERVIEW: TREND CONSOLIDATE SUP1:3660 SUP2:3600 RESIST1:3750 RESIST2:3860 TRADING STRATEGY: SELL ON RISE	CS SILVER (SEPTEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:43600 SUP2:42900 RESIST1:44800 RESIST2:45300 TRADING STRATEGY: SELL ON RISE