DAILY COMMODITY MARKET STRATEGY-4 July 2014

BASE METAL WRAP: Nickel advanced to the highest since May as the U.S. unemployment rate fell to the lowest in almost six years, signaling that stronger economies will boost demand amid supply curbs.

ENERGY WRAP: West Texas Intermediate and Brent headed for a second weekly drop amid speculation that Iraq’s crude production will remain unaffected by violence and as Libya prepares to resume exports from two terminals.

PRECIOUS METAL WRAP: Gold held below a three-month high, trimming a fifth weekly rise, as investors assessed the outlook for higher U.S. borrowing costs after employment data beat estimates. Palladium traded near the highest price since 2001.

GLOBAL EVENTS TO WATCH: Retail PMI, Bank Holiday.

AGRI COMMODITY	BULLION COMMODITY
CS CHANA (JULY) OVERVIEW: TREND BEARISH SUP1:2695 SUP2:2600 RESIST1:2790 RESIST2:2835 TRADING STRATEGY: SELL ON RISE	CS COPPER (AUG) OVERVIEW: TREND BULLISH SUP1:430 SUP2:425 RESIST1:437 RESIST2:440 TRADING STRATEGY: BUY ON DIPS
CS JEERA (JULY) OVERVIEW: TREND CONSOLIDATE SUP1:11000 SUP2:10800 RESIST1:11360 RESIST2:11500	CS CRUDE (JULY) OVERVIEW: TREND CONSOLIDATE SUP1:6160 SUP2:6110 RESIST1:6290 RESIST2:6335 TRADING STRATEGY: SELL ON RISE
CS TURMERIC (JULY) OVERVIEW: TREND CONSOLIDATE SUP1:6250 SUP2:6050 RESIST1:6490 RESIST2:6700 TRADING STRATEGY: SELL ON RISE	CS GOLD (AUG) OVERVIEW: TREND CONSOLIDATE SUP1:27300 SUP2:27100 RESIST1:27700 RESIST2:27940 TRADING STRATEGY: SELL ON RISE
CS SOYABEAN (JULY) OVERVIEW: TREND BEARISH SUP1:3890 SUP2:3845 RESIST1:3982 RESIST2:4050 TRADING STRATEGY: SELL ON RISE	CS SILVER (SEPTEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:44000 SUP2:43600 RESIST1:45700 RESIST2:46430 TRADING STRATEGY: BUY ON DIPS