DAILY COMMODITY MARKET STRATEGY-9 July 2014

BASE METAL WRAP: Zinc prices rose to a 35-month high as inventories dwindled amid speculation that increasing auto sales in China and the U.S. will boost metal use.

ENERGY WRAP: West Texas Intermediate crude traded near the lowest price in more than a month before inventory data that may signal the strength of fuel demand in the U.S., the world’s biggest oil consumer. Brent was steady in London.

PRECIOUS METAL WRAP: Gold rose as a decline in equities and the dollar spurred demand for an alternative investment amid increased holdings in the largest exchange-traded fund. Palladium headed for the longest rally in 14 years.

GLOBAL EVENTS TO WATCH: CPI y/y, PPI y/y, Crude Oil Inventories, 10-y Bond Auction, FOMC Meeting Minutes.

AGRI COMMODITY	BULLION COMMODITY
CS CHANA (AUGUST) OVERVIEW: TREND BEARISH SUP1:2740 SUP2:2695 RESIST1:2840 RESIST2:2925 TRADING STRATEGY: SELL ON RISE	CS COPPER (AUG) OVERVIEW: TREND CONSOLIDATE SUP1:431 SUP2:427 RESIST1:437 RESIST2:440 TRADING STRATEGY: BUY ON DIPS
CS JEERA (AUGUST) OVERVIEW: TREND BULLISH SUP1:11370 SUP2:11250 RESIST1:11700 RESIST2:11820 TRADING STRATEGY: BUY ON DIPS	CS CRUDE (JULY) OVERVIEW: TREND BEARISH SUP1:6160 SUP2:6110 RESIST1:6290 RESIST2:6335 TRADING STRATEGY: SELL ON RISE
CS TURMERIC (AUGUST) OVERVIEW: TREND CONSOLIDATE SUP1:6430 SUP2:6316 RESIST1:6830 RESIST2:7050 TRADING STRATEGY: BUY ON DIPS	CS GOLD (AUG) OVERVIEW: TREND CONSOLIDATE SUP1:27300 SUP2:27100 RESIST1:27700 RESIST2:28000 TRADING STRATEGY: BUY ON DIPS
CS SOYABEAN (OCTOBER) OVERVIEW: TREND CONSOLIDATE SUP1:3690 SUP2:3660 RESIST1:3870 RESIST2:3945 TRADING STRATEGY: SELL ON RISE	CS SILVER (SEPTEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:44000 SUP2:43600 RESIST1:45150 RESIST2:45700 TRADING STRATEGY:BUY ON DIPS