DAILY COMMODITY MARKET STRATEGY-1 Sep 2014

BASE METAL WRAP: COPPER futures ended higher on Friday while aluminium closed at an 18-month high as upbeat US economic data fanned hopes of stronger demand for industrial metals.

ENERGY WRAP: West Texas Intermediate crude capped the first weekly gain in more than a month on speculation an improving U.S. economy will boost fuel demand.

PRECIOUS METAL WRAP: Hedge funds cut their bullish gold bets for the fourth week in five, sending holdings to a two-month low, U.S. government data show. Open interest in New York futures is the smallest in five years, and assets in global exchange-traded products backed by the metal in August posted the biggest monthly drop since May.

GLOBAL EVENTS TO WATCH: Manufacturing PMI, HSBC Final Manufacturing PMI, Manufacturing PMI.

AGRI COMMODITY	BULLION COMMODITY
CS CHANA (SEPTEMBER)) OVERVIEW: TREND CONSOLIDATE SUP1:2760 SUP2:2650 RESIST1:2865 RESIST2:2900 TRADING STRATEGY: SELL ON RISE	CS COPPER (NOVEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:424 SUP2:420 RESIST1:434 RESIST2:438 TRADING STRATEGY: SELL ON RISE
CS JEERA (SEPTEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:10970 SUP2:10850 RESIST1:11230 RESIST2:11460 TRADING STRATEGY: SELL ON RISE	CS CRUDE (SEPTEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:5770 SUP2:5720 RESIST1:5900 RESIST2:5990 TRADING STRATEGY: SELL ON RISE
CS TURMERIC (SEPTEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:6300 SUP2:6100 RESIST1:6750 RESIST2:6800 TRADING STRATEGY: SELL ON RISE	CS GOLD (OCTOBER) OVERVIEW: TREND BEARISH SUP1:27880 SUP2:27680 RESIST1:28270 RESIST2:28360 TRADING STRATEGY: SELL ON RISE
CS SOYABEAN (OCTOBER) OVERVIEW: TREND BEARISH SUP1:3300 SUP2:3250 RESIST1:3370 RESIST2:3490 TRADING STRATEGY: SELL ON RISE	CS SILVER (SEPTEMBER) OVERVIEW: TREND BEARISH SUP1:41700 SUP2:40500 RESIST1:42570 RESIST2:43000 TRADING STRATEGY: SELL ON RISE

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