DAILY COMMODITY MARKET STRATEGY-11 Aug 2014

BASE METAL WRAP: Copper rose as stockpiles fell to a six-year low and on speculation demand may rise in China after below-target inflation signaled room for policy easing in the world’s largest user.

ENERGY WRAP: Brent crude traded near the lowest close in nine months on speculation that U.S. airstrikes against militants in Iraq will protect supplies from OPEC’s second-largest producer. WTI increased for a third day.

PRECIOUS METAL WRAP: Gold extended declines from a three-week high as investors weighed tensions in the Middle East and Ukraine, while assets in the biggest exchange-traded product capped the largest weekly contraction in three months.

GLOBAL EVENTS TO WATCH: FOMC Member Fischer Speaks.

AGRI COMMODITY	BULLION COMMODITY
CS CHANA (SEPTEMBER)) OVERVIEW: TREND CONSOLIDATE SUP1:2890 SUP2:2845 RESIST1:2930 RESIST2:3010 TRADING STRATEGY: SELL ON RISE	CS COPPER (AUG) OVERVIEW: TREND CONSOLIDATE SUP1:427 SUP2:425 RESIST1:435 RESIST2:440 TRADING STRATEGY: SELL ON RISE
CS JEERA (SEPTEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:11265 SUP2:11160 RESIST1:11320 RESIST2:11570 TRADING STRATEGY: SELL ON RISE	CS CRUDE (AUGUST) OVERVIEW: TREND CONSOLIDATE SUP1:5950 SUP2:5930 RESIST1:6085 RESIST2:6145 TRADING STRATEGY: SELL ON RISE
CS TURMERIC (SEPTEMBER) OVERVIEW: TREND BULLISH SUP1:6770 SUP2:6650 RESIST1:6980 RESIST2:7070 TRADING STRATEGY: BUY ON DIPS	CS GOLD (OCTOBER) OVERVIEW: TREND CONSOLIDATE SUP1:28530 SUP2:28390 RESIST1:28850 RESIST2:29185 TRADING STRATEGY: SELL ON RISE
CS SOYABEAN (OCTOBER) OVERVIEW: TREND CONSOLIDATE SUP1:3500 SUP2:3480 RESIST1:3597 RESIST2:3640 TRADING STRATEGY: SELL ON RISE	CS SILVER (SEPTEMBER) OVERVIEW: TREND BEARISH SUP1:43200 SUP2:41760 RESIST1:44310 RESIST2:44800 TRADING STRATEGY: SELL ON RISE

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