DAILY COMMODITY MARKET STRATEGY-13 Aug 2014

BASE METAL WRAP: Indonesia’s ban on nickel ore exports is resonating globally as prices climb to the highest since 2012, prompting companies from Avebury Nickel Mines Ltd. to Poseidon Nickel Ltd. to restart operations at idled mines.

ENERGY WRAP: West Texas Intermediate fell for a second day after an industry report showed crude and gasoline supplies expanded in the U.S., the world’s biggest oil user. Brent dropped in London.

PRECIOUS METAL WRAP: Gold traded below a three-week high as investors weighed the prospects for renewed fighting in Gaza and simmering tension between Ukraine and Russia against the outlook for the U.S. economy and a stronger dollar. Gold imports by India, the world’s biggest consumer after China, will probably decline for a third year as the government keeps curbs on shipments to prevent the current-account deficit from widening and to support the rupee.

GLOBAL EVENTS TO WATCH: Prelim GDP q/q, New Loans, M2 Money Supply y/y, Industrial Production y/y, Fixed Asset Investment ytd/y, Retail Sales y/y, Average Earnings Index 3m/y, Claimant Count Change, BOE Gov Carney Speaks, BOE Inflation Report, Core Retail Sales m/m, Retail Sales m/m , FOMC Member Dudley Speaks, Business Inventories m/m, Crude Oil Inventories, 10-y Bond Auction.

AGRI COMMODITY	BULLION COMMODITY
CS CHANA (SEPTEMBER)) OVERVIEW: TREND CONSOLIDATE SUP1:2890 SUP2:2845 RESIST1:2980 RESIST2:3020 TRADING STRATEGY: SELL ON RISE	CS COPPER (AUG) OVERVIEW: TREND CONSOLIDATE SUP1:422 SUP2:420 RESIST1:431 RESIST2:434 TRADING STRATEGY: SELL ON RISE
CS JEERA (SEPTEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:11160 SUP2:10920 RESIST1:11500 RESIST2:11570 TRADING STRATEGY: SELL ON RISE	CS CRUDE (AUGUST) OVERVIEW: TREND CONSOLIDATE SUP1:5930 SUP2:5830 RESIST1:6085 RESIST2:6145 TRADING STRATEGY: SELL ON RISE
CS TURMERIC (SEPTEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:6530 SUP2:6310 RESIST1:6770 RESIST2:6980 TRADING STRATEGY: SELL ON RISE	CS GOLD (OCTOBER) OVERVIEW: TREND CONSOLIDATE SUP1:28500 SUP2:28320 RESIST1:29185 RESIST2:29500 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 CONSOLIDATE SUP1:43200 SUP2:41760 RESIST1:44050 RESIST2:44310 TRADING STRATEGY: SELL ON RISE

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