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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