DAILY COMMODITY MARKET STRATEGY-14 Aug 2014

BASE METAL WRAP: London copper fell on Tuesday to near six-week lows as improving supply and renewed tension between Ukraine and Russia combined with a summer lull to curb investors' appetite for risky assets.

ENERGY WRAP: West Texas Intermediate fell amid speculation that U.S. oil demand is slowing after a government report showed weekly crude inventories expanded for the time since June. Brent dropped in London.

PRECIOUS METAL WRAP: Gold traded little changed below a three-week high as investors gauged the health of the U.S. economy and tensions persisted in Ukraine and the Middle East. Gold demand in China shrank in the second quarter as consumers in the biggest user bought fewer bars, coins and jewelry amid a clampdown on corruption and as the buying spurred by last year’s price slump wasn’t sustained.

GLOBAL EVENTS TO WATCH: Retail Sales q/q, French Prelim GDP q/q, German Prelim GDP q/q, Unemployment Claims, Import Prices m/m, Natural Gas Storage, 30-y Bond Auction.

AGRI COMMODITY	BULLION COMMODITY
CS CHANA (SEPTEMBER)) OVERVIEW: TREND CONSOLIDATE SUP1:2890 SUP2:2845 RESIST1:2980 RESIST2:3020 TRADING STRATEGY: BUY ON DIPS	CS COPPER (AUG) OVERVIEW: TREND BEARISH SUP1:416 SUP2:412 RESIST1:425 RESIST2:431 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 RESIST1:5976 RESIST2:6085 TRADING STRATEGY: SELL ON RISE
CS TURMERIC (SEPTEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:6570 SUP2:6310 RESIST1:6670 RESIST2:6770 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 RESIST1:3700 RESIST2:3750 TRADING STRATEGY: BUY ON DIPS	CS SILVER (SEPTEMBER) OVERVIEW: TREND BEARISH SUP1:43000 SUP2:41760 RESIST1:44050 RESIST2:44310 TRADING STRATEGY: SELL ON RISE

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