DAILY COMMODITY MARKET STRATEGY-18 Aug 2014

BASE METAL WRAP: COPPER futures were up on the London Metal Exchange Friday, rebounding from the previous session's slump amid renewed hopes that central banks will step in to boost economic growth.

ENERGY WRAP: Brent crude fell amid speculation that threats to Middle East oil supplies are easing. West Texas Intermediate declined in New York. Refinery breakdowns from Kansas to Texas are giving gasoline a boost, spurring speculators to increase bullish bets for the first time in six weeks as the Labor Day holiday approaches.

PRECIOUS METAL WRAP: Gold decreased for a second day as the outlook for an improving U.S. economy outweighed tension in Ukraine. Silver fell to a two-month low, while palladium retreated from the highest level in more than 13 years.

GLOBAL EVENTS TO WATCH: Foreign Direct Investment ytd/y, NAHB Housing Market Index.

AGRI COMMODITY	BULLION COMMODITY
CS CHANA (SEPTEMBER)) OVERVIEW: TREND CONSOLIDATE SUP1:2835 SUP2:2740 RESIST1:2980 RESIST2:3020 TRADING STRATEGY: SELL ON RISE	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 BEARISH SUP1:5820 SUP2:5740 RESIST1:5930 RESIST2:5960 TRADING STRATEGY: SELL ON RISE
CS TURMERIC (SEPTEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:6450 SUP2:6310 RESIST1:6670 RESIST2:6780 TRADING STRATEGY: BUY ON DIPS	CS GOLD (OCTOBER) OVERVIEW: TREND CONSOLIDATE SUP1:28250 SUP2:28100 RESIST1:28525 RESIST2:28740 TRADING STRATEGY: SELL ON RISE
CS SOYABEAN (OCTOBER) OVERVIEW: TREND CONSOLIDATE SUP1:3480 SUP2:3400 RESIST1:3700 RESIST2:3750 TRADING STRATEGY: SELL ON RISE	CS SILVER (SEPTEMBER) OVERVIEW: TREND BEARISH SUP1:42500 SUP2:41760 RESIST1:43500 RESIST2:44050 TRADING STRATEGY: SELL ON RISE

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