DAILY COMMODITY MARKET STRATEGY-19 Aug 2014

BASE METAL WRAP: Copper in London traded near the highest price in almost a week after data showed confidence among U.S. homebuilders reached the most in seven months and as investors look ahead to Chinese manufacturing data.

ENERGY WRAP: West Texas Intermediate rose for the second time in three days before supply data that may signal the strength of fuel demand in the U.S., the world’s biggest oil consumer. Brent was steady in London.

PRECIOUS METAL WRAP: Gold held below $1,300 an ounce after two days of losses on optimism that the U.S. recovery is gaining traction while tensions ease in Ukraine and the Middle East. Palladium traded near a 13-year high and platinum rose.

GLOBAL EVENTS TO WATCH: Monetary Policy Meeting Minutes, CPI y/y, Building Permits, CPI m/m, Core CPI m/m, Housing Starts.

AGRI COMMODITY	BULLION COMMODITY
CS CHANA (SEPTEMBER)) OVERVIEW: TREND CONSOLIDATE SUP1:2878 SUP2:2835 RESIST1:2960 RESIST2:3020 TRADING STRATEGY: SELL ON RISE	CS COPPER (AUG) OVERVIEW: TREND CONSOLIDATE SUP1:416 SUP2:412 RESIST1:421 RESIST2:425 TRADING STRATEGY: SELL ON RISE
CS JEERA (SEPTEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:11100 SUP2:10920 RESIST1:11350 RESIST2:11450 TRADING STRATEGY: SELL ON RISE	CS CRUDE (SEPTEMBER) OVERVIEW: TREND BEARISH SUP1:5680 SUP2:5580 RESIST1:5870 RESIST2:5910 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 RESIST2:28935 TRADING STRATEGY: SELL ON RISE
CS SOYABEAN (OCTOBER) OVERVIEW: TREND BEARISH SUP1:3350 SUP2:3260 RESIST1:3490 RESIST2:3550 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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