DAILY COMMODITY MARKET STRATEGY-20 Aug 2014

BASE METAL WRAP: Aluminium and zinc rose in London as a jump in home building fueled speculation that demand will accelerate in the U.S., the world’s second-biggest consumer of industrial metals.

ENERGY WRAP: West Texas Intermediate swung between gains and losses amid speculation that crude and fuel inventories fell 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 retreating for three days on signs that the U.S. recovery is gathering momentum without generating higher consumer prices. Platinum traded near a two-month low.

GLOBAL EVENTS TO WATCH: RBA Gov Stevens Speaks, Trade Balance, All Industries Activity m/m, MPC Asset Purchase Facility Votes, MPC Official Bank Rate Votes, Wholesale Sales m/m, Crude Oil Inventories, FOMC Meeting Minutes.

AGRI COMMODITY	BULLION COMMODITY
CS CHANA (SEPTEMBER)) OVERVIEW: TREND CONSOLIDATE SUP1:2940 SUP2:2870 RESIST1:3000 RESIST2:3020 TRADING STRATEGY: BUY ON DIPS	CS COPPER (AUG) OVERVIEW: TREND CONSOLIDATE SUP1:414 SUP2:412 RESIST1:417 RESIST2:421 WWW.CAPITALSTARS.COM +917316790000
CS JEERA (SEPTEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:11150 SUP2:10920 RESIST1:11450 RESIST2:11500 TRADING STRATEGY: BUY ON DIPS	CS CRUDE (SEPTEMBER) OVERVIEW: TREND BEARISH SUP1:5640 SUP2:5550 RESIST1:5770 RESIST2:5850 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 SUP1:28150 SUP2:28000 RESIST1:28360 RESIST2:28700 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 SUP1:41750 SUP2:41300 RESIST1:42800 RESIST2:43000 TRADING STRATEGY: SELL ON RISE

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