DAILY COMMODITY MARKET STRATEGY-27 Aug 2014

BASE METAL WRAP: Aluminium traded near an 18-month high on speculation demand is rising amid signs a recovery is gathering pace in the U.S. and before data forecast to show the country’s economy expanded for the second quarter.

ENERGY WRAP: West Texas Intermediate traded near a three-day high before a government report forecast to show crude stockpiles dropped for a second week 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 as investors weighed a strengthening U.S. economy and dollar against signs of easing tensions around the world.

GLOBAL EVENTS TO WATCH: Crude Oil Inventories.

AGRI COMMODITY	BULLION COMMODITY
CS CHANA (SEPTEMBER)) OVERVIEW: TREND CONSOLIDATE SUP1:2830 SUP2:2760 RESIST1:2960 RESIST2:3020 TRADING STRATEGY: SELL ON RISE	CS COPPER (AUG) OVERVIEW: TREND CONSOLIDATE SUP1:422 SUP2:420 RESIST1:427 RESIST2:430 TRADING STRATEGY: SELL ON RISE
CS JEERA (SEPTEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:10850 SUP2:10590 RESIST1:11460 RESIST2:11500 TRADING STRATEGY: SELL ON RISE	CS CRUDE (SEPTEMBER) OVERVIEW: TREND BEARISH SUP1:5640 SUP2:5550 RESIST1:5755 RESIST2:5800 TRADING STRATEGY: SELL ON RISE
CS TURMERIC (SEPTEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:6300 SUP2:6100 RESIST1:6750 RESIST2:6800 TRADING STRATEGY: SELL ON RISE	CS GOLD (OCTOBER) OVERVIEW: TREND BEARISH SUP1:27680 SUP2:27300 RESIST1:28050 RESIST2:28270 TRADING STRATEGY: SELL ON RISE
CS SOYABEAN (OCTOBER) OVERVIEW: TREND BEARISH SUP1:3300 SUP2:3260 RESIST1:3490 RESIST2:3550 TRADING STRATEGY: SELL ON RISE	CS SILVER (SEPTEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:41700 SUP2:40500 RESIST1:42500 RESIST2:42800 TRADING STRATEGY: SELL ON RISE

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