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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