DAILY COMMODITY MARKET STRATEGY-5 Aug 2014

BASE METAL WRAP: Copper rose on Monday as a rally in China's stock markets indicated improving prospects for demand in the world's largest consumer of the industrial metal, although growing global supplies kept investors cautious.

ENERGY WRAP: West Texas Intermediate crude traded near the highest price in three days before supply data that will signal the strength of fuel demand in the U.S., the world’s biggest oil consumer. Brent in London was steady.

PRECIOUS METAL WRAP: Gold held below $1,300 an ounce as Portugal’s bailout of Banco Espirito Santo SA reduced concern the lender’s crisis may spread and tension in Gaza eased, damping demand for a haven. Silver rose from a six-week low.

GLOBAL EVENTS TO WATCH: Trade Balance, HSBC Services PMI, Cash Rate, RBA Rate Statement, Services PMI, Final Services PMI, ISM Non-Manufacturing PMI, Factory Orders m/m, IBD/TIPP Economic Optimism.

AGRI COMMODITY	BULLION COMMODITY
CS CHANA (AUGUST) OVERVIEW: TREND CONSOLIDATE SUP1:2765 SUP2:2695 RESIST1:2840 RESIST2:2926 TRADING STRATEGY: SELL ON RISE	CS COPPER (AUG) OVERVIEW: TREND CONSOLIDATE SUP1:433 SUP2:427 RESIST1:440 RESIST2:444 TRADING STRATEGY: BUY ON DIPS
CS JEERA (AUGUST) OVERVIEW: TREND CONSOLIDATE SUP1:11040 SUP2:10970 RESIST1:11320 RESIST2:11570 TRADING STRATEGY: SELL ON RISE	CS CRUDE (AUGUST) OVERVIEW: TREND CONSOLIDATE SUP1:5950 SUP2:5930 RESIST1:6084 RESIST2:6145 TRADING STRATEGY: SELL ON RISE
CS TURMERIC (AUGUST) OVERVIEW: TREND BULLISH SUP1:6570 SUP2:6490 RESIST1:6740 RESIST2:6830 TRADING STRATEGY: BUY ON DIPS	CS GOLD (OCTOBER) OVERVIEW: TREND CONSOLIDATE SUP1:28000 SUP2:27470 RESIST1:28200 RESIST2:28360 TRADING STRATEGY: SELL ON RISE
CS SOYABEAN (OCTOBER) OVERVIEW: TREND BEARISH SUP1:3580 SUP2:3500 RESIST1:3700 RESIST2:3750 TRADING STRATEGY: SELL ON RISE	CS SILVER (SEPTEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:43600 SUP2:42900 RESIST1:44800 RESIST2:45300 TRADING STRATEGY: SELL ON RISE