DAILY COMMODITY MARKET STRATEGY-7 Aug 2014

BASE METAL WRAP: Copper prices fell to their lowest level in more than five weeks Wednesday, pressured by a stronger dollar and concerns about growth in China, the world's largest consumer of the metal.

ENERGY WRAP: West Texas Intermediate crude swung between gains and losses near a six-month low before trade data that will signal the strength of the economy in China, the world’s second-biggest oil consumer. Brent was steady.

PRECIOUS METAL WRAP: Gold held gains after the biggest advance in three weeks as tensions flared over Ukraine, increasing demand for a haven. Palladium climbed.

GLOBAL EVENTS TO WATCH: Employment Change q/q, Unemployment Rate, Asset Purchase Facility, Official Bank Rate, MPC Rate Statement, Minimum Bid Rate, Building Permits m/m, ECB Press Conference, Unemployment Claims, Ivey PMI, Natural Gas Storage.

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 SUP1:427 SUP2:425 RESIST1:435 RESIST2:440 TRADING STRATEGY: SELL ON RISE
CS JEERA (SEPTEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:11265 SUP2:11160 RESIST1:11320 RESIST2:11570 TRADING STRATEGY: SELL ON RISE	CS CRUDE (AUGUST) OVERVIEW: TREND BEARISH SUP1:5950 SUP2:5930 RESIST1:6037 RESIST2:6084 TRADING STRATEGY: SELL ON RISE
CS TURMERIC (SEPTEMBER) OVERVIEW: TREND BULLISH SUP1:6778 SUP2:6700 RESIST1:6922 RESIST2:7000 TRADING STRATEGY: BUY ON DIPS	CS GOLD (OCTOBER) OVERVIEW: TREND CONSOLIDATE SUP1:28510 SUP2:28400 RESIST1:28750 RESIST2:29185 TRADING STRATEGY: BUY ON DIPS
CS SOYABEAN (OCTOBER) OVERVIEW: TREND BEARISH SUP1:3500 SUP2:3480 RESIST1:3615 RESIST2:3700 TRADING STRATEGY: SELL ON RISE	CS SILVER (SEPTEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:43600 SUP2:43200 RESIST1:44200 RESIST2:44800 TRADING STRATEGY: SELL ON RISE