DAILY COMMODITY MARKET STRATEGY-10 Sep 2014

Equity tips
BASE METAL WRAP: Nickel dropped from a nine-week high while copper posted its steepest decline in nearly six months amid reports that a potential ore-exports ban by the Philippines may be years away. Copper futures edged lower on Monday, after data showed that China's imports of the red metal slowed in August.

ENERGY WRAP: West Texas Intermediate traded near the lowest price in almost eight months before government stockpile data that will signal the strength of fuel demand in the U.S. Brent was steady in London.

PRECIOUS METAL WRAP: Gold traded near a three-month low on speculation that the price decline will encourage purchases as investors assessed the strength of the U.S. economy and the outlook for higher borrowing costs.

GLOBAL EVENTS TO WATCH: Inflation Report Hearings, Wholesale Inventories m/m, Crude Oil Inventories, 10-y Bond Auction.
AGRI COMMODITY
BULLION COMMODITY
CS CHANA (SEPTEMBER)) OVERVIEW:
TREND CONSOLIDATE
SUP1:2745
SUP2:2695
RESIST1:2870
RESIST2:2950
TRADING STRATEGY: SELL ON RISE
CS COPPER (NOVEMBER) OVERVIEW:
TREND BEARISH
SUP1:420
SUP2:412
RESIST1:428
RESIST2:432
TRADING STRATEGY: SELL ON RISE
CS JEERA (SEPTEMBER) OVERVIEW:
TREND BEARISH
SUP1:10750
SUP2:10675
RESIST1:11100
RESIST2:11340
TRADING STRATEGY: SELL ON RISE
CS CRUDE (SEPTEMBER) OVERVIEW:
TREND BEARISH
SUP1:5640
SUP2:5550
RESIST1:5740
RESIST2:5780
TRADING STRATEGY: SELL ON RISE
CS TURMERIC (SEPTEMBER) OVERVIEW:
TREND CONSOLIDATE
SUP1:6310
SUP2:6164
RESIST1:6500
RESIST2:6820
TRADING STRATEGY: SELL ON RISE
CS GOLD (OCTOBER) OVERVIEW:
TREND BEARISH
SUP1:27020
SUP2:26550
RESIST1:27480
RESIST2:27640
TRADING STRATEGY: SELL ON RISE
CS SOYABEAN (OCTOBER) OVERVIEW:
TREND BEARISH
SUP1:3080
SUP2:2950
RESIST1:3280
RESIST2:3370
TRADING STRATEGY: SELL ON RISE
CS SILVER (DECEMBER) OVERVIEW:
TREND CONSOLIDATE
SUP1:41500
SUP2:41200
RESIST1:42450
RESIST2:42950
TRADING STRATEGY: SELL ON RISE
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