DAILY COMMODITY MARKET STRATEGY-11 Sep 2014

Equity Tips
BASE METAL WRAP: Copper prices rose on Wednesday but remained near a one-month low due to concerns about growth in top consumer China and a strong dollar, while nickel slipped as supply worries eased.

ENERGY WRAP: West Texas Intermediate traded near an eight-month low amid speculation that rising U.S. crude output will add to excess supply in the world’s biggest oil consumer.

PRECIOUS METAL WRAP: Gold traded near a three-month low as investors assessed the outlook for U.S. monetary policy amid easing tensions between Ukraine and Russia.

GLOBAL EVENTS TO WATCH: Official Cash Rate, RBNZ Monetary Policy Statement, RBNZ Press Conference, RBNZ Rate Statement, President Obama Speaks, Employment Change, Unemployment Rate, CPI y/y, PPI y/y, Unemployment Claims, Natural Gas Storage, 30-y Bond Auction, Federal Budget Balance.
AGRI COMMODITY
BULLION COMMODITY
CS CHANA (SEPTEMBER)) OVERVIEW:
TREND CONSOLIDATE
SUP1:2815
SUP2:2745
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
SUP1:5550
SUP2:5490
RESIST1:5710
RESIST2:5780
TRADING STRATEGY: SELL ON RISE
CS TURMERIC (SEPTEMBER) OVERVIEW:
TREND CONSOLIDATE
SUP1:6270
SUP2:6164
RESIST1:6500
RESIST2:6820
TRADING STRATEGY: SELL ON RISE
CS GOLD (OCTOBER) OVERVIEW:
TREND BEARISH
SUP1:27020
SUP2:26550
RESIST1:27430
RESIST2:27640
TRADING STRATEGY: SELL ON RISE
CS SOYABEAN (OCTOBER) OVERVIEW:
TREND CONSOLIDATE
SUP1:3080
SUP2:2950
RESIST1:3280
RESIST2:3370
TRADING STRATEGY: SELL ON RISE
CS SILVER (DECEMBER) OVERVIEW:
TREND CONSOLIDATE
SUP1:41800
SUP2:41200
RESIST1:42280
RESIST2:42500
TRADING STRATEGY: SELL ON RISE
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