DAILY COMMODITY MARKET STRATEGY-12 Sep 2014

Equity Tips
BASE METAL WRAP: Copper futures fell to a 12-week low on economic signals indicating easing demand in China, the world’s top consumer, and the U.S., the second-biggest.

ENERGY WRAP: West Texas Intermediate crude rebounded from an eight-month low as tension escalated between Russia and the West.

PRECIOUS METAL WRAP: Gold futures fell to the lowest since January on speculation that the Federal Reserve will raise U.S. interest rates sooner than forecast, crimping demand for a hedge against inflation. Silver slumped to a 14-month low.

GLOBAL EVENTS TO WATCH: ECB President Draghi Speaks, BOJ Gov Kuroda Speaks, Core Retail Sales m/m, Retail Sales m/m, Import Prices m/m, Prelim UoM Consumer Sentiment, Prelim UoM Inflation Expectations, Business Inventories m/m.
AGRI COMMODITY
BULLION COMMODITY
CS CHANA (SEPTEMBER)) OVERVIEW:
TREND CONSOLIDATE
SUP1:2780
SUP2:2740
RESIST1:2870
RESIST2:2950
TRADING STRATEGY: SELL ON RISE
CS COPPER (NOVEMBER) OVERVIEW:
TREND BEARISH
SUP1:417
SUP2:412
RESIST1:426
RESIST2:428
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 CONSOLIDATE
SUP1:5640
SUP2:5525
RESIST1:5710
RESIST2:5780
TRADING STRATEGY: SELL ON RISE
CS TURMERIC (SEPTEMBER) OVERVIEW:
TREND CONSOLIDATE
SUP1:6164
SUP2:6080
RESIST1:6450
RESIST2:6500
TRADING STRATEGY: SELL ON RISE
CS GOLD (OCTOBER) OVERVIEW:
TREND BEARISH
SUP1:26500
SUP2:26295
RESIST1:27030
RESIST2:27430
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 BEARISH
SUP1:40500
SUP2:39500
RESIST1:41800
RESIST2:42280
TRADING STRATEGY: SELL ON RISE
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