DAILY COMMODITY MARKET STRATEGY-16 Sep 2014

Equity Tips
BASE METAL WRAP: Copper futures dipped a bit lower Monday on slowing factory output from China. Concerns over an economic slowdown rose after data showed that China’s factory output for August had grown at the weakest pace in almost six years.

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

PRECIOUS METAL WRAP: Gold extended a climb from the lowest level since January as investors assessed the health of the U.S. economy before the Federal Reserve begins a two-day policy meeting today.

GLOBAL EVENTS TO WATCH: Monetary Policy Meeting Minutes, BOJ Gov Kuroda Speaks, CPI y/y, German ZEW Economic Sentiment, Manufacturing Sales m/m, PPI m/m, Core PPI m/m, TIC Long-Term Purchases, BOC Gov Poloz Speaks.
AGRI COMMODITY
BULLION COMMODITY
CS CHANA (OCTOBER)) OVERVIEW:
TREND CONSOLIDATE
SUP1:2780
SUP2:2740
RESIST1:2860
RESIST2:2920
TRADING STRATEGY: BUY ON DIPS
CS COPPER (NOVEMBER) OVERVIEW:
TREND BEARISH
SUP1:417
SUP2:412
RESIST1:426
RESIST2:428
TRADING STRATEGY: SELL ON RISE
CS JEERA (OCTOBER) OVERVIEW:
TREND CONSOLIDATE
SUP1:10675
SUP2:10530
RESIST1:10940
RESIST2:11100
TRADING STRATEGY: SELL ON RISE
CS CRUDE (SEPTEMBER) OVERVIEW:
TREND CONSOLIDATE
SUP1:5550
SUP2:5500
RESIST1:5710
RESIST2:5780
TRADING STRATEGY: SELL ON RISE
CS TURMERIC (OCTOBER) OVERVIEW:
TREND BEARISH
SUP1:5980
SUP2:5850
RESIST1:6170
RESIST2:6370
TRADING STRATEGY: SELL ON RISE
CS GOLD (OCTOBER) OVERVIEW:
TREND BEARISH
SUP1:26900
SUP2:26700
RESIST1:27120
RESIST2:27430
TRADING STRATEGY: SELL ON RISE
CS SOYABEAN (OCTOBER) OVERVIEW:
TREND CONSOLIDATE
SUP1:3140
SUP2:3100
RESIST1:3280
RESIST2:3310
TRADING STRATEGY: SELL ON RISE
CS SILVER (DECEMBER) OVERVIEW:
TREND CONSOLIDATE
SUP1:40950
SUP2:40500
RESIST1:41800
RESIST2:42280
TRADING STRATEGY: SELL ON RISE
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