DAILY COMMODITY MARKET STRATEGY-16 Sep 2014

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

Get Free Share Market Tips, MCX Tips Free Trial, NCDEX Tips, Commodity Tips, Nifty Futures Tips with profitable calls and tips..