DAILY COMMODITY MARKET STRATEGY-18 Sep 2014

BASE METAL WRAP: Copper fell for the first time in three days, leading industrial metals lower, after home prices weakened in the biggest user China and as the dollar climbed after the Federal Reserve raised interest-rate estimates.

ENERGY WRAP: West Texas Intermediate dropped for a second day as crude stockpiles increased for the first time in five weeks in the U.S., the world’s biggest oil consumer. Brent declined in London.

PRECIOUS METAL WRAP: Gold retreated to the lowest level since January after the Federal Reserve increased its interest-rate projections, spurring gains in the dollar. Platinum sank to the lowest level this year.

GLOBAL EVENTS TO WATCH: FOMC Press Conference, GDP q/q, BOJ Gov Kuroda Speaks, Libor Rate, SNB Monetary Policy Assessment, Retail Sales m/m, Targeted LTRO, Scottish Independence Vote, Building Permits, Unemployment Claims, Housing Starts, Fed Chair Yellen Speaks, Philly Fed Manufacturing Index, Natural Gas Storage.

AGRI COMMODITY	BULLION COMMODITY
CS CHANA (OCTOBER)) OVERVIEW: TREND CONSOLIDATE SUP1:2800 SUP2:2780 RESIST1:2890 RESIST2:2950 TRADING STRATEGY: BUY ON DIPS	CS COPPER (NOVEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:425 SUP2:422 RESIST1:435 RESIST2:440 TRADING STRATEGY: BUY ON DIPS
CS JEERA (OCTOBER) OVERVIEW: TREND CONSOLIDATE SUP1:10675 SUP2:10530 RESIST1:10940 RESIST2:11100 TRADING STRATEGY: SELL ON RISE	CS CRUDE (OCTOBER) OVERVIEW: TREND CONSOLIDATE SUP1:5680 SUP2:5630 RESIST1:5750 RESIST2:5820 TRADING STRATEGY: SELL ON RISE
CS TURMERIC (OCTOBER) OVERVIEW: TREND BEARISH SUP1:5920 SUP2:5850 RESIST1:6170 RESIST2:6370 TRADING STRATEGY: SELL ON RISE	CS GOLD (OCTOBER) OVERVIEW: TREND BEARISH SUP1:26500 SUP2:26290 RESIST1:27120 RESIST2:27430 TRADING STRATEGY: SELL ON RISE
CS SOYABEAN (OCTOBER) OVERVIEW: TREND CONSOLIDATE SUP1:3200 SUP2:3140 RESIST1:3340 RESIST2:3370 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..