DAILY COMMODITY MARKET STRATEGY-18 Sep 2014

Commodity Tips
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
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