DAILY COMMODITY MARKET STRATEGY-19 Sep 2014

BASE METAL WRAP: Copper futures capped the biggest decline in more than a week on demand concerns amid signs that housing markets are sputtering in China and the U.S., the two biggest users.

ENERGY WRAP: Oil prices moved lower in U.S. trading on Thursday on expectations for the Federal Reserve to close stimulus programs next month and raise interest rates next year, which would open the door to a stronger dollar. Natural gas prices dropped on Thursday after data showed that U.S. stockpiles surpassed the five-year average last week.

PRECIOUS METAL WRAP: Gold headed for a third weekly decline after retreating to an eight-month low as the Federal Reserve raised its interest-rate forecasts, strengthening the dollar and damping demand for a store of value.

GLOBAL EVENTS TO WATCH: Core CPI m/m, Wholesale Sales m/m, CB Leading Index m/m.

AGRI COMMODITY	BULLION COMMODITY
CS CHANA (OCTOBER)) OVERVIEW: TREND CONSOLIDATE SUP1:2830 SUP2:2780 RESIST1:2890 RESIST2:2950 TRADING STRATEGY: BUY ON DIPS	CS COPPER (NOVEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:417 SUP2:412 RESIST1:426 RESIST2:432 TRADING STRATEGY: SELL ON RISE
CS JEERA (OCTOBER) OVERVIEW: TREND BEARISH SUP1:10675 SUP2:10530 RESIST1:10940 RESIST2:11100 TRADING STRATEGY: SELL ON RISE	CS CRUDE (OCTOBER) OVERVIEW: TREND CONSOLIDATE SUP1:5600 SUP2:5500 RESIST1:5690 RESIST2:5750 TRADING STRATEGY: SELL ON RISE
CS TURMERIC (OCTOBER) OVERVIEW: TREND BEARISH SUP1:5850 SUP2:5706 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 SUP1:3140 SUP2:3100 RESIST1:3270 RESIST2:3370 TRADING STRATEGY: SELL ON RISE	CS SILVER (DECEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:40300 SUP2:39490 RESIST1:41200 RESIST2:41800 TRADING STRATEGY: SELL ON RISE

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