DAILY COMMODITY MARKET STRATEGY-2 Sep 2014

BASE METAL WRAP: Aluminium led most industrial metals higher as worse-than-expected manufacturing data in China and the euro area increased speculation of more economic stimulus. Copper fell in London on signs that factory demand will slow in China, the world’s largest consumer of the industrial metal.

ENERGY WRAP: West Texas Intermediate crude fell amid speculation that weakening manufacturing from Germany to China will cap demand for oil. Brent was steady in London.

PRECIOUS METAL WRAP: Gold extended a declined from a one-week high, retreating for a third day, as investors weighed the health of the global economy against tension between Ukraine and Russia.

GLOBAL EVENTS TO WATCH: Building Approvals m/m(AUD), Cash Rate(AUD), RBA Rate Statement(AUD), Construction PMI(GBP), Final Manufacturing PMI(USD), ISM Manufacturing PMI(USD), Construction Spending m/m(USD), IBD/TIPP Economic Optimism(USD), ISM Manufacturing Prices(USD).

AGRI COMMODITY	BULLION COMMODITY
CS CHANA (SEPTEMBER)) OVERVIEW: TREND CONSOLIDATE SUP1:2802 SUP2:2760 RESIST1:2870 RESIST2:2940 TRADING STRATEGY: BUY ON DIPS	CS COPPER (NOVEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:424 SUP2:420 RESIST1:434 RESIST2:438 TRADING STRATEGY: SELL ON RISE
CS JEERA (SEPTEMBER) OVERVIEW: TREND BEARISH SUP1:10970 SUP2:10750 RESIST1:11230 RESIST2:11460 TRADING STRATEGY: SELL ON RISE	CS CRUDE (SEPTEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:5770 SUP2:5720 RESIST1:5905 RESIST2:6020 TRADING STRATEGY: SELL ON RISE
CS TURMERIC (SEPTEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:6300 SUP2:6100 RESIST1:6670 RESIST2:6750 TRADING STRATEGY: SELL ON RISE	CS GOLD (OCTOBER) OVERVIEW: TREND BEARISH SUP1:27680 SUP2:27420 RESIST1:28040 RESIST2:28180 TRADING STRATEGY: SELL ON RISE
CS SOYABEAN (OCTOBER) OVERVIEW: TREND BEARISH SUP1:3250 SUP2:3140 RESIST1:3370 RESIST2:3490 TRADING STRATEGY: SELL ON RISE	CS SILVER (SEPTEMBER) OVERVIEW: TREND BEARISH SUP1:41700 SUP2:40500 RESIST1:42570 RESIST2:43000 TRADING STRATEGY: SELL ON RISE

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