DAILY COMMODITY MARKET STRATEGY-22 Sep 2014

Commodity Tips
BASE METAL WRAP: Copper retreated for a fourth day, leading most industrial metals lower, before data tomorrow that may show manufacturing slowed for a second month in China, the biggest consumer.

ENERGY WRAP: Brent crude declined for the third time in four days before manufacturing data from China, the world’s second-biggest oil consumer. West Texas Intermediate fell in New York.

PRECIOUS METAL WRAP: Gold fell to an eight-month low as the outlook for higher U.S. borrowing costs strengthened the dollar, damping demand for a store of value. Silver sank to a four-year low and platinum dropped to the lowest this year.

GLOBAL EVENTS TO WATCH: ECB President Draghi Speaks, Existing Home Sales, FOMC Member Dudley Speaks.
AGRO COMMODITY
BULLION COMMODITY
CS CHANA (OCTOBER)) OVERVIEW:
TREND CONSOLIDATE
SUP1:2780
SUP2:2740
RESIST1:2890
RESIST2:2950
TRADING STRATEGY: BUY ON DIPS
CS COPPER (NOVEMBER) OVERVIEW:
TREND BEARISH
SUP1:412
SUP2:407
RESIST1:417
RESIST2:422
TRADING STRATEGY: SELL ON RISE
CS JEERA (OCTOBER) OVERVIEW:
TREND BEARISH
SUP1:10590
SUP2:10400
RESIST1:10940
RESIST2:11100
TRADING STRATEGY: SELL ON RISE
CS CRUDE (OCTOBER) OVERVIEW:
TREND CONSOLIDATE
SUP1:5550
SUP2:5500
RESIST1:5650
RESIST2:5750
TRADING STRATEGY: SELL ON RISE
CS TURMERIC (OCTOBER) OVERVIEW:
TREND BEARISH
SUP1:5740
SUP2:5600
RESIST1:6170
RESIST2:6370
TRADING STRATEGY: SELL ON RISE
CS GOLD (OCTOBER) OVERVIEW:
TREND BEARISH
SUP1:26290
SUP2:26000
RESIST1:26670
RESIST2:27120
TRADING STRATEGY: SELL ON RISE
CS SOYABEAN (OCTOBER) OVERVIEW:
TREND BEARISH
SUP1:3000
SUP2:2950
RESIST1:3100
RESIST2:3170
TRADING STRATEGY: SELL ON RISE
CS SILVER (DECEMBER) OVERVIEW:
TREND BEARISH
SUP1:38400
SUP2:37400
RESIST1:40200
RESIST2:41800
TRADING STRATEGY: SELL ON RISE
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