DAILY COMMODITY MARKET STRATEGY-22 Sep 2014

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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