DAILY COMMODITY MARKET STRATEGY-23 Sep 2014

Commodity Tips
BASE METAL WRAP: Copper rose for the first time in five days and almost all industrial metals gained after better-than-expected factory data from China, the biggest consumer.

ENERGY WRAP: Brent rose from a one-week low after a Chinese manufacturing gauge beat forecasts, signaling increased demand from the world’s second-biggest oil consumer. West Texas Intermediate climbed in New York.

PRECIOUS METAL WRAP: Gold climbed from an eight-month low as investors assessed the health of the global economy and the outlook for physical demand.

GLOBAL EVENTS TO WATCH: HSBC Flash Manufacturing PMI, French Flash Manufacturing PMI, German Flash Manufacturing PMI, Core Retail Sales m/m, HPI m/m, FOMC Member Powell Speaks, Flash Manufacturing PMI, Richmond Manufacturing Index, FOMC Member Kocherlakota Speaks.
AGRI COMMODITY
BULLION COMMODITY
CS CHANA (OCTOBER)) OVERVIEW:
TREND CONSOLIDATE
SUP1:2740
SUP2:2695
RESIST1:2830
RESIST2:2890
TRADING STRATEGY: SELL ON RISE
CS COPPER (NOVEMBER) OVERVIEW:
TREND CONSOLIDATE
SUP1:412
SUP2:407
RESIST1:417
RESIST2:422
TRADING STRATEGY: SELL ON RISE
CS JEERA (OCTOBER) OVERVIEW:
TREND BEARISH
SUP1:10380
SUP2:10300
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
RESIST1:6030
RESIST2:6170
TRADING STRATEGY: SELL ON RISE
CS GOLD (OCTOBER) OVERVIEW:
TREND BEARISH
SUP1:26290
SUP2:26000
RESIST1:26650
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
RESIST1:39700
RESIST2:40300
TRADING STRATEGY: SELL ON RISE
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