DAILY COMMODITY MARKET STRATEGY-23 Sep 2014

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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