DAILY COMMODITY MARKET STRATEGY-25 Sep 2014

BASE METAL WRAP: Industrial metals fell as the discovery of almost $10 billion in fraudulent trades in China raised speculation supplies may rise. Metals also sank as the U.S. dollar strengthened.

ENERGY WRAP: West Texas Intermediate traded near the highest price in almost a week as crude inventories shrank in the U.S., the world’s biggest oil consumer. Brent was steady in London.

PRECIOUS METAL WRAP: Gold fell toward an eight-month low as U.S. data that beat estimates reinforced expectations for higher borrowing costs, boosting the dollar. Platinum sank to the lowest since June 2013 while palladium and silver dropped.

GLOBAL EVENTS TO WATCH: RBA Gov Stevens Speaks, Core Durable Goods Orders m/m, Durable Goods Orders m/m, Unemployment Claims, BOE Gov Carney Speaks, Flash Services PMI, Natural Gas Storage.

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 RESIST1:418 RESIST2:422 TRADING STRATEGY: SELL ON RISE
CS JEERA (OCTOBER) OVERVIEW: TREND BEARISH SUP1:10380 SUP2:10300 RESIST1:10705 RESIST2:10940 TRADING STRATEGY: SELL ON RISE	CS CRUDE (OCTOBER) OVERVIEW: TREND CONSOLIDATE SUP1:5585 SUP2:5550 RESIST1:5700 RESIST2:5750 TRADING STRATEGY: BUY ON DIPS
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 RESIST1:27000 RESIST2:27120 TRADING STRATEGY: SELL ON RISE
CS SOYABEAN (OCTOBER) OVERVIEW: TREND CONSOLIDATE SUP1:3010 SUP2:2900 RESIST1:3170 RESIST2:3250 TRADING STRATEGY: SELL ON RISE	CS SILVER (DECEMBER) OVERVIEW: TREND BEARISH SUP1:38400 SUP2:37400 RESIST1:39900 RESIST2:40300 TRADING STRATEGY: SELL ON RISE

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