DAILY COMMODITY MARKET STRATEGY-29 Sep 2014

Commodity Tips
BASE METAL WRAP: Nickel fell, heading for a bear market, on concern that demand will slow in China, the biggest metals user, and after Philippine lawmakers clarified last week they won’t seek an ore-export ban for at least seven years.

ENERGY WRAP: West Texas Intermediate crude fell from the highest price in seven days as concern eased over the risk of a supply disruption in the Middle East. Brent declined in London.

PRECIOUS METAL WRAP: Gold traded near the lowest level in almost nine months as the dollar rose to a four-year high amid prospects of higher borrowing costs as the U.S. economy improves. Platinum sank to a 15-month low.

GLOBAL EVENTS TO WATCH: German Prelim CPI m/m, Core PCE Price Index m/m, Personal Spending m/m, Personal Income m/m, Pending Home Sales m/m.

AGRI COMMODITY
BULLION COMMODITY
CS CHANA (OCTOBER)) OVERVIEW:
TREND BEARISH
SUP1:2740
SUP2:2695
RESIST1:2811
RESIST2:2830
TRADING STRATEGY: SELL ON RISE
CS COPPER (NOVEMBER) OVERVIEW:
TREND CONSOLIDATE
SUP1:412
SUP2:407
RESIST1:422
RESIST2:427
TRADING STRATEGY: SELL ON RISE
CS JEERA (OCTOBER) OVERVIEW:
TREND CONSOLIDATE
SUP1:10470
SUP2:10380
RESIST1:10705
RESIST2:10940
TRADING STRATEGY: SELL ON RISE
CS CRUDE (OCTOBER) OVERVIEW:
TREND CONSOLIDATE
SUP1:5670
SUP2:5585
RESIST1:5805
RESIST2:5890
TRADING STRATEGY: BUY ON DIPS
CS TURMERIC (OCTOBER) OVERVIEW:
TREND CONSOLIDATE
SUP1:5950
SUP2:5850
RESIST1:6180
RESIST2:6250
TRADING STRATEGY: SELL ON RISE
CS GOLD (OCTOBER) OVERVIEW:
TREND BEARISH
SUP1:26290
SUP2:26000
RESIST1:26900
RESIST2:27120
TRADING STRATEGY: SELL ON RISE
CS SOYABEAN (OCTOBER) OVERVIEW:
TREND BEARISH
SUP1:3040
SUP2:3010
RESIST1:3154
RESIST2:3242
TRADING STRATEGY: SELL ON RISE
CS SILVER (DECEMBER) OVERVIEW:
TREND BEARISH
SUP1:38400
SUP2:37400
RESIST1:39300
RESIST2:39630
TRADING STRATEGY: SELL ON RISE
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