DAILY COMMODITY MARKET STRATEGY-29 Sep 2014

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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