DAILY COMMODITY MARKET STRATEGY-3 Sep 2014

BASE METAL WRAP: Copper advanced in London as U.S. manufacturing expanded at the quickest clip in three years and construction spending rebounded, signaling increased demand.

ENERGY WRAP: Natural gas prices dropped on Tuesday after weather forecasting models called for falling temperatures across the U.S., which should cut into the need for air conditioning and thus reduce demand for the commodity at the nation's thermal power plants. Oil prices dropped on Tuesday due to mounting concerns that global supply is far outreaching demand, while a stronger U.S. dollar also bruised the commodity.

PRECIOUS METAL WRAP: Gold futures extended losses on Tuesday, slumping to more than two month lows as the broadly stronger dollar dampened investor demand for the precious metal.

GLOBAL EVENTS TO WATCH: Non-Manufacturing PMI(CNY), GDP q/q(AUD), HSBC Services PMI(CNY), RBA Gov Stevens Speaks(AUD), Services PMI(GBP), BOC Rate Statement(CAD), Overnight Rate(CAD), Factory Orders m/m(USD), Total Vehicle Sales(USD), Beige Book(USD).

Agri Commodity	Bullion Commodity
CS CHANA (SEPTEMBER)) OVERVIEW: TREND CONSOLIDATE SUP1:2760 SUP2:2695 RESIST1:2870 RESIST2:2940 TRADING STRATEGY: SELL ON RISE	CS COPPER (NOVEMBER) OVERVIEW: TREND BEARISH SUP1:424 SUP2:420 RESIST1:432 RESIST2:438 TRADING STRATEGY: SELL ON RISE
CS JEERA (SEPTEMBER) OVERVIEW: TREND BEARISH SUP1:10695 SUP2:10590 RESIST1:10990 RESIST2:11230 TRADING STRATEGY: SELL ON RISE	CS CRUDE (SEPTEMBER) OVERVIEW: TREND BEARISH SUP1:5640 SUP2:5550 RESIST1:5715 RESIST2:5800 TRADING STRATEGY: SELL ON RISE
CS TURMERIC (SEPTEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:6300 SUP2:6100 RESIST1:6670 RESIST2:6750 TRADING STRATEGY: SELL ON RISE	CS GOLD (OCTOBER) OVERVIEW: TREND BEARISH SUP1:27420 SUP2:27000 RESIST1:27700 RESIST2:27830 TRADING STRATEGY: SELL ON RISE
CS SOYABEAN (OCTOBER) OVERVIEW: TREND BEARISH SUP1:3170 SUP2:3083 RESIST1:3312 RESIST2:3370 TRADING STRATEGY: SELL ON RISE	CS SILVER (DECEMBER) OVERVIEW: TREND BEARISH SUP1:42000 SUP2:41200 RESIST1:42600 RESIST2:42950 TRADING STRATEGY: SELL ON RISE

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