DAILY COMMODITY MARKET STRATEGY-3 Sep 2014

Commodity Tips
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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