DAILY COMMODITY MARKET STRATEGY-30 Sep 2014

Commodity Tips
BASE METAL WRAP: Zinc rose, heading for a second quarterly advance, on speculation that demand for the metal used to galvanize steel will outpace supply.

ENERGY WRAP: Better-than-expected U.S. personal spending data coupled with news of refinery closures sent oil prices trading near session highs on Monday.

PRECIOUS METAL WRAP: Gold traded near the lowest level in nine months, on course for the first quarterly loss this year, as prospects for higher U.S. borrowing costs boosted the dollar to its best quarter since the financial crisis.

GLOBAL EVENTS TO WATCH: ANZ Business Confidence, HSBC Final Manufacturing PMI, Current Account, CPI Flash Estimate y/y, GDP m/m, S&P/CS Composite-20 HPI y/y, Chicago PMI, CB Consumer Confidence.

AGRI COMMODITY
BULLION COMMODITY
CS CHANA (OCTOBER)) OVERVIEW:
TREND CONSOLIDATE
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
SUP1:10380
SUP2:10300
RESIST1:10705
RESIST2:10940
TRADING STRATEGY: BUY ON DIPS
CS CRUDE (OCTOBER) OVERVIEW:
TREND CONSOLIDATE
SUP1:5670
SUP2:5585
RESIST1:5900
RESIST2:6050
TRADING STRATEGY: BUY ON DIPS
CS TURMERIC (OCTOBER) OVERVIEW:
TREND CONSOLIDATE
SUP1:5850
SUP2:5740
RESIST1:6178
RESIST2:6270
TRADING STRATEGY: SELL ON RISE
CS GOLD (OCTOBER) OVERVIEW:
TREND BEARISH
SUP1:26750
SUP2:26290
RESIST1:27120
RESIST2:27430
TRADING STRATEGY: SELL ON RISE
CS SOYABEAN (OCTOBER) OVERVIEW:
TREND CONSOLIDATE
SUP1:3078
SUP2:3010
RESIST1:3154
RESIST2:3242
TRADING STRATEGY: SELL ON RISE
CS SILVER (DECEMBER) OVERVIEW:
TREND BEARISH
SUP1:38400
SUP2:37400
RESIST1:39630
RESIST2:39900
TRADING STRATEGY: SELL ON RISE
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