DAILY COMMODITY MARKET STRATEGY-4 Sep 2014

Equity Tips
BASE METAL WRAP: Nickel climbed to the highest in almost four weeks after a Philippine lawmaker filed a bill to require all mined minerals to be processed before export.

ENERGY WRAP: Natural gas prices edged lower on Wednesday after weather forecasting models continued to call for milder temperatures to move across the U.S. this weekend, which should cut into the need for air conditioning and thus reduce demand for the commodity at the nation's thermal power plants. Crude oil futures rebounded from the previous session's steep declines on Wednesday, after Kiev said it has reached a deal with Russia for a ceasefire in eastern Ukraine.

PRECIOUS METAL WRAP: Gold advanced for a second day on speculation that prices near the lowest level since June may encourage purchases as investors assessed tensions in Ukraine and the outlook for higher U.S. borrowing costs.

GLOBAL EVENTS TO WATCH: Retail Sales m/m, Trade Balance, Monetary Policy Statement, German Factory Orders m/m, BOJ Press Conference, Asset Purchase Facility, Official Bank Rate, MPC Rate Statement, Challenger Job Cuts y/y, Minimum Bid Rate, ADP Non-Farm Employment Change, Trade Balance, ECB Press Conference, Trade Balance, Unemployment Claims, Revised Nonfarm Productivity q/q, Revised Unit Labor Costs q/q, Final Services PMI, ISM Non-Manufacturing PMI, Natural Gas Storage, Crude Oil Inventories, FOMC Member Mester Speaks.
AGRI COMMODITY
BULLION COMMODITY
CS CHANA (SEPTEMBER)) OVERVIEW:
TREND CONSOLIDATE
SUP1:2790
SUP2:2760
RESIST1:2870
RESIST2:2900
TRADING STRATEGY: BUY ON DIPS
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
SUP1:10750
SUP2:10590
RESIST1:10980
RESIST2:11230
TRADING STRATEGY: SELL ON RISE
CS CRUDE (SEPTEMBER) OVERVIEW:
TREND CONSOLIDATE
SUP1:5640
SUP2:5550
RESIST1:5835
RESIST2:5962
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
RESIST2:27850
TRADING STRATEGY: SELL ON RISE
CS SOYABEAN (OCTOBER) OVERVIEW:
TREND BEARISH
SUP1:3150
SUP2:3100
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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