DAILY COMMODITY MARKET STRATEGY-5 Sep 2014

Equity tips
BASE METAL WRAP: Nickel was poised to advance for a fifth week on concern ore supply will decline as the Philippines considers banning exports of unprocessed minerals.

ENERGY WRAP: West Texas Intermediate headed for a weekly decline as U.S. refineries reduced operating rates at the end of the peak season for gasoline demand in the world’s biggest oil consumer. Brent was steady in London.

PRECIOUS METAL WRAP: Gold and silver sank to 12-week lows as the dollar strengthened before data that may back the case for the Federal Reserve to raise borrowing costs at a time when the European Central Bank boosts stimulus. Platinum dropped to the lowest level in more than four months.

GLOBAL EVENTS TO WATCH: FOMC Member Powell Speaks, FOMC Member Fisher Speaks, FOMC Member Kocherlakota Speaks, Employment Change, Unemployment Rate, Non-Farm Employment Change, Unemployment Rate, Average Hourly Earnings m/m, Ivey PMI.
AGRI COMMODITY
BULLION COMMODITY
CS CHANA (SEPTEMBER)) OVERVIEW:
TREND BEARISH
SUP1:2680
SUP2:2650
RESIST1:2830
RESIST2:2870
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
SUP1:10750
SUP2:10590
RESIST1:10980
RESIST2:11230
TRADING STRATEGY: SELL ON RISE
CS CRUDE (SEPTEMBER) OVERVIEW:
TREND CONSOLIDATE
SUP1:5640
SUP2:5550
RESIST1:5780
RESIST2:5835
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
SUP1:27300
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
SUP1:41200
SUP2:40500
RESIST1:42450
RESIST2:42950
TRADING STRATEGY: SELL ON RISE
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