DAILY COMMODITY MARKET STRATEGY-8 Sep 2014

equity tips
BASE METAL WRAP: COPPER prices rose to their highest level in more than a week on Friday, as investors bet that an apparent speed bump in the US recovery will be outweighed by an expected boost in demand from Europe.

ENERGY WRAP: West Texas Intermediate and Brent crudes dropped after weaker-than-estimated U.S. jobs growth in August and as Ukraine and pro-Russian separatists agreed to a cease-fire.

PRECIOUS METAL WRAP: Gold rose from an 11-week low, after U.S. employers added the fewest jobs this year, adding some pressure on the Federal Reserve to maintain lower interest rates.

GLOBAL EVENTS TO WATCH: Trade Balance, Building Permits m/m, Treasury Sec Lew Speaks.

AGRI COMMODITY
BULLION COMMODITY
CS CHANA (SEPTEMBER)) OVERVIEW:
TREND BEARISH
SUP1:2745
SUP2:2695
RESIST1:2840
RESIST2:2890
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
SUP1:10920
SUP2:10675
RESIST1:11100
RESIST2:11340
TRADING STRATEGY: SELL ON RISE
CS CRUDE (SEPTEMBER) OVERVIEW:
TREND BEARISH
SUP1:5580
SUP2:5490
RESIST1:5740
RESIST2:5780
TRADING STRATEGY: SELL ON RISE
CS TURMERIC (SEPTEMBER) OVERVIEW:
TREND BEARISH
SUP1:6314
SUP2:6255
RESIST1:6490
RESIST2:6600
TRADING STRATEGY: SELL ON RISE
CS GOLD (OCTOBER) OVERVIEW:
TREND BEARISH
SUP1:27300
SUP2:27000
RESIST1:27540
RESIST2:27640
TRADING STRATEGY: SELL ON RISE
CS SOYABEAN (OCTOBER) OVERVIEW:
TREND BEARISH
SUP1:3080
SUP2:2950
RESIST1:3280
RESIST2:3370
TRADING STRATEGY: SELL ON RISE
CS SILVER (DECEMBER) OVERVIEW:
TREND CONSOLIDATE
SUP1:41800
SUP2:41200
RESIST1:42450
RESIST2:42950
TRADING STRATEGY: SELL ON RISE

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