DAILY COMMODITY MARKET STRATEGY-8 Sep 2014

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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