DAILY COMMODITY MARKET STRATEGY-9 Sep 2014

BASE METAL WRAP: Nickel lead industrial metals lower as the dollar climbed, curbing demand for commodities as an investment. Copper prices surged on Monday on solid trade data from China.

ENERGY WRAP: West Texas Intermediate crude rose for the first time in four days before stockpile data that will signal the strength of fuel demand in the U.S., the world’s biggest oil consumer. Brent was steady in London.

PRECIOUS METAL WRAP: Gold traded near a three-month low as the dollar advanced on speculation the Federal Reserve will increase interest rates next year, curbing demand for an alternative investment. Platinum fell to the lowest since April.

GLOBAL EVENTS TO WATCH: NAB Business Confidence, Manufacturing Production m/m, BOE Gov Carney Speaks, NFIB Small Business Index, JOLTS Job Openings, FOMC Member Tarullo Speaks.

AGRI COMMODITY	BULLION COMMODITY
CS CHANA (SEPTEMBER)) OVERVIEW: TREND BEARISH SUP1:2745 SUP2:2695 RESIST1:2870 RESIST2:2950 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 SUP1:5550 SUP2:5490 RESIST1:5700 RESIST2:5740 TRADING STRATEGY: SELL ON RISE
CS TURMERIC (SEPTEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:6310 SUP2:6164 RESIST1:6484 RESIST2:6820 TRADING STRATEGY: SELL ON RISE	CS GOLD (OCTOBER) OVERVIEW: TREND BEARISH SUP1:27020 SUP2:26550 RESIST1:27480 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 BEARISH SUP1:41200 SUP2:40500 RESIST1:42450 RESIST2:42950 TRADING STRATEGY: SELL ON RISE

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