DAILY COMMODITY MARKET STRATEGY-9 Sep 2014

Equity tipsBASE 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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