DAILY COMMODITY MARKET STRATEGY-10 Oct 2014

Commodity Tips
BASE METAL WRAP: Copper trimmed its first weekly gain since August amid worry that European economies are slowing down and Germany is heading for recession.

ENERGY WRAP: West Texas Intermediate extended its slump into a bear market amid speculation that rising global oil supplies will be more than enough to meet slowing demand. London’s Brent traded at the lowest price since December 2010.

PRECIOUS METAL WRAP: Gold headed for the biggest weekly increase since June as concern that the global economy may be faltering stoked speculation of more stimulus, boosting demand for a store of value. Platinum extended a decline.

GLOBAL EVENTS TO WATCH: Employment Change, Unemployment Rate, Import Prices m/m, FOMC Member Plosser Speaks, IMF Meetings, G20 Meetings, Federal Budget Balance.

AGRI COMMODITY
BULLION COMMODITY
CS CHANA (NOVEMBER) OVERVIEW:
TREND CONSOLIDATE
SUP1:2870
SUP2:2840
RESIST1:2970
RESIST2:3040
TRADING STRATEGY: BUY ON DIPS
CS COPPER (NOVEMBER) OVERVIEW:
TREND CONSOLIDATE
SUP1:409
SUP2:407
RESIST1:418
RESIST2:422
TRADING STRATEGY: SELL ON RISE
CS JEERA (NOVEMBER) OVERVIEW:
TREND CONSOLIDATE
SUP1:10675
SUP2:10520
RESIST1:10830
RESIST2:11110
TRADING STRATEGY: SELL ON RISE
CS CRUDE (OCTOBER) OVERVIEW:
TREND BEARISH
SUP1:5064
SUP2:4925
RESIST1:5220
RESIST2:5378
TRADING STRATEGY: SELL ON RISE
CS TURMERIC (NOVEMBER) OVERVIEW:
TREND CONSOLIDATE
SUP1:5850
SUP2:5740
RESIST1:6170
RESIST2:6270
TRADING STRATEGY: BUY ON DIPS
CS GOLD (DECEMBER) OVERVIEW:
TREND CONSOLIDATE
SUP1:26650
SUP2:26450
RESIST1:27100
RESIST2:27500
TRADING STRATEGY: SELL ON RISE
CS SOYABEAN (NOVEMBER) OVERVIEW:
TREND CONSOLIDATE
SUP1:2950
SUP2:2915
RESIST1:3004
RESIST2:3045
TRADING STRATEGY: SELL ON RISE
CS SILVER (DECEMBER) OVERVIEW:
TREND BEARISH
SUP1:38050
SUP2:37400
RESIST1:39200
RESIST2:39630
TRADING STRATEGY: SELL ON RISE
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