DAILY COMMODITY MARKET STRATEGY-10 Oct 2014

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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