DAILY COMMODITY MARKET STRATEGY-14 Oct 2014

BASE METAL WRAP: Nickel extended gains and copper rose from the highest level in a week before euro-region industrial output data and after better-than-expected trade figures from China, the world’s largest metals user.

ENERGY WRAP: West Texas Intermediate extended its rout from the lowest price in 22 months amid speculation that rising U.S. stockpiles are exacerbating a global glut that’s driven prices into a bear market. Brent fell in London.

PRECIOUS METAL WRAP: Gold traded near the highest level in almost four weeks as speculation the U.S. Federal Reserve may delay raising borrowing costs on slowing global growth hurt the dollar and boosted demand for a store of value.

GLOBAL EVENTS TO WATCH: NAB Business Confidence, CPI y/y, German ZEW Economic Sentiment, NFIB Small Business Index.

AGRI COMMODITY	BULLION COMMODITY
CS CHANA (NOVEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:2890 SUP2:2840 RESIST1:2945 RESIST2:2970 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 SUP1:10590 SUP2:10520 RESIST1:10920 RESIST2:11110 TRADING STRATEGY: SELL ON RISE	CS CRUDE (OCTOBER) OVERVIEW: TREND BEARISH SUP1:5064 SUP2:4925 RESIST1:5300 RESIST2:5378 TRADING STRATEGY: SELL ON RISE
CS TURMERIC (NOVEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:5950 SUP2:5830 RESIST1:6200 RESIST2:6320 TRADING STRATEGY: BUY ON DIPS	CS GOLD (DECEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:27000 SUP2:26840 RESIST1:27350 RESIST2:27500 TRADING STRATEGY: BUY ON DIPS
CS SOYABEAN (NOVEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:2850 SUP2:2800 RESIST1:3004 RESIST2:3045 TRADING STRATEGY: SELL ON RISE	CS SILVER (DECEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:38300 SUP2:38050 RESIST1:39200 RESIST2:39630 TRADING STRATEGY: SELL ON RISE

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