DAILY COMMODITY MARKET STRATEGY-20 Oct 2014

Commodity Tips
Base Metal Wrap:-Copper prices on the London Metal Exchange edged down on Monday ahead of Chinese trade and economic data due on Tuesday and the start of LME Week in London.

Precious Metal Wrap:-Gold declined for a third day, extending a retreat from a five-week high, as a rebound in global equities reduced demand for a haven. Platinum and palladium advanced.

Energy Wrap:-Oil prices rose in volatile trade on Thursday, as data showing tight U.S. gasoline supplies and technical trading ahead of options expiry provided rare support amid a long downturn.
AGRI COMMODITY
CS TURMERIC (NOVEMBER) OVERVIEW:
TREND:CONSOLIDATE
SUPPORT 1:5950,
SUPPORT 2:5850,
RESISTENCE 1:6220,
RESISTENCE 2:6320.
STRATEGY:SELL ON RISE
CS SOYABEAN (NOVEMBER) OVERVIEW:
TREND:CONSOLIDATE
SUPPORT 1:3005,
SUPPORT 2:2950,
RESISTENCE 1:3250,
RESISTENCE 2:3315.
STRATEGY:BUY ON DIPS
CS CHANA (NOVEMBER) OVERVIEW:
TREND:CONSOLIDATE
SUPPORT 1:]2870,
SUPPORT 2:2840,
RESISTENCE 1:2950,
RESISTENCE 2:2970.
STRATEGY:BUY ON DIPS
CS JEERA (NOVEMBER) OVERVIEW:
TREND:CONSOLIDATE
SUPPORT 1:10590,
SUPPORT 2:10520,
RESISTENCE 1:11110,
RESISTENCE 2:11150.
STRATEGY:SELL ON RISE
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