DAILY COMMODITY MARKET STRATEGY-20 Oct 2014

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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