DAILY COMMODITY MARKET STRATEGY-3 Oct 2014

BASE METAL WRAP: Nickel climbed for the first time in seven days, leading industrial metals higher, on speculation recent losses were excessive and before payroll data from the U.S., the second-biggest consumer.

ENERGY WRAP: Brent crude traded on the brink of a bear market on speculation that Saudi Arabia will maintain output even as supplies from the U.S. and Russia increase and demand slows.

PRECIOUS METAL WRAP: Gold declined in London, with the metal almost erasing this year’s gains as the outlook for higher U.S. interest rates amid an improving economy curbs demand for the metal. Platinum dropped to a five-year low.

GLOBAL EVENTS TO WATCH: Non-Manufacturing PMI, Services PMI, Trade Balance, Non-Farm Employment Change, Trade Balance, Unemployment Rate, Average Hourly Earnings m/m, Final Services PMI, ISM Non-Manufacturing PMI.

BULLION COMMODITY

CS COPPER (NOVEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:412 SUP2:407 RESIST1:422 RESIST2:427 TRADING STRATEGY: SELL ON RISE

CS CRUDE (OCTOBER) OVERVIEW: TREND BEARISH SUP1:5650 SUP2:5520 RESIST1:5755 RESIST2:5885 TRADING STRATEGY: SELL ON RISE

CS GOLD (DECEMBER) OVERVIEW: TREND BEARISH SUP1:26750 SUP2:26450 RESIST1:27180 RESIST2:27320 TRADING STRATEGY: SELL ON RISE

CS SILVER (DECEMBER) OVERVIEW: TREND BEARISH SUP1:37400 SUP2:35580 RESIST1:39200 RESIST2:39630 TRADING STRATEGY: SELL ON RISE

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