DAILY COMMODITY MARKET STRATEGY-31 Oct 2014

BASE METAL WRAP: Copper is poised for the first monthly advance since July before an official gauge of Chinese manufacturing growth and on speculation that planned strikes at mines in Indonesia and Peru may disrupt supplies.

ENERGY WRAP: West Texas Intermediate and Brent headed for the biggest monthly decline in more than two years amid signs that OPEC boosted output to a 14-month high even as crude slumped into a bear market.

PRECIOUS METAL WRAP: Gold headed for the first consecutive monthly loss in 2014 after erasing gains for the year as the Federal Reserve ended its asset-purchase program amid signs of an improving U.S. economy. Silver dropped to the lowest since February 2010.

GLOBAL EVENTS TO WATCH: PPI q/q, Monetary Policy Statement, BOJ Press Conference, CPI Flash Estimate y/y, GDP m/m, Core PCE Price Index m/m, Employment Cost Index q/q, Personal Spending m/m, Personal Income m/m, Chicago PMI, Revised UoM Consumer Sentiment, Revised UoM Inflation Expectations.

AGRI COMMODITY	BULLION COMMODITY
CS CHANA (NOVEMBER) OVERVIEW: TREND BULLISH SUP1:3090 SUP2:3020 RESIST1:3200 RESIST2:3247 TRADING STRATEGY: BUY ON DIPS	CS COPPER (NOVEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:415 SUP2:411 RESIST1:424 RESIST2:430 TRADING STRATEGY: SELL ON RISE
CS JEERA (NOVEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:11285 SUP2:11215 RESIST1:11550 RESIST2:11720 TRADING STRATEGY: SELL ON RISE	CS CRUDE (OCTOBER) OVERVIEW: TREND CONSOLIDATE SUP1:4900 SUP2:4850 RESIST1:5050 RESIST2:5118 TRADING STRATEGY: BUY ON DIPS
CS TURMERIC (NOVEMBER) OVERVIEW: TREND BEARISH SUP1:6064 SUP2:5950 RESIST1:6330 RESIST2:6540 TRADING STRATEGY: SELL ON RISE	CS GOLD (DECEMBER) OVERVIEW: TREND BEARISH SUP1:26300 SUP2:25490 RESIST1:26680 RESIST2:27090 TRADING STRATEGY: SELL ON RISE
CS SOYABEAN (NOVEMBER) OVERVIEW: TREND BULLISH SUP1:3240 SUP2:3154 RESIST1:3335 RESIST2:3400 TRADING STRATEGY: SELL ON RISE	CS SILVER (DECEMBER) OVERVIEW: TREND BEARISH SUP1:35580 SUP2:34100 RESIST1:36700 RESIST2:37700 TRADING STRATEGY: SELL ON RISE

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