DAILY COMMODITY MARKET STRATEGY-14 July 2014

BASE METAL WRAP: London copper was marking time on Monday following four weeks of gains driven by tightening supply, with summer holidays in the northern hemisphere muting trade.

ENERGY WRAP: Brent crude traded near the lowest price in three months as Libya’s oil output continued to increase, easing the threat of supply disruptions from the Middle East. West Texas Intermediate was steady in New York.

PRECIOUS METAL WRAP: Gold dropped from a four-month high as investors weighed signs that the rally may be excessive after six weeks of gains and Goldman Sachs Group Inc. restated a forecast for lower prices. Silver, platinum and palladium fell.

GLOBAL EVENTS TO WATCH: Industrial Production m/m, ECB President Draghi Speaks.

AGRI COMMODITY	BULLION COMMODITY
CS CHANA (AUGUST) OVERVIEW: TREND CONSOLIDATE SUP1:2740 SUP2:2695 RESIST1:2925 RESIST2:3020 TRADING STRATEGY: SELL ON RISE	CS COPPER (AUG) OVERVIEW: TREND CONSOLIDATE SUP1:433 SUP2:430 RESIST1:439 RESIST2:443 TRADING STRATEGY: BUY ON DIPS
CS JEERA (AUGUST) OVERVIEW: TREND CONSOLIDATE SUP1:11400 SUP2:11250 RESIST1:11820 RESIST2:12100 TRADING STRATEGY: BUY ON DIPS	CS CRUDE (JULY) OVERVIEW: TREND BEARISH SUP1:6010 SUP2:5950 RESIST1:6151 RESIST2:6205 TRADING STRATEGY: SELL ON RISE
CS TURMERIC (AUGUST) OVERVIEW: TREND CONSOLIDATE SUP1:6316 SUP2:6164 RESIST1:6660 RESIST2:6830 TRADING STRATEGY: BUY ON DIPS	CS GOLD (AUG) OVERVIEW: TREND CONSOLIDATE SUP1:28100 SUP2:27940 RESIST1:28600 RESIST2:28850 TRADING STRATEGY: BUY ON DIPS
CS SOYABEAN (OCTOBER) OVERVIEW: TREND CONSOLIDATE SUP1:3660 SUP2:3590 RESIST1:3780 RESIST2:3870 TRADING STRATEGY: SELL ON RISE	CS SILVER (SEPTEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:45100 SUP2:44280 RESIST1:46400 RESIST2:47300 TRADING STRATEGY: BUY ON DIPS