DAILY COMMODITY MARKET STRATEGY-22 Aug 2014

BASE METAL WRAP: Aluminium buyers in Japan, Asia’s largest importer, are set to agree on a record quarterly fee after lower output from Brazil deepened a global deficit, said three executives who will start negotiations next week. Copper in London rose to a two-week high, heading for the first weekly advance in a month on stronger-than-expected U.S. homes sales and before a speech by Federal Reserve Chair Janet Yellen.

ENERGY WRAP: West Texas Intermediate crude headed for a fifth weekly decline, the longest losing streak in nine months, amid rising U.S. fuel supplies and signs of a slowing economy in China. Brent was steady in London.

PRECIOUS METAL WRAP: Gold traded near a two-month low on speculation that U.S. interest rates are set to increase as investors awaited remarks from Federal Reserve Chair Janet Yellen at a meeting of central bankers. Silver headed for a sixth week of losses in the longest slump in more than a yea

GLOBAL EVENTS TO WATCH: Core CPI m/m, Core Retail Sales m/m, Fed Chair Yellen Speaks, Jackson Hole Symposium.

AGRI COMMODITY	BULLION COMMODITY
CS CHANA (SEPTEMBER)) OVERVIEW: TREND CONSOLIDATE SUP1:2900 SUP2:2870 RESIST1:3000 RESIST2:3020 TRADING STRATEGY: SELL ON RISE	CS COPPER (AUG) OVERVIEW: TREND CONSOLIDATE SUP1:421 SUP2:415 RESIST1:429 RESIST2:433 TRADING STRATEGY: BUY ON DIPS
CS JEERA (SEPTEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:11150 SUP2:10920 RESIST1:11450 RESIST2:11500 TRADING STRATEGY: SELL ON RISE	CS CRUDE (SEPTEMBER) OVERVIEW: TREND BEARISH SUP1:5640 SUP2:5550 RESIST1:5770 RESIST2:5850 TRADING STRATEGY: SELL ON RISE
CS TURMERIC (SEPTEMBER) OVERVIEW: TREND BULLISH SUP1:6450 SUP2:6310 RESIST1:6670 RESIST2:6780 TRADING STRATEGY: BUY ON DIPS	CS GOLD (OCTOBER) OVERVIEW: TREND BEARISH SUP1:27600 SUP2:27350 RESIST1:27950 RESIST2:28150 TRADING STRATEGY: SELL ON RISE
CS SOYABEAN (OCTOBER) OVERVIEW: TREND BEARISH SUP1:3350 SUP2:3260 RESIST1:3490 RESIST2:3550 TRADING STRATEGY: SELL ON RISE	CS SILVER (SEPTEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:41750 SUP2:41300 RESIST1:42500 RESIST2:42800 TRADING STRATEGY: BUY ON DIPS

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