DAILY COMMODITY MARKET STRATYEGY-21 Aug 2014

BASE METAL WRAP: Copper prices are seen rebounding 8.4 percent as demand for the metal used in pipes and wiring expands amid signs of tightening supplies, Standard Chartered Plc forecasts. Aluminum in London retreated from a six-month high as industrial metals declined after worse-than-expected manufacturing data from China, the biggest consumer.

ENERGY WRAP: West Texas Intermediate swung between gains and losses as U.S. crude stockpiles fell and a measure of China’s manufacturing missed estimates. Brent was steady in London.

PRECIOUS METAL WRAP: Gold fell for a fifth day, poised for the longest slump since June, as minutes of the Federal Reserve’s last meeting signaled that policy makers may increase borrowing costs earlier than expected. Platinum headed for the longest losing run in 27 years.

GLOBAL EVENTS TO WATCH: HSBC Flash Manufacturing PMI, French Flash Manufacturing PMI, German Flash Manufacturing PMI, Retail Sales m/m, Unemployment Claims, Flash Manufacturing PMI, Philly Fed Manufacturing Index, Existing Home Sales, CB Leading Index m/m, Natural Gas Storage, Jackson Hole Symposium.

AGRI COMMODITY	BULLION COMMODITY
CS CHANA (SEPTEMBER)) OVERVIEW: TREND CONSOLIDATE SUP1:2958 SUP2:2870 RESIST1:3000 RESIST2:3020 TRADING STRATEGY: SELL ON RISE	CS COPPER (AUG) OVERVIEW: TREND CONSOLIDATE SUP1:421 SUP2:415 RESIST1:426 RESIST2:433 TRADING STRATEGY: SELL ON RISE
CS JEERA (SEPTEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:11150 SUP2:10920 RESIST1:11450 RESIST2:11500 TRADING STRATEGY: BUY ON DIPS	CS CRUDE (SEPTEMBER) OVERVIEW: TREND BEARISH SUP1:5640 SUP2:5550 RESIST1:5770 RESIST2:5850 TRADING STRATEGY: SELL ON RISE
CS TURMERIC (SEPTEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:6450 SUP2:6310 RESIST1:6670 RESIST2:6780 TRADING STRATEGY: BUY ON DIPS	CS GOLD (OCTOBER) OVERVIEW: TREND CONSOLIDATE SUP1:28000 SUP2:27800 RESIST1:28282 RESIST2:28360 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 BEARISH SUP1:41750 SUP2:41300 RESIST1:42500 RESIST2:42800 TRADING STRATEGY: SELL ON RISE

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