DAILY COMMODITY MARKET STRATEGY-4 Sep 2014

BASE METAL WRAP: Nickel climbed to the highest in almost four weeks after a Philippine lawmaker filed a bill to require all mined minerals to be processed before export.

ENERGY WRAP: Natural gas prices edged lower on Wednesday after weather forecasting models continued to call for milder temperatures to move across the U.S. this weekend, which should cut into the need for air conditioning and thus reduce demand for the commodity at the nation's thermal power plants. Crude oil futures rebounded from the previous session's steep declines on Wednesday, after Kiev said it has reached a deal with Russia for a ceasefire in eastern Ukraine.

PRECIOUS METAL WRAP: Gold advanced for a second day on speculation that prices near the lowest level since June may encourage purchases as investors assessed tensions in Ukraine and the outlook for higher U.S. borrowing costs.

GLOBAL EVENTS TO WATCH: Retail Sales m/m, Trade Balance, Monetary Policy Statement, German Factory Orders m/m, BOJ Press Conference, Asset Purchase Facility, Official Bank Rate, MPC Rate Statement, Challenger Job Cuts y/y, Minimum Bid Rate, ADP Non-Farm Employment Change, Trade Balance, ECB Press Conference, Trade Balance, Unemployment Claims, Revised Nonfarm Productivity q/q, Revised Unit Labor Costs q/q, Final Services PMI, ISM Non-Manufacturing PMI, Natural Gas Storage, Crude Oil Inventories, FOMC Member Mester Speaks.

AGRI COMMODITY	BULLION COMMODITY
CS CHANA (SEPTEMBER)) OVERVIEW: TREND CONSOLIDATE SUP1:2790 SUP2:2760 RESIST1:2870 RESIST2:2900 TRADING STRATEGY: BUY ON DIPS	CS COPPER (NOVEMBER) OVERVIEW: TREND BEARISH SUP1:424 SUP2:420 RESIST1:432 RESIST2:438 TRADING STRATEGY: SELL ON RISE
CS JEERA (SEPTEMBER) OVERVIEW: TREND BEARISH SUP1:10750 SUP2:10590 RESIST1:10980 RESIST2:11230 TRADING STRATEGY: SELL ON RISE	CS CRUDE (SEPTEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:5640 SUP2:5550 RESIST1:5835 RESIST2:5962 TRADING STRATEGY: SELL ON RISE
CS TURMERIC (SEPTEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:6300 SUP2:6100 RESIST1:6670 RESIST2:6750 TRADING STRATEGY: SELL ON RISE	CS GOLD (OCTOBER) OVERVIEW: TREND BEARISH SUP1:27420 SUP2:27000 RESIST1:27700 RESIST2:27850 TRADING STRATEGY: SELL ON RISE
CS SOYABEAN (OCTOBER) OVERVIEW: TREND BEARISH SUP1:3150 SUP2:3100 RESIST1:3312 RESIST2:3370 TRADING STRATEGY: SELL ON RISE	CS SILVER (DECEMBER) OVERVIEW: TREND BEARISH SUP1:42000 SUP2:41200 RESIST1:42600 RESIST2:42950 TRADING STRATEGY: SELL ON RISE

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