DAILY COMMODITY MARKET STRATEGY-5 Sep 2014

BASE METAL WRAP: Nickel was poised to advance for a fifth week on concern ore supply will decline as the Philippines considers banning exports of unprocessed minerals.

ENERGY WRAP: West Texas Intermediate headed for a weekly decline as U.S. refineries reduced operating rates at the end of the peak season for gasoline demand in the world’s biggest oil consumer. Brent was steady in London.

PRECIOUS METAL WRAP: Gold and silver sank to 12-week lows as the dollar strengthened before data that may back the case for the Federal Reserve to raise borrowing costs at a time when the European Central Bank boosts stimulus. Platinum dropped to the lowest level in more than four months.

GLOBAL EVENTS TO WATCH: FOMC Member Powell Speaks, FOMC Member Fisher Speaks, FOMC Member Kocherlakota Speaks, Employment Change, Unemployment Rate, Non-Farm Employment Change, Unemployment Rate, Average Hourly Earnings m/m, Ivey PMI.

AGRI COMMODITY	BULLION COMMODITY
CS CHANA (SEPTEMBER)) OVERVIEW: TREND BEARISH SUP1:2680 SUP2:2650 RESIST1:2830 RESIST2:2870 TRADING STRATEGY: SELL ON RISE	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 RESIST1:5780 RESIST2:5835 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 SUP1:27300 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 SUP1:41200 SUP2:40500 RESIST1:42450 RESIST2:42950 TRADING STRATEGY: SELL ON RISE

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