DAILY COMMODITY MARKET STRATEGY-29 Oct 2014

BASE METAL WRAP: Nickel advanced for a second day, heading for the biggest two-day advance in five months, on speculation that lower prices will boost consumer buying and reduce production of a lower-grade alternative.

ENERGY WRAP: West Texas Intermediate crude rose for a second day as supply and economic data prompted speculation that fuel demand will increase in the U.S., the world’s biggest oil consumer. Brent gained in London.

PRECIOUS METAL WRAP: Gold held above a two-week low as investors assessed the health of the U.S. economy before the Federal Reserve concludes a policy meeting. Russia joined Turkey in adding bullion to reserves as assets in the largest exchange-traded product sank to the lowest in six years.

GLOBAL EVENTS TO WATCH: Crude Oil Inventories, FOMC Statement, Federal Funds Rate.

AGRI COMMODITY	BULLION COMMODITY
CS CHANA (NOVEMBER) OVERVIEW: TREND BULLISH SUP1:2970 SUP2:2895 RESIST1:2916 RESIST2:3080 TRADING STRATEGY: BUY ON DIPS	CS COPPER (NOVEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:415 SUP2:411 RESIST1:424 RESIST2:430 TRADING STRATEGY: SELL ON RISE
CS JEERA (NOVEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:11215 SUP2:11040 RESIST1:11550 RESIST2:11720 TRADING STRATEGY: SELL ON RISE	CS CRUDE (OCTOBER) OVERVIEW: TREND CONSOLIDATE SUP1:4950 SUP2:4900 RESIST1:5118 RESIST2:5202 TRADING STRATEGY: BUY ON DIPS
CS TURMERIC (NOVEMBER) OVERVIEW: TREND BEARISH SUP1:5950 SUP2:5850 RESIST1:6160 RESIST2:6280 TRADING STRATEGY: SELL ON RISE	CS GOLD (DECEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:27090 SUP2:26840 RESIST1:27270 RESIST2:27640 TRADING STRATEGY: SELL ON RISE
CS SOYABEAN (NOVEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:3154 SUP2:3090 RESIST1:3265 RESIST2:3335 TRADING STRATEGY: BUY ON DIPS	CS SILVER (DECEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:37800 SUP2:37000 RESIST1:38470 RESIST2:39200 TRADING STRATEGY: SELL ON RISE

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