DAILY COMMODITY MARKET STRATEGY-30 Oct 2014

BASE METAL WRAP: Investors are pulling out of industrial-metals funds at the fastest pace in 15 months, signaling increased concern that a faltering global economy will slow demand for everything from cars to appliances.

ENERGY WRAP: West Texas Intermediate retreated from a one-week high after government data showed crude stockpiles rose as output surged to a record high in the U.S., the world’s biggest oil consumer. Brent slid in London.

PRECIOUS METAL WRAP: Gold traded near a three-week low as the dollar strengthened after the Federal Reserve ended its asset-purchase program. Holdings in the largest exchange-traded product extended declines to the lowest in six years.

GLOBAL EVENTS TO WATCH: Official Cash Rate, RBNZ Rate Statement, BOC Gov Poloz Speaks, German Prelim CPI m/m, Advance GDP q/q, Unemployment Claims, Advance GDP Price Index q/q, Fed Chair Yellen Speaks, Natural Gas Storage.

AGRI COMMODITY	BULLION COMMODITY
CS CHANA (NOVEMBER) OVERVIEW: TREND BULLISH SUP1:2970 SUP2:2895 RESIST1:3080 RESIST2:3142 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 SUP1:5028 SUP2:4950 RESIST1:5118 RESIST2:5202 TRADING STRATEGY: BUY ON DIPS
CS TURMERIC (NOVEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:6064 SUP2:5950 RESIST1:6280 RESIST2:6330 TRADING STRATEGY: SELL ON RISE	CS GOLD (DECEMBER) OVERVIEW: TREND BEARISH SUP1:26700 SUP2:26300 RESIST1:27090 RESIST2:27270 TRADING STRATEGY: SELL ON RISE
CS SOYABEAN (NOVEMBER) OVERVIEW: TREND BULLISH SUP1:3187 SUP2:3154 RESIST1:3335 RESIST2:3400 TRADING STRATEGY: BUY ON DIPS	CS SILVER (DECEMBER) OVERVIEW: TREND BEARISH SUP1:37000 SUP2:35580 RESIST1:37950 RESIST2:38500 TRADING STRATEGY: SELL ON RISE

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