DAILY COMMODITY MARKET STRATEGY-6 Aug 2014

BASE METAL WRAP: London copper fell to its lowest level in two weeks and Shanghai prices slid nearly 1 percent, reflecting investor caution as weakness in China's services sector cast doubts on its economic recovery momentum.

ENERGY WRAP: West Texas Intermediate rose for a second time in three days after an industry report showed crude stockpiles declined in the U.S., the world’s biggest oil user. Brent climbed in London.

PRECIOUS METAL WRAP: Silver futures fell to a six-week low as the dollar’s advance reduced the appeal of commodities as alternative investments. Gold, platinum and palladium dropped.

GLOBAL EVENTS TO WATCH: Employment Change q/q, Unemployment Rate, Manufacturing Production m/m, Trade Balance, Trade Balance, Crude Oil Inventories.

AGRI COMMODITY	BULLION COMMODITY
CS CHANA (AUGUST) OVERVIEW: TREND CONSOLIDATE SUP1:2765 SUP2:2695 RESIST1:2840 RESIST2:2926 TRADING STRATEGY: SELL ON RISE	CS COPPER (AUG) OVERVIEW: TREND CONSOLIDATE SUP1:430 SUP2:425 RESIST1:440 RESIST2:444 TRADING STRATEGY: SELL ON RISE
CS JEERA (AUGUST) OVERVIEW: TREND CONSOLIDATE SUP1:11040 SUP2:10970 RESIST1:11320 RESIST2:11570 TRADING STRATEGY: SELL ON RISE	CS CRUDE (AUGUST) OVERVIEW: TREND CONSOLIDATE SUP1:5950 SUP2:5930 RESIST1:6084 RESIST2:6145 TRADING STRATEGY: SELL ON RISE
CS TURMERIC (AUGUST) OVERVIEW: TREND BULLISH SUP1:6570 SUP2:6490 RESIST1:6740 RESIST2:6830 TRADING STRATEGY: BUY ON DIPS	CS GOLD (OCTOBER) OVERVIEW: TREND CONSOLIDATE SUP1:28000 SUP2:27600 RESIST1:28400 RESIST2:28600 TRADING STRATEGY: BUY ON DIPS
CS SOYABEAN (OCTOBER) OVERVIEW: TREND BEARISH SUP1:3580 SUP2:3500 RESIST1:3700 RESIST2:3750 TRADING STRATEGY: SELL ON RISE	CS SILVER (SEPTEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:43200 SUP2:42900 RESIST1:44200 RESIST2:44800 TRADING STRATEGY: SELL ON RISE