DAILY COMMODITY MARKET STRATEGY-11 Sep 2014

BASE METAL WRAP: Copper prices rose on Wednesday but remained near a one-month low due to concerns about growth in top consumer China and a strong dollar, while nickel slipped as supply worries eased.

ENERGY WRAP: West Texas Intermediate traded near an eight-month low amid speculation that rising U.S. crude output will add to excess supply in the world’s biggest oil consumer.

PRECIOUS METAL WRAP: Gold traded near a three-month low as investors assessed the outlook for U.S. monetary policy amid easing tensions between Ukraine and Russia.

GLOBAL EVENTS TO WATCH: Official Cash Rate, RBNZ Monetary Policy Statement, RBNZ Press Conference, RBNZ Rate Statement, President Obama Speaks, Employment Change, Unemployment Rate, CPI y/y, PPI y/y, Unemployment Claims, Natural Gas Storage, 30-y Bond Auction, Federal Budget Balance.

AGRI COMMODITY	BULLION COMMODITY
CS CHANA (SEPTEMBER)) OVERVIEW: TREND CONSOLIDATE SUP1:2815 SUP2:2745 RESIST1:2870 RESIST2:2950 TRADING STRATEGY: SELL ON RISE	CS COPPER (NOVEMBER) OVERVIEW: TREND BEARISH SUP1:420 SUP2:412 RESIST1:428 RESIST2:432 TRADING STRATEGY: SELL ON RISE
CS JEERA (SEPTEMBER) OVERVIEW: TREND BEARISH SUP1:10750 SUP2:10675 RESIST1:11100 RESIST2:11340 TRADING STRATEGY: SELL ON RISE	CS CRUDE (SEPTEMBER) OVERVIEW: TREND BEARISH SUP1:5550 SUP2:5490 RESIST1:5710 RESIST2:5780 TRADING STRATEGY: SELL ON RISE
CS TURMERIC (SEPTEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:6270 SUP2:6164 RESIST1:6500 RESIST2:6820 TRADING STRATEGY: SELL ON RISE	CS GOLD (OCTOBER) OVERVIEW: TREND BEARISH SUP1:27020 SUP2:26550 RESIST1:27430 RESIST2:27640 TRADING STRATEGY: SELL ON RISE
CS SOYABEAN (OCTOBER) OVERVIEW: TREND CONSOLIDATE SUP1:3080 SUP2:2950 RESIST1:3280 RESIST2:3370 TRADING STRATEGY: SELL ON RISE	CS SILVER (DECEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:41800 SUP2:41200 RESIST1:42280 RESIST2:42500 TRADING STRATEGY: SELL ON RISE

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