DAILY COMMODITY MARKET STRATEGY-17 Sep 2014

BASE METAL WRAP: Industrial metals climbed for a second day after a report that China’s central bank intensified stimulus measures to support growth, boosting demand prospects in the biggest consumer.

ENERGY WRAP: West Texas Intermediate traded near the highest price in almost two weeks after OPEC’s secretary general said the group may cut crude-output targets next year. Brent was steady in London.

PRECIOUS METAL WRAP: Gold held above the lowest level since January before the Federal Reserve ends a two-day policy meeting that’s expected to see a further cut to stimulus at a time when other central banks are spurring their economies.

GLOBAL EVENTS TO WATCH: TIC Long-Term Purchases, Current Account, Average Earnings Index 3m/y, Claimant Count Change, MPC Asset Purchase Facility Votes, MPC Official Bank Rate Votes, CPI m/m, Core CPI m/m, Current Account, NAHB Housing Market Index, Crude Oil Inventories, FOMC Economic Projections, FOMC Statement, Federal Funds Rate.

AGRI COMMODITY	BULLION COMMODITY
CS CHANA (OCTOBER)) OVERVIEW: TREND CONSOLIDATE SUP1:2830 SUP2:2780 RESIST1:2890 RESIST2:2950 TRADING STRATEGY: BUY ON DIPS	CS COPPER (NOVEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:425 SUP2:422 RESIST1:435 RESIST2:440 TRADING STRATEGY: BUY ON DIPS
CS JEERA (OCTOBER) OVERVIEW: TREND CONSOLIDATE SUP1:10675 SUP2:10530 RESIST1:10940 RESIST2:11100 TRADING STRATEGY: SELL ON RISE	CS CRUDE (SEPTEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:5740 SUP2:5650 RESIST1:5840 RESIST2:5930 TRADING STRATEGY: BUY ON DIPS
CS TURMERIC (OCTOBER) OVERVIEW: TREND BEARISH SUP1:5980 SUP2:5850 RESIST1:6170 RESIST2:6370 TRADING STRATEGY: SELL ON RISE	CS GOLD (OCTOBER) OVERVIEW: TREND BEARISH SUP1:26900 SUP2:26700 RESIST1:27120 RESIST2:27430 TRADING STRATEGY: SELL ON RISE
CS SOYABEAN (OCTOBER) OVERVIEW: TREND CONSOLIDATE SUP1:3240 SUP2:3140 RESIST1:3370 RESIST2:3480 TRADING STRATEGY: BUY ON DIPS	CS SILVER (DECEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:40950 SUP2:40500 RESIST1:41800 RESIST2:42280 TRADING STRATEGY: SELL ON RISE

Get Free Share Market Tips, MCX Tips Free Trial, NCDEX Tips, Commodity Tips, Nifty Futures Tips with profitable calls and tips..