DAILY COMMODITY MARKET STRATEGY-16 Oct 2014

BASE METAL WRAP: Lead fell to the lowest price since May 2013 as signs of slowing economic growth from China to the U.S. point to weakening demand for industrial metals.

ENERGY WRAP: West Texas Intermediate extended its drop from the lowest price in more than two years amid speculation rising U.S. supplies are exacerbating a global glut that’s driven prices into a bear market. Brent fell in London.

PRECIOUS METAL WRAP: Gold traded near a five-week high as U.S. economic data that missed estimates added to signs a global slowdown may hurt the U.S. recovery, boosting demand for a haven as the dollar and equities dropped.

GLOBAL EVENTS TO WATCH: Foreign Direct Investment ytd/y, New Loans, M2 Money Supply y/y, FOMC Member Plosser Speaks, Manufacturing Sales m/m, Unemployment Claims, Industrial Production m/m, Capacity Utilization Rate, Philly Fed Manufacturing Index, FOMC Member Kocherlakota Speaks, NAHB Housing Market Index, Natural Gas Storage, Crude Oil Inventories.

AGRI COMMODITY	BULLION COMMODITY
CS CHANA (NOVEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:2870 SUP2:2840 RESIST1:2945 RESIST2:2970 TRADING STRATEGY: BUY ON DIPS	CS COPPER (NOVEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:409 SUP2:407 RESIST1:419 RESIST2:422 TRADING STRATEGY: SELL ON RISE
CS JEERA (NOVEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:10590 SUP2:10520 RESIST1:11110 RESIST2:11150 TRADING STRATEGY: BUY ON DIPS	CS CRUDE (OCTOBER) OVERVIEW: TREND BEARISH SUP1:4950 SUP2:4875 RESIST1:5100 RESIST2:5240 TRADING STRATEGY: SELL ON RISE
CS TURMERIC (NOVEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:6100 SUP2:6040 RESIST1:6320 RESIST2:6500 TRADING STRATEGY: BUY ON DIPS	CS GOLD (DECEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:27200 SUP2:26840 RESIST1:27620 RESIST2:27810 TRADING STRATEGY: BUY ON DIPS
CS SOYABEAN (NOVEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:2925 SUP2:2800 RESIST1:3004 RESIST2:3045 TRADING STRATEGY: SELL ON RISE	CS SILVER (DECEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:38300 SUP2:38050 RESIST1:39200 RESIST2:39630 TRADING STRATEGY: SELL ON RISE

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