DAILY COMMODITY MARKET STRATEGY-17 Oct 2014

BASE METAL WRAP: Nickel climbed for the first time in four days, paring a sixth weekly decline, as some investors deemed this week’s drop to a seven-month low as excessive amid signs of an improving U.S. economy.

ENERGY WRAP: West Texas Intermediate crude rallied for a second day after trading below $80 a barrel for the first time since June 2012. Brent advanced in London.

PRECIOUS METAL WRAP: Gold traded below a five-week high, headed for the first back-to-back weekly increase since July, amid speculation signs of a global slowdown led by Europe may delay the onset of higher U.S. borrowing costs. Palladium rose.

GLOBAL EVENTS TO WATCH: Core CPI m/m, Building Permits, Fed Chair Yellen Speaks, Housing Starts, Prelim UoM Consumer Sentiment, Prelim UoM Inflation Expectations.

AGRI COMMODITY	BULLION COMMODITY
CS CHANA (NOVEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:2870 SUP2:2840 RESIST1:2950 RESIST2:2970 TRADING STRATEGY: BUY ON DIPS	CS COPPER (NOVEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:405 SUP2:402 RESIST1:412 RESIST2:417 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 SUP1:5010 SUP2:4945 RESIST1:5240 RESIST2:5300 TRADING STRATEGY: SELL ON RISE
CS TURMERIC (NOVEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:6100 SUP2:6040 RESIST1:6320 RESIST2:6500 TRADING STRATEGY: SELL ON RISE	CS GOLD (DECEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:27150 SUP2:26840 RESIST1:27620 RESIST2:27810 TRADING STRATEGY: SELL ON RISE
CS SOYABEAN (NOVEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:2925 SUP2:2900 RESIST1:3115 RESIST2:3172 TRADING STRATEGY: BUY ON DIPS	CS SILVER (DECEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:38580 SUP2:38050 RESIST1:39200 RESIST2:39630 TRADING STRATEGY: SELL ON RISE

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