DAILY COMMODITY MARKET STRATEGY-8 Oct 2014

BASE METAL WRAP: Nickel fell for the first time in four days, leading most industrial metals lower, after a gauge of economic strength in China pointed to a slowdown and the International Monetary Fund cut its global growth forecast.

ENERGY WRAP: West Texas Intermediate extended declines from the lowest price in more than 17 months before a report that may show crude stockpiles rose in the U.S., the world’s biggest oil consumer. Brent dropped in London.

PRECIOUS METAL WRAP: Gold rose as the drop to this year’s low lured Chinese buyers returning from a weeklong break, while investors awaited minutes of the Federal Reserve’s last meeting. Platinum extended a rally from a five-year low.

GLOBAL EVENTS TO WATCH: FOMC Member Dudley Speaks, Consumer Credit m/m, HSBC Services PMI, Crude Oil Inventories, 10-y Bond Auction, FOMC Meeting Minutes.

AGRI COMMODITY	BULLION COMMODITY
CS CHANA (NOVEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:2830 SUP2:2780 RESIST1:2909 RESIST2:2950 TRADING STRATEGY: SELL ON RISE	CS COPPER (NOVEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:412 SUP2:407 RESIST1:418 RESIST2:422 TRADING STRATEGY: SELL ON RISE
CS JEERA (NOVEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:10675 SUP2:10520 RESIST1:11040 RESIST2:11110 TRADING STRATEGY: SELL ON RISE	CS CRUDE (OCTOBER) OVERVIEW: TREND BEARISH SUP1:5400 SUP2:5290 RESIST1:5575 RESIST2:5677 TRADING STRATEGY: SELL ON RISE
CS TURMERIC (NOVEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:5850 SUP2:5740 RESIST1:6090 RESIST2:6170 TRADING STRATEGY: SELL ON RISE	CS GOLD (DECEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:26650 SUP2:26450 RESIST1:27200 RESIST2:27360 TRADING STRATEGY: SELL ON RISE
CS SOYABEAN (NOVEMBER) OVERVIEW: TREND CONSOLIDATE SUP1:2915 SUP2:2880 RESIST1:3045 RESIST2:3080 TRADING STRATEGY: SELL ON RISE	CS SILVER (DECEMBER) OVERVIEW: TREND BEARISH SUP1:38050 SUP2:37400 RESIST1:39200 RESIST2:39630 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..