COMMODITY MARKET TREND - 10 JANUARY 2014

BASE METAL WRAP: Copper futures fell the most in eight weeks amid signs of a slowing economy in China and speculation that the Federal Reserve will curb U.S. monetary stimulus, damping prospects for metal demand.

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ENERGY WRAP: Natural gas futures in New York tumbled the most in eight months as meteorologists predicted a period of warmer weather after this week’s arctic chill. West Texas Intermediate crude fell to an eight-month low on surging output, ample supply and reduced fuel use in the U.S., the world’s biggest oil-consuming country.

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PRECIOUS METAL WRAP: Gold climbed before U.S. jobs data as investors weighed the outlook for physical demand against speculation that the Federal Reserve may make further cuts to stimulus. Silver pared the biggest weekly loss since November.

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GLOBAL EVENTS TO WATCH: Trade Balance, CPI m/m, Manufacturing Production m/m, Employment Change, Unemployment Rate, Non-Farm Employment Change, Unemployment Rate, Average Hourly Earnings m/m, NIESR GDP Estimate, IBD/TIPP Economic Optimism, Wholesale Inventories m/m.

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Agri Commodity Market Update --------------------------- CS CHANA (FEB.) OVERVIEW: TREND CONSOLIDATE SUP1:3015 SUP2:2950 RESIST1:3094    RESIST2:3134 TRADING STRATEGY: SELL ON RISE  Free Trials CS JEERA (MARCH) OVERVIEW: TREND CONSOLIDATE SUP1:12370 SUP2:12270 RESIST1:12950 RESIST2:13540 TRADING STRATEGY: SELL ON RISE  Free Trials CS TURMERIC (APRIL) OVERVIEW: TREND CONSOLIDATE SUP1:6510 SUP2:6370 RESIST1:6940 RESIST2:7250 TRADING STRATEGY: SELL ON RISE  Free Trials CS SOYABEAN (FEB.) OVERVIEW: TREND BEARISH SUP1:3600 SUP2:3530 RESIST1:3710 RESIST2:3752 TRADING STRATEGY: SELL ON RISE  Free Trials

Bullion Commodity Market Update. ---------------------------- CS COPPER (FEB.) OVERVIEW: TREND BEARISH SUP1:451 SUP2:443 RESIST1:457 RESIST2:462 TRADING STRATEGY: SELL ON RISE  Free Trials CS CRUDE (JAN.) OVERVIEW: TREND BEARISH SUP1:5650 SUP2:5570 RESIST1:5785 RESIST2:5874 TRADING STRATEGY: SELL ON RISE  Free Trials CS GOLD (FEB.) OVERVIEW: TREND CONSOLIDATE SUP1:28670 SUP2:28490 RESIST1:29060 RESIST2:29280 TRADING STRATEGY: SELL ON RISE  Free Trials CS SILVER (MARCH) OVERVIEW: TREND CONSOLIDATE SUP1:43560 SUP2:42430   RESIST1:45740 RESIST2:46700 TRADING STRATEGY: SELL ON RISE Free Trials

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