DAILY COMMODITY MARKET STRATEGY 6th MAY 2014

BASE METAL WRAP: Nickel gained as the conflict in Ukraine’s east intensified. The metal is headed as the risk of tougher sanctions against Russia buoys prices that have rallied since Indonesia banned exports of raw ore.

ENERGY WRAP: West Texas Intermediate slipped for a second day amid speculation crude inventories at a record high expanded further in the U.S., the world’s biggest oil consumer.

PRECIOUS METAL WRAP: Gold held near the highest price in three weeks as investors weighed escalating tension in Ukraine against signs of reduced demand from China, the top consumer.

GLOBAL EVENTS TO WATCH: Trade Balance, Cash Rate, RBA Rate Statement, Services PMI, Trade Balance, Trade Balance, Ivey PMI, IBD/TIPP Economic Optimism.

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AGRI COMMODITY	BULLIONS COMMODITY
CS CHANA (JUNE) OVERVIEW: TREND BEARISH SUP1:3040 SUP2:2950 RESIST1:3115 RESIST2:3200 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927 +919977499927	CS COPPER (JUNE) OVERVIEW: TREND BEARISH SUP1: 407 SUP2:405 RESIST1:414 RESIST2:418 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927
CS JEERA (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:10500 SUP2:10280 RESIST1:10950 RESIST2:11255 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927	CS CRUDE (MAY) OVERVIEW: TREND CONSOLIDATE SUP1:5930 SUP2:5825 RESIST1:6070 RESIST2:6140 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927
CS TURMERIC (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:6630 SUP2:6470 RESIST1:7000 RESIST2:7270 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927	CS GOLD (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:28400 SUP2:28200 RESIST1:29060 RESIST2:29300 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927
CS SOYABEAN (JUNE) OVERVIEW: TREND BULLISH SUP1:4640 SUP2:4505 RESIST1:4870 RESIST2:5080 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927	CS SILVER (JULY) OVERVIEW: TREND CONSOLIDATE SUP1:41300 SUP2:39950 RESIST1:43000 RESIST2:43840 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927