DAILY COMMODITY MARKET STRATEGY-05 MAR 2014

BASE METAL WRAP: Nickel snapped a four-day advance in London, declining from the highest level in almost nine months, while China retained its economic growth target.

ENERGY WRAP: West Texas Intermediate crude tumbled the most in two months as Brent dropped amid speculation that tension between Ukraine and Russia, the world’s biggest energy exporter, won’t disrupt oil supplies.

PRECIOUS METAL WRAP: Gold futures fell from a 17-week high as demand for a haven eased after Russian President Vladimir Putin said that there’s no immediate need to send troops to Ukraine. Palladium jumped.

GLOBAL EVENTS TO WATCH: GDP q/q, Services PMI, ADP Non-Farm Employment Change, Final Services PMI, BOC Rate Statement, Overnight Rate, ISM Non-Manufacturing PMI, Crude Oil Inventories.

Agri COMMODITY	COMMODITY
CS CHANA (APRIL) OVERVIEW: TREND BULLISH SUP1:3115 SUP2:3100 RESIST1:3240 RESIST2:3280 TRADING STRATEGY:BUY ON DIPS CAPITALSTARS.COM +919200099927 +919977499927	CS COPPER (APRIL) OVERVIEW: TREND CONSOLIDATE SUP1:440 SUP2:436 RESIST1:445 RESIST2:448 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927
CS JEERA (MARCH) OVERVIEW: TREND BEARISH SUP1:11200 SUP2:10900 RESIST1:11900 RESIST2:12170 TRADING STRATEGY: SELL ON RISE CAPITALSTAR0S.COM +919200099927	CS CRUDE (FEB.) OVERVIEW: TREND CONSOLIDATE SUP1:6380 SUP2:6275 RESIST1:6550 RESIST2:6582 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927
CS TURMERIC (APRIL) OVERVIEW: TREND BULLISH SUP1:7040 SUP2:6820 RESIST1:7300 RESIST2:7470 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927	CS GOLD (APRIL) OVERVIEW: TREND CONSOLIDATE SUP1:30000 SUP2:29880 RESIST1:30680 RESIST2:30950 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927
CS SOYABEAN (MARCH) OVERVIEW: TREND BULLISH SUP1:4150 SUP2:4110 RESIST1:4320 RESIST2:4475 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927	CS SILVER (MAY) OVERVIEW: TREND CONSOLIDATE SUP1:46700 SUP2:46200 RESIST1:48350 RESIST2:49200 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927