DAILY COMMODITY MARKET STRATEGY-13 May 2014

BASE METAL WRAP: Nickel climbed for a sixth day to trade near a 27-month high as Vale SA said operations remain halted at a plant in New Caledonia, further crimping supply that’s been hit by Indonesia’s ban on ore exports.

ENERGY WRAP: West Texas Intermediate traded near a three-day high amid speculation that crude stockpiles declined a second week in the U.S., the world’s biggest oil consumer. Brent was steady in London.

PRECIOUS METAL WRAP: Gold held above the lowest level in more than a week as investors weighed the dollar’s strength against escalating tension in Ukraine.

GLOBAL EVENTS TO WATCH: Industrial Production y/y, German ZEW Economic Sentiment, Annual Budget Release, NFIB Small Business Index, Core Retail Sales m/m, Retail Sales m/m, Import Prices m/m, Business Inventories m/m.

AGRI COMMODITY	BULLION COMMODITY
CS CHANA (JUNE) OVERVIEW: TREND BEARISH SUP1:2995 SUP2:2950 RESIST1:3115 RESIST2:3200 TRADING STRATEGY: SELL ON RISE	CS COPPER (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1: 414 SUP2:407 RESIST1:420 RESIST2:424 TRADING STRATEGY: BUY ON DIPS
CS JEERA (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:10760 SUP2:10500 RESIST1:11465 RESIST2:11670 TRADING STRATEGY: BUY ON DIPS	CS CRUDE (MAY) OVERVIEW: TREND CONSOLIDATE SUP1:5930 SUP2:5825 RESIST1:6140 RESIST2:6205 TRADING STRATEGY: BUY ON DIPS
CS TURMERIC (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:6470 SUP2:6200 RESIST1:6890 RESIST2:6970 TRADING STRATEGY: SELL ON RISE	CS GOLD (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:28200 SUP2:28000 RESIST1:28800 RESIST2:29100 TRADING STRATEGY: SELL ON RISE
CS SOYABEAN (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:4640 SUP2:4505 RESIST1:4820 RESIST2:4870 TRADING STRATEGY: BUY ON DIPS	CS SILVER (JULY) OVERVIEW: TREND CONSOLIDATE SUP1:40500 SUP2:39900 RESIST1:42380 RESIST2:43000 TRADING STRATEGY: SELL ON RISE