DAILY COMMODITY MARKET STRATEGY-16 May 2014

BASE METAL WRAP: Copper futures fell for the first time in four sessions as slackening factory output raised concern that demand will ebb in China, the world’s top consumer.

ENERGY WRAP: Brent headed for its first weekly gain this month amid speculation that escalating tension in Ukraine may disrupt supplies from Russia, the world’s biggest energy exporter. West Texas Intermediate rose in New York.

PRECIOUS METAL WRAP: Gold futures fell the most in a week as declining U.S. jobless claims signaled a rebounding economy, reducing demand for the metal as a haven.

GLOBAL EVENTS TO WATCH: Fed Chair Yellen Speaks, Fed Chair Yellen Speaks, Housing Starts, Prelim UoM Consumer Sentiment, Prelim UoM Inflation Expectations.

AGRI COMMODITY	BULLION COMMODITY
CS CHANA (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:2995 SUP2:2950 RESIST1:3115 RESIST2:3200 TRADING STRATEGY: SELL ON RISE	CS COPPER (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1: 407 SUP2:404 RESIST1:420 RESIST2:424 TRADING STRATEGY: SELL ON RISE
CS JEERA (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:10760 SUP2:10500 RESIST1:11465 RESIST2:11670 TRADING STRATEGY: SELL ON RISE	CS CRUDE (MAY) OVERVIEW: TREND CONSOLIDATE SUP1:5930 SUP2:5825 RESIST1:6140 RESIST2:6205 TRADING STRATEGY: SELL ON RISE
CS TURMERIC (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:6560 SUP2:6470 RESIST1:6890 RESIST2:6970 TRADING STRATEGY: BUY ON DIPS	CS GOLD (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:27800 SUP2:27340 RESIST1:28400 RESIST2:28800 TRADING STRATEGY: SELL ON RISE
CS SOYABEAN (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:4540 SUP2:4340 RESIST1:4650 RESIST2:4730 TRADING STRATEGY: SELL ON RISE	CS SILVER (JULY) OVERVIEW: TREND CONSOLIDATE SUP1:40500 SUP2:39900 RESIST1:43000 RESIST2:43840 TRADING STRATEGY: SELL ON RISE