DAILY COMMODITY MARKET STRATEGY-19 May 2014

BASE METAL WRAP: London copper edged up after signs of a pick-up in the U.S. housing industry and as China pledged to quicken the pace of financial reform, lending support to demand growth for commodities.

ENERGY WRAP: Brent extended its first weekly gain this month amid speculation escalating violence in Libya will further disrupt supplies from the holder of Africa’s biggest oil reserves. West Texas Intermediate was steady in New York. Faster-than-expected gains in U.S. natural-gas inventories are easing concern that a shortage is looming next winter, spurring speculators to cut bullish bets.

PRECIOUS METAL WRAP: Gold held below $1,300 an ounce as investors assessed the health of the U.S. economy and the impact on monetary stimulus against tension in Ukraine and Hedge funds cut bullish bets on gold futures by the most in a month as holdings of physical bullion in exchange-traded funds dropped to the lowest since 2009.

GLOBAL EVENTS TO WATCH: German Buba President Weidmann Speaks.

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: BUY ON DIPS	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 RESIST1:41350 RESIST2:43000 TRADING STRATEGY: SELL ON RISE