DAILY COMMODITY MARKET STRATEGY-2 MAY

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BASE METAL WRAP: Copper prices fell to a two-week low on Thursday, following the release of disappointing data on China’s manufacturing sector and after Federal Reserve decided to taper its monthly bond-buying program by $10 billion for the fourth consecutive meeting.

ENERGY WRAP: Crude futures fell on Thursday after a Chinese factory barometer missed market forecasts, though positive spending and factory data out of the U.S. cushioned losses.

PRECIOUS METAL WRAP: Gold headed for a weekly loss after the Federal Reserve pressed on with cuts to stimulus amid signs of a recovery in the U.S. and holdings in the largest bullion-backed exchange traded fund contracted to a five-year low.
AGRI COMMODITY
BULLION COMMODITY
CS CHANA (MAY) OVERVIEW:
TREND BEARISH
SUP1:3040
SUP2:2960
RESIST1:3142
RESIST2:3182
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927 +919977499927
CS COPPER (JUNE) OVERVIEW:
TREND BEARISH
SUP1: 405
SUP2:401
RESIST1:410
RESIST2:416
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927
CS JEERA (MAY) OVERVIEW:
TREND CONSOLIDATE
SUP1:10300
SUP2:10200
RESIST1:10840
RESIST2:11280
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS CRUDE (MAY) OVERVIEW:
TREND BEARISH
SUP1:5930
SUP2:5825
RESIST1:6040
RESIST2:6120
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927
CS TURMERIC (MAY) OVERVIEW:
TREND CONSOLIDATE
SUP1:6600
SUP2:6470
RESIST1:6852
RESIST2:7122
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927
CS GOLD (JUNE) OVERVIEW:
TREND CONSOLIDATE
SUP1:28500
SUP2:28260
RESIST1:28980
RESIST2:29150
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927
CS SOYABEAN (MAY) OVERVIEW:
TREND BULLISH
SUP1:4650
SUP2:4535
RESIST1:4855
RESIST2:5080
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS SILVER (JULY) OVERVIEW:
TREND CONSOLIDATE
SUP1:41300
SUP2:39950
RESIST1:42500
RESIST2:43000
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927

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