DAILY COMMODITY MARKET STRATEGY-28 May 2014

BASE METAL WRAP: Copper traded nears an 11-week high after signs of improving demand in the U.S. and China, the biggest consumers of metals.

ENERGY WRAP: Brent crude rose for the first time in three days amid speculation that escalating violence in Ukraine may disrupt supplies to Europe from Russia, the world’s largest energy exporter. West Texas Intermediate was steady.

PRECIOUS METAL WRAP: Gold fell to the lowest level in more than 15 weeks as U.S. economic data that beat estimates backed the case for the Federal Reserve to keep on reducing monetary stimulus, while demand in China showed signs of waning.

GLOBAL EVENTS TO WATCH: BOE Gov Carney Speaks, BOJ Gov Kuroda Speaks, ANZ Business Confidence.

AGRI COMMODITY	BULLION COMMODITY
CS CHANA (JUNE) OVERVIEW: TREND BEARISH SUP1:2700 SUP2:2600 RESIST1:2855 RESIST2:2905 TRADING STRATEGY: SELL ON RISE	CS COPPER (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1: 410 SUP2:404 RESIST1:420 RESIST2:423 TRADING STRATEGY: BUY ON DIPS
CS JEERA (JUNE) OVERVIEW: TREND BEARISH SUP1:10900 SUP2:10760 RESIST1:11465 RESIST2:11670 TRADING STRATEGY: SELL ON RISE	CS CRUDE (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:6075 SUP2:5955 RESIST1:6220 RESIST2:6340 TRADING STRATEGY: BUY ON DIPS
CS TURMERIC (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:5880 SUP2:5690 RESIST1:6070 RESIST2:6220 TRADING STRATEGY: SELL ON RISE	CS GOLD (JUNE) OVERVIEW: TREND BEARISH SUP1:26240 SUP2:25700 RESIST1:27160 RESIST2:27530 TRADING STRATEGY: SELL ON RISE
CS SOYABEAN (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:4450 SUP2:4320 RESIST1:4640 RESIST2:4755 TRADING STRATEGY: BUY ON DIPS	CS SILVER (JULY) OVERVIEW: TREND CONSOLIDATE SUP1:39900 SUP2:39400 RESIST1:41750 RESIST2:43000 TRADING STRATEGY: SELL ON RISE