DAILY COMMODITY MARKET STRATEGY-29 May 2014

BASE METAL WRAP: Copper climbed to 11-week high in London amid speculation that rising global equity markets indicate a favorable outlook for economic growth. Aluminum touched a one-month high.

ENERGY WRAP: West Texas Intermediate rose for the first time in three days after the American Petroleum Institute reported that crude inventories shrank at the delivery point for New York contracts. Brent was steady in London.

PRECIOUS METAL WRAP: Gold fell to the lowest level in 16 weeks as investors assessed whether tension between Russia and Ukraine is easing and after the euro weakened, reducing the appeal of the metal.

GLOBAL EVENTS TO WATCH: Private Capital Expenditure q/q, Prelim GDP q/q, Unemployment Claims, Prelim GDP Price Index q/q, Pending Home Sales m/m, Natural Gas Storage, Crude Oil Inventories.

AGRI COMMODITY	BULLION COMMODITY
CS CHANA (JUNE) OVERVIEW: TREND BEARISH SUP1:2740 SUP2:2700 RESIST1:2860 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 CONSOLIDATE SUP1:10900 SUP2:10760 RESIST1:11465 RESIST2:11670 TRADING STRATEGY: SELL ON RISE	CS CRUDE (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:6020 SUP2:5930 RESIST1:6110 RESIST2:6200 TRADING STRATEGY: BUY ON DIPS
CS TURMERIC (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:5880 SUP2:5690 RESIST1:6250 RESIST2:6380 TRADING STRATEGY: SELL ON RISE	CS GOLD (JUNE) OVERVIEW: TREND BEARISH SUP1:26240 SUP2:25700 RESIST1:27100 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 BEARISH SUP1:39900 SUP2:39400 RESIST1:40600 RESIST2:41500 TRADING STRATEGY: SELL ON RISE