DAILY COMMODITY MARKET STRATEGY-5 MAY

BASE METAL WRAP: Copper futures in Shanghai advanced to near an eight-week high as tight supply pushed prices higher in the world’s biggest user of the metal.

ENERGY WRAP: Brent traded near a three-day high as concern that the crisis in Ukraine may disrupt Europe’s energy supplies countered increased signs of a slowing economy in China. West Texas Intermediate was steady in New York.

PRECIOUS METAL WRAP: Gold jumped to the highest level in almost three weeks, extending its biggest advance in a month, as escalating tension in Ukraine boosted haven demand.

GLOBAL EVENTS TO WATCH: Final Services PMI, ISM Non-Manufacturing PMI, Loan Officer Survey, Trade Balance.
AGRI COMMODITY
BULLION COMMODITY
CS CHANA (JUNE) OVERVIEW:
TREND CONSOLIDATE
SUP1:3040
SUP2:2960
RESIST1:3115
RESIST2:3200
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927 +919977499927
CS COPPER (JUNE) OVERVIEW:
TREND BEARISH
SUP1: 405
SUP2:401
RESIST1:414
RESIST2:418
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927
CS JEERA (JUNE) OVERVIEW:
TREND CONSOLIDATE
SUP1:10500
SUP2:10350
RESIST1:10755
RESIST2:10950
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS CRUDE (MAY) OVERVIEW:
TREND CONSOLIDATE
SUP1:5930
SUP2:5825
RESIST1:6080
RESIST2:6180
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927
CS TURMERIC (JUNE) OVERVIEW:
TREND CONSOLIDATE
SUP1:6630
SUP2:6470
RESIST1:7004
RESIST2:7270
TRADING STRATEGY: SELL ON RISE
CAPITALSTARS.COM +919200099927
CS GOLD (JUNE) OVERVIEW:
TREND CONSOLIDATE
SUP1:28400
SUP2:28200
RESIST1:29020
RESIST2:29300
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS SOYABEAN (JUNE) OVERVIEW:
TREND BULLISH
SUP1:4640
SUP2:4505
RESIST1:4870
RESIST2:5080
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927
CS SILVER (JULY) OVERVIEW:
TREND CONSOLIDATE
SUP1:41300
SUP2:39950
RESIST1:43000
RESIST2:43560
TRADING STRATEGY: BUY ON DIPS
CAPITALSTARS.COM +919200099927

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