DAILY COMMODITY MARKET STRATEGY-8 May 2014

BASE METAL WRAP: Copper prices edged lower on Wednesday, amid ongoing concerns over the health of China’s economy. Data released earlier showed that China’s HSBC Services Purchasing Managers Index ticked down to 51.4 in April from 51.9 in March, underlining concerns that an economic slowdown in the world’s second-largest economy is deepening.

ENERGY WRAP: West Texas Intermediate traded near the highest price in a week after crude inventories shrank for the first time since March in the U.S., the world’s biggest oil consumer. Brent was steady in London.

PRECIOUS METAL WRAP: Gold held below $1,300 an ounce after the biggest one-day drop in three weeks on speculation that the U.S. Federal Reserve will further reduce monetary stimulus as the economy recovers.

GLOBAL EVENTS TO WATCH: Employment Change, Unemployment Rate, Asset Purchase Facility, Official Bank Rate, MPC Rate Statement, Minimum Bid Rate, ECB Press Conference, Unemployment Claims, Fed Chair Yellen Testifies, FOMC Member Tarullo Speaks, Natural Gas Storage, 30-y Bond Auction.

AGRI COMMODITY	BULLION COMMODITY
CS CHANA (JUNE) OVERVIEW: TREND BEARISH SUP1:2995 SUP2:2950 RESIST1:3115 RESIST2:3200 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927 +919977499927	CS COPPER (JUNE) OVERVIEW: TREND BEARISH SUP1: 404 SUP2:399 RESIST1:414 RESIST2:423 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927
CS JEERA (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:10500 SUP2:10280 RESIST1:10950 RESIST2:11255 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927	CS CRUDE (MAY) OVERVIEW: TREND CONSOLIDATE SUP1:5930 SUP2:5825 RESIST1:6140 RESIST2:6205 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927
CS TURMERIC (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:6600 SUP2:6470 RESIST1:6780 RESIST2:6900 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927	CS GOLD (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:28200 SUP2:28000 RESIST1:28850 RESIST2:29100 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927
CS SOYABEAN (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:4640 SUP2:4505 RESIST1:4820 RESIST2:4870 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927	CS SILVER (JULY) OVERVIEW: TREND CONSOLIDATE SUP1:41500 SUP2:40500 RESIST1:43000 RESIST2:43840 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927