DAILY COMMODITY MARKET STRATEGY-6 JUne 2014

BASE METAL WRAP: Copper traded near a three-week low and headed for a second weekly drop on concern that a probe into financing transactions at China’s Qingdao Port will curb demand for the metal to use as collateral.

ENERGY WRAP: West Texas Intermediate crude swung between gains and losses before data that may signal the strength of the economy in the U.S., the world’s biggest oil consumer. Brent was steady in London.

PRECIOUS METAL WRAP: Gold held near the highest level in four days, set to snap two weeks of losses, as investors awaited a U.S. labor report to assess the health of the world’s largest economy and the impact on monetary stimulus.

GLOBAL EVENTS TO WATCH: Employment Change, Unemployment Rate, Labor Productivity q/q, Non-Farm Employment Change, Unemployment Rate, Average Hourly Earnings m/m.

AGRI COMMODITY	BULLION COMMODITY
CS CHANA (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:2740 SUP2:2695 RESIST1:2880 RESIST2:2952 TRADING STRATEGY: SELL ON RISE	CS COPPER (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1: 400 SUP2:396 RESIST1:408 RESIST2:410 TRADING STRATEGY: SELL ON RISE
CS JEERA (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:10710 SUP2:10300 RESIST1:11260 RESIST2:11460 TRADING STRATEGY: SELL ON RISE	CS CRUDE (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:6000 SUP2:5950 RESIST1:6140 RESIST2:6200 TRADING STRATEGY: SELL ON RISE
CS TURMERIC (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:5880 SUP2:5780 RESIST1:6200 RESIST2:6320 TRADING STRATEGY: BUY ON DIPS	CS GOLD (AUG) OVERVIEW: TREND CONSOLIDATE SUP1:25600 SUP2:24960 RESIST1:26000 RESIST2:26300 TRADING STRATEGY: SELL ON RISE
CS SOYABEAN (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:4320 SUP2:4140 RESIST1:4505 RESIST2:4672 TRADING STRATEGY: SELL ON RISE	CS SILVER (JULY) OVERVIEW: TREND CONSOLIDATE SUP1:39300 SUP2:38500 RESIST1:40600 RESIST2:41500 TRADING STRATEGY: SELL ON RISE