DAILY BULLIONS COMMODITY MARKET STRATEGY 1st MAY 2014

BASE METAL WRAP: Copper reached a two-week low in London after manufacturing expanded less than projected in China, the world’s biggest consumer of the metal, casting doubt on the outlook for demand.

ENERGY WRAP: West Texas Intermediate fell to a four-week low after U.S. crude inventories extended a record high. Brent declined amid signs that economic growth slowed in the U.S. and China, the world’s two largest oil consumers.

PRECIOUS METAL WRAP: Gold and silver prices extended losses from the previous session on Thursday, following the Federal Reserve’s decision to taper its monthly bond-buying program by $10 billion for the fourth consecutive meeting.

GLOBAL EVENTS TO WATCH: BOC Gov Poloz Speaks, Manufacturing PMI, Manufacturing PMI, Challenger Job Cuts y/y, Fed Chair Yellen Speaks, Unemployment Claims, Core PCE Price Index m/m, Personal Spending m/m, Personal Income m/m, Final Manufacturing PMI, ISM Manufacturing PMI, Construction Spending m/m, ISM Manufacturing Prices, Natural Gas Storage, Total Vehicle Sales.

http://www.capitalstars.com/bullion.php

COMMODITY

CS COPPER (JUNE) OVERVIEW: TREND BEARISH SUP1: 405 SUP2:401 RESIST1:416 RESIST2:422 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927

CS CRUDE (MAY) OVERVIEW: TREND BEARISH SUP1:5930 SUP2:5825 RESIST1:6040 RESIST2:6095 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927

CS GOLD (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:28525 SUP2:28260 RESIST1:28880 RESIST2:29150 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927

CS SILVER (JULY) OVERVIEW: TREND CONSOLIDATE SUP1:41300 SUP2:39950 RESIST1:42500 RESIST2:43000 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927