DAILY COMMODITY MARKET STRATEGY 2nd MAY 2014

BASE METAL WRAP: Copper prices fell to a two-week low on Thursday, following the release of disappointing data on China’s manufacturing sector and after Federal Reserve decided to taper its monthly bond-buying program by $10 billion for the fourth consecutive meeting.

ENERGY WRAP: Crude futures fell on Thursday after a Chinese factory barometer missed market forecasts, though positive spending and factory data out of the U.S. cushioned losses.

PRECIOUS METAL WRAP: Gold headed for a weekly loss after the Federal Reserve pressed on with cuts to stimulus amid signs of a recovery in the U.S. and holdings in the largest bullion-backed exchange traded fund contracted to a five-year low.

GLOBAL EVENTS TO WATCH: PPI q/q, Construction PMI, Non-Farm Employment Change, Unemployment Rate, Average Hourly Earnings m/m, Factory Orders m/m.

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AGRI COMMODITY	BULLIONS COMMODITY
CS CHANA (MAY) OVERVIEW: TREND BEARISH SUP1:3040 SUP2:2960 RESIST1:3142 RESIST2:3182 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927 +919977499927	CS COPPER (JUNE) OVERVIEW: TREND BEARISH SUP1: 405 SUP2:401 RESIST1:410 RESIST2:416 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927
CS JEERA (MAY) OVERVIEW: TREND CONSOLIDATE SUP1:10300 SUP2:10200 RESIST1:10840 RESIST2:11280 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927	CS CRUDE (MAY) OVERVIEW: TREND BEARISH SUP1:5930 SUP2:5825 RESIST1:6040 RESIST2:6120 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927
CS TURMERIC (MAY) OVERVIEW: TREND CONSOLIDATE SUP1:6600 SUP2:6470 RESIST1:6852 RESIST2:7122 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927	CS GOLD (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:28500 SUP2:28260 RESIST1:28980 RESIST2:29150 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927
CS SOYABEAN (MAY) OVERVIEW: TREND BULLISH SUP1:4650 SUP2:4535 RESIST1:4855 RESIST2:5080 TRADING STRATEGY: BUY ON DIPS 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