DAILY COMMODITY MARKET STRATEGY 7th MAY 2014

BASE METAL WRAP: Nickel climbed for a second day to trade near a 15-month high on concern that global supplies will be disrupted as tensions between Russia and Ukraine were escalating and Indonesia stopped ore exports.

ENERGY WRAP: West Texas Intermediate advanced for a second day after an industry report showed crude stockpiles declined in the U.S., the world’s biggest oil consumer. Brent gained in London.

PRECIOUS METAL WRAP: Gold rose toward a three-week high as investors weighed tension in Ukraine against signs of an improving U.S. economy. Palladium was near the highest level since August 2011.

GLOBAL EVENTS TO WATCH: Employment Change q/q, Unemployment Rate, Retail Sales m/m, Building Permits m/m, Prelim Nonfarm Productivity q/q, Prelim Unit Labor Costs q/q, Fed Chair Yellen Testifies, Crude Oil Inventories, 10-y Bond Auction.


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AGRI COMMODITY	BULLIONS 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: 407 SUP2:405 RESIST1:414 RESIST2:418 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 RESIST1:6070 RESIST2:6140 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927
CS TURMERIC (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:6600 SUP2:6470 RESIST1:6780 RESIST2:6900 TRADING STRATEGY: SELL ON RISE CAPITALSTARS.COM +919200099927	CS GOLD (JUNE) OVERVIEW: TREND CONSOLIDATE SUP1:28400 SUP2:28200 RESIST1:29060 RESIST2:29300 TRADING STRATEGY: BUY ON DIPS 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 SUP1:42000 SUP2:41300 RESIST1:43000 RESIST2:43840 TRADING STRATEGY: BUY ON DIPS CAPITALSTARS.COM +919200099927