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Daily Newsletter Newsletter-Commodity 12/10/2010

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MARKET WRAP Gold rises towards $1,350/oz Aluminium falls from new multi weak high Base metals up on monday Copper retreated from a more than two-year high Dollar turns higher v/s Euro

Gold rose back towards $1,350 an ounce in Europe on Monday as the dollar languished, with confidence in the U.S. currency undermined by expectations the Federal Reserve will persist with a loose monetary policy. Copper hit its highest level in more than two years on Monday, buoyed by expectations of more quantitative easing (QE) in the United States that could erode the dollar plus potential new investment demand.

ECONOMIC CALENDAR Date

Time

Currency

Economic Data

Forecast Previous

Tue 12:15am Oct 12 11:30am

USD

FOMC Member Yellen Speaks

EUR

German Final CPI m/m

-0.1%

-0.1%

11:30am

EUR

German WPI m/m

0.4%

1.6%

7:30pm

USD

IBD/TIPP Economic Optimism

46.7

45.3

9:15pm

USD

FOMC Member Hoenig Speaks

9:50pm

EUR

ECB President Trichet Speaks

11:30pm

USD

FOMC Meeting Minutes

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TECHNICAL VIEW GOLD(DEC) Trend Strategy

• Bullish • Buy on dips

SILVER(DEC DEC) Trend Strategy

• Bullish • Buy on dips

Resistance

• R2 -19970 • R1 -19720

Resistance

• R2 - 35800 • R1 - 35100

support

• S1 -19470 • S2 -19150

support

• S1 - 34350 • S2 - 33680

COPPER(NOV) Trend Strategy

• Bullish • Buy on dips

CRUDE(OCT)) Trend Strategy

• Consolidate • Buy on dips

Resistance

• R2 - 385 • R1 - 373

Resistance

• R2 - 3790 • R1 - 3710

support

• S1 - 364 • S2 - 357

support

• S1 - 3610 • S2 - 3530

NATURALGAS(OCT) Trend Strategy

• Consolidate • Sell on high

LEAD(OCT)) Trend Strategy

• Consolidate • Buy on dips

Resistance

•R2 - 175 •R1 - 166

Resistance

• R2 - 105.8 • R1 - 103.3

support

•S1 - 158 •S2 - 147

support

• S1 - 100.5 •S2 - 98.7

ZINC(OCT) Trend Strategy Resistance support

• Consolidate • Buy on dips •R2 - 106.5 •R1 - 104.2 •S1 - 100..57 •S2 - 98

NICKEL(OCT) NICKEL(OCT Trend Strategy

• Bullish • Buy on dips

Resistance

•R2 - 1133 •R1 - 1105

support

•S1 - 1073 •S2 - 1041

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ALUMINIUM(OCT) Trend Strategy

• Consolidate • Buy on dips

Resistance

•R2 - 109.5 •R1 - 107.2

support

•S1 - 105.3 •S2 - 103.5

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