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Daily Newsletter Newsletter-Commodity 18/01/2011

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MARKET WRAP Gold steadies as dollar restricts gains Copper barely firmed on Monday Oil down as dollar rises Dollar stronger, euro weakens

Oil slipped on Monday while the dollar strengthened and equities faltered as OPEC said the market was well supplied and inventories should climb in the first half of the year. Gold held at around $1,360 an ounce on Monday, stabilizing after posting a second successive weekly fall last week, as a stronger dollar tempered some of the gains made from consumer demand for bullion. Copper barely firmed on Monday, supported by equity markets in Europe but constrained by a stronger dollar and concerns that top metals consumer China will step up its fight against inflation and crimp demand.

ECONOMIC CALENDAR Date

Time

Currency

Economic Data

Tue Jan 18

All Day

EUR

ECOFIN Meetings

5:00am

EUR

5:00am

EUR

German ZEW Economic Sentiment ZEW Economic Sentiment

8:30am

USD

9:00am

Forecast Previous

6.5

4.3

17.3

15.5

12.6

10.6

USD

Empire State Manufacturing Index TIC Long-Term Purchases

43.4B

27.6B

10:00am

USD

NAHB Housing Market Index

17

16

Tentative

USD

Treasury Currency Report

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info@capitalheight.com Phone- (0731)4295950

TECHNICAL VIEW GOLD(FEB) Trend Strategy

• Consolidate • Sell on high

SILVER(MAR MAR) Trend Strategy

• Consolidate • Sell on high

Resistance

• R2 -20550 • R1 -20380

Resistance

• R2 - 44900 • R1 - 44150

support

• S1 -20150 • S2 -20030

support

• S1 - 43250 • S2 - 42450

COPPER(FEB) Trend Strategy

• Consolidate • Buy on dips

CRUDE(FEB)) Trend Strategy

• Consolidate • Buy on dips

Resistance

• R2 - 459 • R1 - 451

Resistance

• R2 - 4330 • R1 - 4270

support

• S1 - 439 • S2 - 431

support

• S1 - 4180 • S2 - 4110

NATURALGAS(JAN) Trend Strategy

• Consolidate • Sell on high

LEAD(JAN) Trend Strategy

• Consolidate • Buy on dips

Resistance

•R2 - 217 •R1 - 209

Resistance

• R2 - 126.5 • R1 - 123.5

support

•S1 - 201 •S2 - 193

support

• S1 - 120.9 •S2 - 117.5

ZINC(JAN) Trend Strategy

• Consolidate • Buy on dips

NICKEL(JAN) NICKEL(JAN Trend Strategy

• Consolidate • Buy on dips

Resistance

•R2 - 114.5 •R1 - 112.4

Resistance

•R2 - 1235 •R1 - 1198

support

•S1 - 109.3 •S2 - 107.5

support

•S1 - 1167 •S2 - 1139

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info@capitalheight.com Phone- (0731)4295950

ALUMINIUM(JAN) Trend Strategy

• Consolidate • Buy on dips

Resistance

•R2 - 116.5 •R1 - 113.3

support

•S1 - 111.3 •S2 - 109.7

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