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Daily Newsletter Newsletter-Commodity 22/12/2010

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MARKET WRAP Copper hits records on supply concerns The euro was firm, but pared early gains Gold steadies in thin trade Oil prices rose for a third straight session Nickel hits multi week high

Gold prices steadied in Europe on Tuesday in holiday-thinned trade, but fresh strength in the euro and buoyant interest in the metal as a haven amid fears of further borrowing strains in the euro zone lent firm support. Oil prices rose for a third straight session on Tuesday, supported by cold weather. Copper set successive record highs on Tuesday as a force majeure in top producer Chile fanned supply concerns and attracted fresh fund buys .

ECONOMIC CALENDAR Date

Data

Currency

Economic Data

Forecast Previous

Wed 12:30pm Dec 22 2:30pm

EUR

German Import Prices m/m

0.5%

-0.2%

EUR

Italian Retail Sales m/m

0.2%

-0.2%

7:00pm

USD

Final GDP q/q

2.8%

2.5%

7:00pm

USD

Final GDP Price Index q/q

2.3%

2.3%

7:30pm

EUR

Belgium NBB Business Climate

1.2

0.8

8:30pm

USD

Existing Home Sales

4.72M

4.43M

8:30pm

USD

HPI m/m

-0.1%

-0.7%

9:00pm

USD

Crude Oil Inventories

-1.1M

-9.9M

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TECHNICAL VIEW GOLD(FEB) Trend Strategy

• Consolidate • Buy on dips

SILVER(MAR MAR) Trend Strategy

• Consolidate • Buy on dips

Resistance

• R2 -20890 • R1 -20630

Resistance

• R2 - 45750 • R1 - 45050

support

• S1 -20380 • S2 -20180

support

• S1 - 43850 • S2 - 42950

COPPER(FEB) Trend Strategy

• Bullish • Buy on dips

CRUDE(JAN)) Trend Strategy

• Consolidate • Buy on dips

Resistance

• R2 - 439 • R1 - 431

Resistance

• R2 - 4170 • R1 - 4110

support

• S1 - 422 • S2 - 414

support

• S1 - 4030 • S2 - 3950

NATURALGAS(DEC) Trend Strategy

• Consolidate • Sell on high

LEAD(DEC)) Trend Strategy

• Consolidate • Buy on dips

Resistance

•R2 - 201 •R1 - 193

Resistance

• R2 - 115.3 • R1 - 111.9

support

•S1 - 181 •S2 - 172

support

• S1 - 109.8 •S2 - 106.5

ZINC(DEC) Trend Strategy

• Consolidate • Sell on high

NICKEL(DEC) NICKEL(DEC Trend Strategy

• Consolidate • Buy on dips

Resistance

•R2 - 107.5 •R1 - 105.1

Resistance

•R2 - 1167 •R1 - 1135

support

•S1 - 102.8 •S2 - 98.5

support

•S1 - 1107 •S2 - 1074

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info@capitalheight.com Phone- (0731)4295950

ALUMINIUM(DEC) Trend Strategy

• Consolidate • Buy on dips

Resistance

•R2 - 110.8 •R1 - 108.5

support

•S1 - 106.2 •S2 - 103.7

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