Daily Newsletter-Commodity

20/09/2012

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MARKET WRAP
Gold flat near 6-1/2-month high Silver was down 0.5 percent at $34.62 an ounce Copper edged up on Wednesday, U.S. crude slide almost 4% Gold traded flat on Wednesday, hovering near a 6-1/2 month high hit in early trade, buoyed by monetary stimulus from central banks around the world despite pressure from tumbling crude oil prices.

ECONOMIC CALENDAR
Date Thu Sep 20 Time 11:30am 12:30pm 12:30pm 1:00pm 1:00pm 1:30pm 1:30pm Tentative 6:00pm 6:30pm 7:30pm 7:30pm 7:30pm 8:00pm Currency EUR EUR EUR EUR EUR EUR EUR EUR USD USD EUR USD USD USD Economic Data German PPI m/m French Flash Manufacturing PMI French Flash Services PMI German Flash Manufacturing PMI German Flash Services PMI Flash Manufacturing PMI Flash Services PMI Spanish 10-y Bond Auction Unemployment Claims Flash Manufacturing PMI Consumer Confidence Philly Fed Manufacturing Index CB Leading Index m/m Natural Gas Storage 374K 51.6 -24 -4.1 -0.1% 67B Forecast Previous 0.4% 46.5 49.5 45.4 48.5 45.6 47.6 0.0% 46.0 49.2 44.7 48.3 45.1 47.2 6.65|2.4 382K 51.5 -25 -7.1 0.4% 27B

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TECHNICAL VIEW
GOLD(OCT)
Trend Strategy
Resistance support
• Bullish • Buy on dips • R2 - 32630 • R1 - 32250 • S1 - 31680 • S2 - 31350

SILVER(DEC)
Trend Strategy
Resistance support • Bullish • Buy on dips • R2 - 66800 • R1 - 65150 • S1 - 63370 • S2 - 62250

COPPER(NOV)
Trend Strategy
Resistance support
• Consolidate • Buy on dips • R2 - 473 • R1 - 464 • S1 - 449 • S2 - 441

CRUDE(SEP)
Trend Strategy
Resistance support
• Consolidate • Sell on high • R2 - 5170 • R1 - 5085 • S1 - 4940 • S2 - 4850

NATURALGAS(SEP)
Trend Strategy
Resistance support
• Consolidate • Buy on dips •R2 - 167 •R1 - 158 •S1 -148 •S2 -141

LEAD(SEP)
Trend Strategy
Resistance support • Consolidate • Buy on dips • R2 - 127.5 • R1 - 124.3 • S1 - 120.3 •S2 - 118.5

ZINC(SEP)
Trend Strategy
Resistance support
• Consolidate • Buy on dips •R2 - 118.5 •R1 - 115.8 •S1 - 111.5 •S2 - 108.8

NICKEL(SEP)
Trend Strategy
Resistance support • Consolidate • Buy on dips •R2 - 1020 •R1 - 995 •S1 - 935 •S2 - 908

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ALUMINIUM(SEP)
Trend Strategy
Resistance support • Consolidate • Buy on dips •R2 - 120.5 •R1 - 116.6 •S1 - 113.8 •S2 - 110.5

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