Daily Newsletter-Commodity

02/12/2013

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MARKET WRAP
Gold declined for the first time in three days Silver fell as much as 0.7 percent Crude advanced for a second day Aluminum, tin, nickel, zinc and lead also advanced in London Gold declined for the first time in three days, extending the worst monthly performance since June, on speculation that the Federal Reserve will begin reducing monetary stimulus as the U.S. economy strengthens. Spot silver fell as much as 0.7 percent to $19.8615 an ounce, snapping two days of gains. The worst-performing precious metal this year dropped 8.8 percent in November, also the largest decrease since June.

ECONOMIC CALENDAR
Date Mon Dec 2 Time 1:45pm 2:15pm 2:30pm 7:00pm 7:30pm Sep Data 8:30pm Currency EUR EUR EUR USD USD USD USD USD USD Economic Data Spanish Manufacturing PMI Italian Manufacturing PMI Final Manufacturing PMI Fed Chairman Bernanke Speaks Final Manufacturing PMI Construction Spending m/m ISM Manufacturing PMI Construction Spending m/m ISM Manufacturing Prices 54.3 0.5% 55.2 0.4% 55.0 55.5 54.3 0.6% 56.4 Forecast 51.3 51.4 51.5 Previous 50.9 50.7 51.5

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TECHNICAL VIEW
GOLD(DEC)
Trend Strategy
Resistance support
• Consolidate • Buy on dips • R2 - 30880 • R1 - 30450 • S1 - 29860 • S2 - 29530

SILVER(DEC)
Trend Strategy
Resistance support • Consolidate • Sell on high • R2 - 46700 • R1 - 45550 • S1 - 43150 • S2 - 42280

COPPER(FEB)
Trend Strategy
Resistance support
• Consolidate • Sell on high
• R2 - 463 • R1 - 456 • S1 - 442 • S2 - 434

CRUDE(DEC)
Trend Strategy
Resistance
• Consolidate • Buy on dips • R2 - 5970 • R1 - 5880 • S1 - 5755 • S2 - 5675

support

NATURALGAS(DEC)
Trend Strategy
Resistance support
• Consolidate • Buy on dips •R2 - 259 •R1 - 251 •S1 - 239 •S2 - 231

LEAD(DEC)
Trend
• Consolidate • Sell on high • R2 - 133.7 • R1 - 130.8 • S1 - 126.5 •S2 - 123.8

Strategy
Resistance support

ZINC(DEC)
Trend Strategy
Resistance support
• Consolidate • Sell on high •R2 - 120.5 •R1 - 117.8 •S1 - 114.1 •S2 - 111.5

NICKEL(DEC)
Trend Strategy
Resistance
support • Consolidate • Sell on high •R2 - 883 •R1 - 865 •S1 - 818 •S2 - 793

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ALUMINIUM(DEC)
Trend Strategy
Resistance support • Consolidate • Sell on high •R2 - 111.5 •R1 - 109.8 •S1 - 105.3 •S2 - 103.3

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