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Daily Newsletter-Commodity

06/12/2013

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MARKET WRAP
Gold futures declined for the third time in four days U.S. expanded at 3.6 percent rate in the third quarter Silver futures for March delivery retreated 1.3 percent Crude oil headed for the biggest weekly gain in five months Gold futures declined for the third time in four days as U.S. economic data reinforced concern that the Federal Reserve will begin trimming stimulus measures, curbing demand for precious metals as a haven.

ECONOMIC CALENDAR
Date Fri Dec 6 Time 1:15pm Currency EUR EUR 4:30pm 7:00pm EUR USD USD USD USD USD USD 8:25pm USD USD Economic Data French Gov Budget Balance French Trade Balance German Factory Orders m/m Non-Farm Employment Change Unemployment Rate Average Hourly Earnings m/m Core PCE Price Index m/m Personal Spending m/m Personal Income m/m Prelim UoM Consumer Sentiment Prelim UoM Inflation Expectations -5.1B -0.4% 180K 7.2% 0.2% 0.1% 0.3% 0.3% 76.2 Forecast Previous -80.8B -5.8B 3.3% 204K 7.3% 0.1% 0.1% 0.2% 0.5% 75.1 2.9%

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TECHNICAL VIEW
GOLD(FEB)
Trend Strategy
Resistance support
• Consolidate • Buy on dips • R2 - 29950 • R1 - 29570 • S1 - 28960 • S2 - 28650

SILVER(MAR)
Trend Strategy
Resistance support • Consolidate • Sell on high • R2 - 46700 • R1 - 45850 • S1 - 43850 • S2 - 42580

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

CRUDE(DEC)
Trend Strategy
Resistance
• Consolidate • Buy on dips • R2 - 6190 • R1 - 6115 • S1 - 5985 • S2 - 5910

support

NATURALGAS(DEC)
Trend Strategy
Resistance support
• Consolidate • Buy on dips •R2 - 265 •R1 - 258 •S1 - 245 •S2 - 239

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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