Daily Newsletter-Commodity

23/12/2013

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MARKET WRAP
Silver for immediate delivery lost as much as 1.3 percent Nickel for delivery in three months climbed 1.3 percent Zinc headed for the highest close since Feb. 28 Crude climbed to a two-month high Gold is heading for the first annual decline since 2000 after investors lost their faith in precious metals as a store of value. Silver for immediate delivery lost as much as 1.3 percent to $19.0044 an ounce, the lowest price since Dec. 4, before trading 0.3 percent higher at $19.30. Copper rose in London, narrowing a weekly drop, as traders bought metal to close out bets on lower prices amid prospects for a stronger world economy. crude climbed to a two-month high after a report showed the U.S. economy expanded in the third quarter at a faster rate than previously estimated.

ECONOMIC CALENDAR
Date Mon Dec 23 Time 12:30pm 7:00pm Currency EUR USD USD USD 7:30pm 8:25pm EUR USD USD Economic Data German Import Prices m/m Core PCE Price Index m/m Personal Spending m/m Personal Income m/m Belgian NBB Business Climate Revised UoM Consumer Sentiment Revised UoM Inflation Expectations Forecast 0.4% 0.1% 0.5% 0.4% -3.9 82.9 Previous -0.7% 0.1% 0.3% -0.1% -4.3 82.5 3.0%

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TECHNICAL VIEW
GOLD(FEB)
Trend Strategy
Resistance support
• Consolidate • Buy on dips • R2 - 29150 • R1 - 28770 • S1 - 28050 • S2 - 27780

SILVER(MAR)
Trend Strategy
Resistance support • Consolidate • Sell on high • R2 - 45700 • R1 - 44850 • S1 - 43350 • S2 - 42280

COPPER(FEB)
Trend Strategy
Resistance support
• Consolidate • Buy on dips
• R2 - 473 • R1 - 465 • S1 - 451 • S2 - 443

CRUDE(JAN)
Trend Strategy
Resistance
• Consolidate • Buy on dips • R2 - 6370 • R1 - 6280 • S1 - 6130 • S2 - 6050

support

NATURALGAS(DEC)
Trend Strategy
Resistance support
• Consolidate • Buy on dips •R2 - 291 •R1 - 283 •S1 - 271 •S2 - 265

LEAD(DEC)
Trend
• Consolidate • Buy on dips • R2 - 140.7 • R1 - 137.8 • S1 - 133.5 •S2 - 130.8

Strategy
Resistance support

ZINC(DEC)
Trend Strategy
Resistance support
• Consolidate • Buy on dips •R2 - 130.5 •R1 - 127.8 •S1 - 124.1 •S2 - 121.5

NICKEL(DEC)
Trend Strategy
Resistance
support • Consolidate • Buy on dips •R2 - 945 •R1 - 913 •S1 - 868 •S2 - 835

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ALUMINIUM(DEC)
Trend Strategy
Resistance support • Consolidate • Buy on dips •R2 - 113.5 •R1 - 110.8 •S1 - 107.3 •S2 - 105.3

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