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Daily Newsletter-Commodity

30/12/2013

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MARKET WRAP
Gold futures posted the longest rally in four months This year, gold has dropped 28 percent Silver futures for March delivery climbed 0.7 percent Crude rose above $100 a barrel for the first time in two months Aluminum rose the most since July Gold futures posted the longest rally in four months and silver climbed to a oneweek high as the dollar’s slump boosted demand for precious metals as alternative investments. This year, gold has dropped 28 percent, heading for the biggest drop since 1981 and the first slump since 2000. Some investors lost faith in the metal amid a U.S. equity rally to a record. Silver futures for March delivery climbed 0.7 percent to $20.049 an ounce on the Comex. Earlier, the price reached $20.105, the highest since Dec. 18. West Texas Intermediate crude rose above $100 a barrel for the first time in two months after a government report showed U.S. supplies fell to the lowest level since September. Aluminum rose the most since July, pacing gains in industrial metals, as the dollar weakened.

ECONOMIC CALENDAR
Date Mon Dec 30 Time 2:40pm Tentative 8:30pm Currency EUR EUR USD Economic Data Retail PMI Italian 10-y Bond Auction Pending Home Sales m/m 1.1% Forecast Previous 48.0 4.01|1.5 -0.6%

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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 - 46700 • R1 - 45850 • S1 - 43850 • S2 - 42280

COPPER(FEB)
Trend Strategy
Resistance support
• Consolidate • Buy on dips
• R2 - 483 • R1 - 475 • S1 - 462 • S2 - 455

CRUDE(JAN)
Trend Strategy
Resistance
• Consolidate • Buy on dips • R2 - 6390 • R1 - 6320 • S1 - 6190 • S2 - 6090

support

NATURALGAS(JAN)
Trend Strategy
Resistance support
• Consolidate • Buy on dips •R2 - 289 •R1 - 281 •S1 - 267 •S2 - 259

LEAD(DEC)
Trend
• Consolidate • Buy on dips • R2 - 145.7 • R1 - 142.3 • S1 - 138.5 •S2 - 135.8

Strategy
Resistance support

ZINC(DEC)
Trend Strategy
Resistance support
• Consolidate • Buy on dips •R2 - 135.5 •R1 - 132.8 •S1 - 129.1 •S2 - 126.5

NICKEL(DEC)
Trend Strategy
Resistance
support • Consolidate • Buy on dips •R2 - 945 •R1 - 913 •S1 - 858 •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 - 105.8

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