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Daily Newsletter Newsletter-Commodity

12/07/2010

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MARKET WRAP
Oil prices topped $76 per barrel on Friday Copper edged higher on Friday Gold up above $1,210/oz Euro move up V/S dollar Nickel consolidate near high

Gold briefly rose 1.5 percent to four-day highs above $1,210 an ounce on Friday, but selling around that level kept price gains capped. Oil prices topped $76 per barrel on Friday on demand optimism, posting the biggest weekly increase since late May after a choppy low volume trading session. Copper rallied to its highest in nearly two weeks on Friday, feeding off the improved economic sentiment in global equity markets and rising ahead of key Chinese trade data.

ECONOMIC CALENDAR
Date Mon Jul 12 Time 5:20am 7:00am 2:00pm 2:00pm 2:00pm 7:30pm 8:00pm Currency JPY AUD GBP GBP GBP USD CAD Economic Data CGPI y/y Home Loans m/m Final GDP q/q Current Account Index of Services 3m/3m Fed Chairman Bernanke Speaks BOC Business Outlook Survey Forecast Previous 0.6% 0.1% 0.3% -4.3B 0.4% 0.4% -1.8% 0.3% -1.7B 0.2%

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TECHNICAL VIEW
GOLD(AUG)
Trend Strategy
Resistance support
• Consolidate • Buy on dips • R2 -18750 • R1 -18520 • S1 -18280 • S2 -18050

SILVER(SEP SEP)
Trend Strategy
Resistance support • Consolidate • Buy on dips • R2 - 29850 • R1 - 29150 • S1 - 28350 • S2 - 27680

COPPER(AUG)
Trend Strategy
Resistance support
• Consolidate • Buy on dips • R2 - 327 • R1 - 318 • S1 - 311 • S2 - 302

CRUDE(JULY) CRUDE(JULY
Trend Strategy
Resistance support
• Consolidate • Sell on higher • R2 - 3650 • R1 - 3585 • S1 - 3480 • S2 - 3410

NATURALGAS(JULY) )
Trend Strategy
Resistance support
• Consolidate • Sell on higher •R2 - 221 •R1 - 211 •S1 - 202 •S2 - 193

LEAD(JULY)
Trend Strategy
Resistance support • Consolidate • sell on higher • R2 - 88.7 • R1 - 86.1 • S1 - 84.2 •S2 - 81.3

ZINC(JULY)
Trend Strategy
Resistance support
• Consolidate •Buy on dips •R2 - 91.8 •R1 - 88.3 •S1 - 85.5 •S2 - 83.7

NICKEL(JULY) NICKEL(JULY
Trend Strategy
Resistance support • Consolidate • Sell on higher •R2 - 945 •R1 - 917 •S1 - 900 •S2 - 875

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ALUMINIUM(JULY)
Trend Strategy
Resistance support • Consolidate • Sell on higher •R2 - 95.7 •R1 - 93.5 •S1 - 91.8 •S2 - 88.5

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