JS Global Capital Limited

July 05, 2010 Commodities Market

Gold
Current Price 1213.98$ (per ounce)

Commodities Market: Technical Outlook
Short Term: Buy, Target 1215.76$-1222.48$ Stoploss 1205.38$-1204.30$ Mid Term : Sell, Target 1206.78$-1196.96$ Stoploss 1226.42$-1227.50$ Long Term: Sell, Target 1196.31$-1179.14$ Stoploss 1244.56$-1245.70$
S3 S2 1195.51 $ S1 1205.31 $ PIVOT 1206.86 $ R1 1215.78 $ R2 1223.97 $ R3 1235.76 $

Sideways to,

Bearish

1184.08 $

Spot Gold: Open: 1196.96$ High: 1213.23$ Low: 1196.31$ Close: 1211.04$ Market Range: 16.92$

7-DRSI 37.45 %

14-DRSI 1195.51 %

14-DMA 1238.71 $

50-DMA 1221.50 $

100-DMA 1177.48 $

200-DMA 1149.25 $

New York gold futures closed higher due to short covering on Friday as it consolidated some of Thursday's decline. The high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI remain bearish signaling that sideways to lower prices are possible near-term. If August extends this week's decline, the reaction low crossing at 1168.00 is the next downside target. First resistance is the 10-day moving average crossing at 1236.30. Second resistance is Wednesday's high crossing at 1248.80. First support is Thursday's low crossing at 1198.20. Second support is the reaction low crossing at 1168.00.
Syed Abbas Ali abbas.ali@js.com 92 (21) 111-574-111 Ext. 3193
Disclaimer: This report has been prepared for information purposes by the Commodities Department of JS Global Capital Limited. The information and data on which this report is based are obtained from sources which we believe to be reliable but we do not guarantee that it is accurate or complete. In particular, the report takes no account of the investment objectives, financial situation and particular needs of investors who should seek further professional advice or rely upon their own judgment and acumen before making any investment. This report should also not be considered as a reflection on the concerned company’s management and its performances or ability, or appreciation or criticism, as to the affairs or operations of such company or institution. Warning: This report may not be reproduced, distributed or published by any person for any purpose whatsoever. Action will be taken for unauthorized reproduction, distribution or publication.

July 05, 2010

JS Global Capital Limited

Current Price Short Term: Sell, Target 17.730$-17.620$ Stoploss 17.930$-17.950$ 17.870$ Mid Term : Sell, Target 17.690$-17.380$ Stoploss 17.970$-18.010$ (per ounce)

Silver
Bearish

Long Term: Sell, Target 17.360$-16.950$ Stoploss 18.770$-18.880$
S3 17.180 $ S2 17.380 $ S1 17.700 $ PIVOT 17.840 $ R1 18.020 $ R2 18.350 $

R3 18.690 $

Spot Silver: Open: 17.800$ High: 18.100$ Low: 17.620$ Close: 17.820$ Market Range: 0.480$

7-DRSI 29.61 %

14-DRSI 39.75 %

14-DMA 18.670 $

50-DMA 18.440 $

100-DMA 18.070 $

200-DMA 17.680 $

New York silver futures closed slightly higher due to short covering on Friday as it consolidated some of Thursday's decline. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI remain bearish signaling that additional weakness is possible near-term. If September extends Thursday's decline, June's low crossing at 17.230 is the next downside target. Closes above the 10-day moving average crossing at 18.592 are needed to confirm that a low has been posted. First resistance is the 10-day moving average crossing at 18.592. Second resistance is Monday's high crossing at 19.270. First support is today's low crossing at 17.635. Second support is this month's low crossing at 17.230.

July 05, 2010

JS Global Capital Limited

Current Price Short Term: Sell, Target 71.77$-71.40$ Stoploss 72.76$-72.86$ 72.50$ Mid Term : Sell, Target 71.38$-70.05$ Stoploss 72.80$-72.90$ (per barrel)

Crude Oil
Bearish

Long Term: Sell, Target 70.92$-69.56$ Stoploss 77.97$-78.15$
S3 69.83 $ S2 70.90 $ S1 71.65 $ PIVOT 72.41 $ R1 73.03 $ R2

R3 75.00 $

74.10 $

Crude Oil: Open: 72.74$ High: 73.35$ Low: 71.61$ Close: 72.28$ Market Range: 1.74$

7-DRSI 30.53 %

14-DRSI 40.72 %

14-DMA 76.46 $

50-DMA 75.67 $

100-DMA 78.69 $

200-DMA 77.34 $

New York crude oil closed lower on Friday and posted a new three-week low as it extends this week's decline. The mid-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI remain bearish signaling that sideways to lower prices are possible near-term. If August extends this week's decline, the reaction low crossing at 70.93 is the next downside target. Closes above the 10-day moving average crossing at 76.31 would confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 76.28. Second resistance is the 10-day moving average crossing at 76.31. First support is today's low crossing at 71.62. Second support is the reaction low crossing at 70.93.

July 05, 2010

JS Global Capital Limited

Today’s Economic Calendar
SNO 1 2 3 4 5 6 7 8 9 TIME 4:30am 5:30am 6:30am 12:15pm 1:00pm 1:30pm 1:30pm 2:00pm All Day COUNTRY AUD AUD AUD CHF EUR EUR GBP EUR USD IMPACT Medium Low High High Low Low High Medium EVENT AIG Services Index MI Inflation Expectations ANZ Job Advertisements m/m Retail Sales y/y Final Services PMI Sentix Investor Confidence Services PMI Retail Sales m/m US Bank Holiday 2.7% 55.4 -4.5 55.1 0.1% FORECAST PREVIOUS 47.5 0.5% 4.3% 1.3% 55.4 -4.1 55.4 -1.5%

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