Daily Newsletter Newsletter-Commodity

03/12/2010

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MARKET WRAP
Gold ticks higher, euro zone fears fade The euro rose on Thursday Shanghai copper seen higher as LME extends gains Crude trades near 25-month high

Oil was steady near 25-month highs on early morning trade of Friday after a slew of upbeat U.S. economic data that boded well for oil consumption by the world's top user, ahead of a jobs report expected to show employment expanded for a second straight month in November. Gold ticked higher on Friday after a volatile trade in the previous session, which saw speculators book profits as the price of the metal failed to breach a key resistance of $1,400 an ounce on waning Europe. Shanghai copper is expected to open stronger on Friday as London futures extended gains to a third day in the previous session to come within striking distance of a record hit last month.

ECONOMIC CALENDAR
Date Time Currency USD USD USD USD USD USD Economic Data FOMC Member Duke Speaks Non-Farm Employment Change Unemployment Rate Average Hourly Earnings m/m ISM Non-Manufacturing PMI Factory Orders m/m 143K 9.6% 0.2% 54.7 -0.7% 151K 9.6% 0.2% 54.3 2.1% Forecast Previous Fri 12:30am Dec 3 7:00pm 7:00pm 7:00pm 8:30pm 8:30pm

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TECHNICAL VIEW
GOLD(FEB)
Trend Strategy
Resistance support
• Bullish • Buy on dips • R2 -2090 • R1 -20755 • S1 -20470 • S2 -20250

SILVER(MAR MAR)
Trend Strategy
Resistance support • Bullish • Buy on dips • R2 - 44750 • R1 - 43850 • S1 - 42850 • S2 - 41750

COPPER(FEB)
Trend Strategy
Resistance support
• Consolidate • Buy on dips • R2 - 409 • R1 - 401 • S1 - 391 • S2 - 383

CRUDE(DEC) )
Trend Strategy
Resistance support
• Consolidate • Buy on dips • R2 - 4050 • R1 - 3990 • S1 - 3910 • S2 - 3830

NATURALGAS(DEC)
Trend Strategy
Resistance support
• Consolidate • Sell on high •R2 - 207 •R1 - 198 •S1 - 189 •S2 - 181

LEAD(DEC) )
Trend Strategy
Resistance support • Consolidate • Buy on dips • R2 - 110.5 • R1 - 108.1 • S1 - 105.3 •S2 - 102.5

ZINC(DEC)
Trend Strategy
Resistance support
• Consolidate • Sell on high •R2 - 105.8 •R1 - 102.5 •S1 - 99.7 •S2 - 96.8

NICKEL(DEC) NICKEL(DEC
Trend Strategy
Resistance support • Consolidate • Sell on high •R2 - 1107 •R1 - 1083 •S1 - 1053 •S2 - 1025

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ALUMINIUM(DEC)
Trend Strategy
Resistance support • Consolidate • Buy on dips •R2 - 109.5 •R1 - 107.2 •S1 - 104.5 •S2 - 101.7

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