Daily Newsletter Newsletter-Commodity

12/05/2011

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MARKET WRAP
Gold slides as firmer dollar The dollar pared earlier losses and rose against the euro Silver plunged almost 8% on Wednesday U.S. crude oil stocks rose 3.78 million barrels Crude oil falls below 100$ Copper fell to its lowest since December

Gold broke a three-day rally to fall on Wednesday, under pressure from a rebound in the dollar and a broad decline in other commodities. Oil fell across the board on Wednesday, led by a 6 percent fall in New York gasoline futures prices, as U.S. oil data showed an unexpected rise in stocks of the auto fuel and a sharp rise increase in crude inventories.

ECONOMIC CALENDAR
Date Thu May 12 Time 6:00pm 6:00pm 6:00pm 6:00pm 6:00pm 7:30pm 7:30pm 8:00pm Currency USD USD USD USD USD USD USD USD Economic Data Core Retail Sales m/m PPI m/m Retail Sales m/m Unemployment Claims Core PPI m/m Fed Chairman Bernanke Testifies Business Inventories m/m Natural Gas Storage Forecast Previous 0.7% 0.6% 0.5% 430K 0.2% 0.8% 0.7% 0.4% 474K 0.3%

0.8% 69B

0.5% 72B

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TECHNICAL VIEW
GOLD(JUNE)
Trend Strategy
Resistance support
• Consolidate • Buy on dips • R2 -22250 • R1 -22080 • S1 -21760 • S2 -21450

SILVER(JULY JULY)
Trend Strategy
Resistance support • Consolidate • Sell on high • R2 - 57200 • R1 - 55550 • S1 - 52850 • S2 - 50350

COPPER(JUNE)
Trend Strategy
Resistance support
• Consolidate • Sell on high • R2 - 408 • R1 - 401 • S1 - 385 • S2 - 378

CRUDE(MAY MAY)
Trend Strategy
Resistance support
• Consolidate • Buy on dips • R2 - 4635 • R1 - 4565 • S1 - 4430 • S2 - 4240

NATURALGAS(MAY) )
Trend Strategy
Resistance support
• Consolidate • Sell on high •R2 - 206 •R1 - 197 •S1 - 183 •S2 - 175

LEAD(MAY MAY)
Trend Strategy
Resistance support • Bearish • Sell on high • R2 - 107.5 • R1 - 104.3 • S1 - 100.3 •S2 - 97.5

ZINC(MAY)
Trend Strategy
Resistance support
• Bearish • Sell on high •R2 - 99.5 •R1 - 97.9 •S1 - 94.5 •S2 - 91.8

NICKEL(MAY MAY)
Trend Strategy
Resistance support • Consolidate • Sell on high •R2 - 1164 •R1 - 1125 •S1 - 1083 •S2 - 1048

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ALUMINIUM(MAY)
Trend Strategy
Resistance support • Consolidate • Sell on high •R2 - 119.5 •R1 - 117.4 •S1 - 115.3 •S2 - 112.5

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