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Weekly Newsletter Newsletter-Commodity Commodity 04/04/2011

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Weekly Newsletter Contents Market Wrap Technical Analysis Gold ( Comex) Silver ( Comex) Crude ( Nymex) Naturalgas ( Nymex) Copper (Comex) USD/INR

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MARKET WRAP Oil rises to 2-1/2 yr peak on job rise U.S. March nonfarm payrolls stronger than forecast U.S. jobless rate hit a two-year low of 8.8 percent Gold slips on U.S. jobs data Silver gained 0.2 percent to $37.69 an ounce.

Gold ended up with trivial gains as its upside was hampered due to stronger Non-farm payrolls data and rising dollar though European debt woes and unrest in Mid-East kept gold in green. Gold is in consolidation range of $1440 - $1440 while its 14 day RSI is at 54.97. In Fundamentals, holdings of the world’s largest gold backed ETF, NY’s SPDR gold trust posted biggest quarterly drop since its inception now is at 1211.85 tonnes.

Copper ended down nearly 3% on the back of lull Chinese buying and weak demand and a rising trend in inventories continued to reflect near-term demand weakness. Copper ended the week at $424.80. Upbeat U.S payrolls data and manufacturing data failed to stem the losses as well. The 3-month LME copper ended at $9359 a tonne. LME copper stocks

were

at

438,850

tonnes,

though

near

their

highest

in

8

months.

Crude Oil jumped as supportive U.S. jobs data reinforced economic growth expectations and Libya's conflict and Middle East unrest kept supply threats in focus, pushing both Brent & U.S. crude to their highest settlements since 2008 complimented by rise in dollar. Crude gained nearly 3% to end the week at $108.07 after making a fresh 2-1/2 year high of $108.16. EIA crude oil inventories w/w came at 2.9M vs. 1.6M.

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TECHNICAL VIEW GOLD WEEKLY PIVOT SCRIPT GOLD

R4 1514

R3 1485

R2 14 1455

R1 1442

P 1426

S1 1413

S2 1397

S3 1367

S4 1338

OUTLOOK Trend:- Consolidate Resistance:- 14433,1485$ Support:- 1403,1378 1378$ Strategy:- Buy on dips GOLD WEEKLY

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SILVER WEEKLY PIVOT SCRIPT SILVER

R4 41.95

R3 40.42

R2 38.89

R1 38.32

P 37.36

S1 36.79

S2 35.83

S3 34.30

S4 32.77

OUTLOOK Trend:- Bullish Resistance:- 38.60 60,39.70$ Support:- 36.30,34.9 36.30,34.90$ Strategy:- Buy on dips SILVER WEEKLY

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CRUDE WEEKLY PIVOT SCRIPT CRUDE

R4 122.9

R3 117.4

R2 111.8

R1 110.0

P 106.3

S1 104.5

S2 100.8

S3 95.3

S4 89.8

OUTLOOK Trend:- Consolidate Resistance:- 111.8 .8,117.3$ Support:- 106.4,101.8 101.8$ Strategy:- Buy on dips CRUDE WEEKLY

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NATURALGAS WEEKLY PIVOT SCRIPT NG

R4 5.40

R3 5.05

R2 4.70

R1 4.51

P 4.35

S1 4.16

S2 4.00

S3 3.65

S4 3.30

OUTLOOK Trend:- Consolidate Resistance:- 4.690 690,4.970$ Support:- 4.210,3. 3.770$ Strategy:- Buy on dips NATURALGAS WEEKLY

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COPPER WEEKLY PIVOT SCRIPT COPPER

R4 477.9

R3 461.2

R2 444.6

R1 434.7

P 427.9

S1 418.0

S2 411.3

S3 394.6

S4 378.0

OUTLOOK Trend:- Consolidate Resistance:- 437,4450 Support:- 415,3955 Strategy:- Sell on high COPPER WEEKLY

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USD/INR WEEKLY PIVOT SCRIPT INR

R4 46.14

R3 45.61

R2 45.08

R1 44.72

P 44.55

S1 44.19

S2 44.02

S3 43.49

S4 42.96

OUTLOOK Trend:- Consolidate Resistance:- 44.90 44.90,45.65 Support:- 44.10,43.40 ,43.40 Strategy:- Sell on high USD/INR WEEKLY

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