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Daily Newsletter Newsletter-Commodity 07/01/2011

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MARKET WRAP U.S. jobless claims higher than expected Dollar firms versus euro Gold prices fell for a fourth successive session Oil fell more than a dollar to below $89 Copper slipped on Thursday as the dollar rose

Gold prices fell for a fourth successive session on Thursday, under pressure from investors taking heart from the strength of the dollar . Oil fell more than a dollar to below $89 a barrel after U.S. data showed more jobless claims than expected, raising doubts about the strength of economic recovery in the world's biggest oil burner. Copper slipped on Thursday as the dollar rose against the euro, but strong economic data from the United States indicating a bullish outlook.

ECONOMIC CALENDAR Date

Time

Currency

Economic Data

Fri 12:30pm Jan 7 2:30pm

EUR

German Retail Sales m/m

EUR

ECB President Trichet Speaks

3:30pm

EUR

4:30pm

Forecast Previous 0.6%

2.3%

Unemployment Rate

10.1%

10.1%

EUR

German Industrial Production m/m

-0.1%

2.9%

7:00pm

USD

Non-Farm Employment Change

159K

39K

7:00pm

USD

Unemployment Rate

9.7%

9.8%

7:00pm

USD

Average Hourly Earnings m/m

0.2%

0.0%

8:00pm

USD

Fed Chairman Bernanke Testifies

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TECHNICAL VIEW GOLD(FEB) Trend Strategy

• Consolidate • Buy on dips

SILVER(MAR MAR) Trend Strategy

• Consolidate • Buy on dips

Resistance

• R2 -20890 • R1 -20580

Resistance

• R2 - 46400 • R1 - 45250

support

• S1 -20320 • S2 -20130

support

• S1 - 44150 • S2 - 43300

COPPER(FEB) Trend Strategy

• Consolidate • Buy on dips

CRUDE(JAN)) Trend Strategy

• Consolidate • Buy on dips

Resistance

• R2 - 448 • R1 - 441

Resistance

• R2 - 4150 • R1 - 4070

support

• S1 - 432 • S2 - 423

support

• S1 - 3990 • S2 - 3910

NATURALGAS(JAN) Trend Strategy

• Consolidate • Sell on high

LEAD(JAN) Trend Strategy

• Bullish • Buy on dips

Resistance

•R2 - 219 •R1 - 212

Resistance

• R2 - 126.5 • R1 - 123.8

support

•S1 - 203 •S2 - 193

support

• S1 - 120.3 •S2 - 117.5

ZINC(JAN) Trend Strategy

• Bullish • Buy on dips

NICKEL(JAN) NICKEL(JAN Trend Strategy

• Consolidate • Sell on high

Resistance

•R2 - 117.7 •R1 - 113.4

Resistance

•R2 - 1165 •R1 - 1138

support

•S1 - 110.3 •S2 - 108.5

support

•S1 - 1105 •S2 - 1073

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ALUMINIUM(JAN) Trend Strategy

• Bullish • Buy on dips

Resistance

•R2 - 117.5 •R1 - 114.8

support

•S1 - 112.3 •S2 - 109.7

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