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Daily Newsletter Newsletter-Commodity 15/11/2010

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MARKET WRAP Gold falls most since July Silver's biggest one-day loss since February Oil tumbles on China rate Copper knocked by China interest rate Zinc falls as much as 7 percent

Gold suffered its biggest fall in four months on Friday, tumbling 3 percent as Chinese rate-hike talk, eurozone debt worries and weaker Treasuries prices triggered widespread unwinding of risk in commodities. Oil prices slumped more than 3 percent on Friday, retreating from a 25-month high, amid a broad commodities rout on fears that China may raise interest rates to brake its economy and concerns about euro zone debt. Copper fell on Friday, receding from the previous session's record high to hit a one-week low on talk of an interest rate hike in top consumer China.

ECONOMIC CALENDAR Date

Time

Currency

Economic Data

Mon Nov 15

2:30pm

EUR

Italian Trade Balance

3:30pm

EUR

7:00pm

Forecast Previous -1.91B

-3.26B

Trade Balance

1.3B

-1.4B

USD

Core Retail Sales m/m

0.4%

0.4%

7:00pm

USD

Retail Sales m/m

0.7%

0.6%

7:00pm

USD

13.9

15.7

8:30pm

USD

Empire State Manufacturing Index Business Inventories m/m

0.6%

0.6%

15th-26th

USD

Mortgage Delinquencies

9.85%

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TECHNICAL VIEW GOLD(DEC) Trend Strategy

• Consolidate • Buy on dips

SILVER(DEC DEC) Trend Strategy

• Consolidate • Buy on dips

Resistance

• R2 -20550 • R1 -20280

Resistance

• R2 - 40750 • R1 - 39850

support

• S1 -20050 • S2 -19820

support

• S1 - 38550 • S2 - 37750

COPPER(NOV) Trend Strategy

• Bullish • Buy on dips

CRUDE(NOV) CRUDE(NOV Trend Strategy

• Consolidate • Buy on dips

Resistance

• R2 - 403 • R1 - 395

Resistance

• R2 - 3930 • R1 - 3870

support

• S1 - 385 • S2 - 377

support

• S1 - 3790 • S2 - 3710

NATURALGAS(NOV)) Trend Strategy

• Consolidate • Sell on high

LEAD(NOV) Trend Strategy

• Consolidate • Buy on dips

Resistance

•R2 - 186 •R1 - 177

Resistance

• R2 - 116.8 • R1 - 113.6

support

•S1 - 167 •S2 - 161

support

• S1 - 110.7 •S2 - 107.5

ZINC(NOV) Trend Strategy

• Consolidate • Sell on high

NICKEL(NOV) NICKEL(NOV Trend Strategy

• Consolidate • Sell on high

Resistance

•R2 - 111.8 •R1 - 109.5

Resistance

•R2 - 1173 •R1 - 1043

support

•S1 - 106.4 •S2 - 103.5

support

•S1 - 1005 •S2 - 979

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ALUMINIUM(NOV) Trend Strategy

• Consolidate • Buy on dips

Resistance

•R2 - 110.5 •R1 - 108.7

support

•S1 - 106.3 •S2 - 104.5

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