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Daily Newsletter Newsletter-Commodity 22/10/2010

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MARKET WRAP Gold on course for first weekly fall in 12 weeks G20 meeting starting Friday Oil falls on Chinese growth data Dollar up V/S euro Copper falls on recovering dollar

Gold was set for its first weekly decline in 12 weeks on Thursday after U.S. jobs data lifted the dollar and further eroded investor demand for bullion. The dollar pared losses against a basket of currencies after weekly U.S. jobless claims fell by more than expected. Copper fell on Thursday, reversing earlier gains, as a recovering dollar weighed and investors fretted about the size and shape of expected monetary easing in the United States, the world's largest economy. Oil slipped towards $82 per barrel on Thursday, consolidating after a slight slowing in Chinese economic growth and following another build in U.S. crude oil stocks.

ECONOMIC CALENDAR Date

Time

Currency

Economic Data

Forecast Previous

Fri 7:15am Oct 22 Day 1

USD

FOMC Member Hoenig Speaks

ALL

G20 Meetings

1:30pm

EUR

German Ifo Business Climate

106.5

106.8

1:30pm

EUR

Italian Retail Sales m/m

0.0%

0.0%

6:30pm

EUR

Belgium NBB Business Climate

-3.5

-3.4

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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 -19950 • R1 -19620

Resistance

• R2 - 36750 • R1 - 35950

support

• S1 -19350 • S2 -19180

support

• S1 - 35350 • S2 - 34780

COPPER(NOV) Trend Strategy

• Bullish • Buy on dips

CRUDE(NOV) CRUDE(NOV Trend Strategy

• Consolidate • Buy on dips

Resistance

• R2 - 385 • R1 - 377

Resistance

• R2 - 3770 • R1 - 3790

support

• S1 - 368 • S2 - 361

support

• S1 - 3590 • S2 - 3525

NATURALGAS(OCT) Trend Strategy

• Bearish • Sell on high

LEAD(OCT)) Trend Strategy

• Bullish • Buy on dips

Resistance

•R2 - 163 •R1 - 155

Resistance

• R2 - 113.5 • R1 - 110.5

support

•S1 - 149 •S2 - 142

support

• S1 - 107.5 •S2 - 105.3

ZINC(OCT) Trend Strategy

• Bullish • Buy on dips

NICKEL(OCT) NICKEL(OCT Trend Strategy

• Consolidate • Sell on high

Resistance

•R2 - 112.5 •R1 - 109.7

Resistance

•R2 - 1093 •R1 - 1068

support

•S1 - 107.2 •S2 - 104.5

support

•S1 - 1038 •S2 - 1005

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info@capitalheight.com Phone- (0731)4295950

ALUMINIUM(OCT) Trend Strategy

• Consolidate • Sell on high

Resistance

•R2 - 107.9 •R1 - 105.3

support

•S1 - 103.1 •S2 - 100.5

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