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Daily Newsletter Newsletter-Commodity 28/01/2011

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MARKET WRAP Gold slides to 3-month low as investment stalls Euro at 2-month high on ECB official's inflation comments Copper rose on Thursda Copper stocks rise again Crude oil trading around 87$

Gold fell more than 2 percent on Thursday as investor appetite for the metal waned and on growing expectations for rising interest rates that would ultimately make bullion a less attractive investment. Copper rose on Thursday and tin hit a record high on tightening supplies, but copper's gains looked fragile near-term as a holiday approached in top metals consumer China.

ECONOMIC CALENDAR Date

Time

Currency

Economic Data

Forecast Previous

Fri All Day Jan 28 4:30pm

ALL

WEF Annual Meetings

USD

Treasury Sec Geithner Speaks

7:00pm

USD

Advance GDP q/q

3.5%

2.6%

7:00pm

USD

Advance GDP Price Index q/q

1.7%

2.1%

7:00pm

USD

Employment Cost Index q/q

0.5%

0.4%

8:25pm

USD

Revised UoM Consumer Sentiment

73.1

72.7

8:25pm

USD

Revised UoM Inflation Expectations

3.3%

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TECHNICAL VIEW GOLD(FEB) Trend Strategy

• Consolidate • Sell on high

SILVER(MAR MAR) Trend Strategy

• Consolidate • Sell on high

Resistance

• R2 -20050 • R1 -19870

Resistance

• R2 - 43500 • R1 - 42750

support

• S1 -19650 • S2 -19430

support

• S1 - 41250 • S2 - 40380

COPPER(FEB) Trend Strategy

• Consolidate • Buy on dips

CRUDE(FEB)) Trend Strategy

• Consolidate • Sell on high

Resistance

• R2 - 448 • R1 - 441

Resistance

• R2 - 4090 • R1 - 4020

support

• S1 - 432 • S2 - 423

support

• S1 - 3910 • S2 - 3830

NATURALGAS(FEB) Trend Strategy

• Consolidate • Sell on high

LEAD(JAN) Trend Strategy

• Consolidate • Buy on dips

Resistance

•R2 - 215 •R1 - 206

Resistance

• R2 - 117.5 • R1 - 113.7

support

•S1 - 199 •S2 - 190

support

• S1 - 110.5 •S2 - 108.3

ZINC(JAN) Trend Strategy

• Consolidate • Buy on dips

NICKEL(JAN) NICKEL(JAN Trend Strategy

• Bullish • Buy on dips

Resistance

•R2 - 106.5 •R1 - 104.8

Resistance

•R2 - 1265 •R1 - 1233

support

•S1 - 101.3 •S2 - 98.5

support

•S1 - 1197 •S2 - 1173

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ALUMINIUM(JAN) Trend Strategy

• Consolidate • Sell on high

Resistance

•R2 - 113.5 •R1 - 111.2

support

•S1 - 109.1 •S2 - 106.3

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