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Daily Newsletter Newsletter-Commodity 22/03/2011

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MARKET WRAP Gold prices held steady on Monday Copper prices edged lower on Monday Lead slips after making new multi week high Oil steadied on Monday Silver up on week starting

Gold prices held steady on Monday, supported by a weak dollar and firm oil prices, as the unrest in the Middle East and North Africa intensified and Japan continued its efforts to control the nuclear crisis. Copper prices edged higher in London on Tuesday, paring the previous session's 1 percent loss, but Shanghai futures extended losses after weak import data from the world's top commodity buyer and soft housing data in the United States. U.S. crude oil futures were steady on Monday as supply concerns triggered by the spreading unrest in the Middle East supported prices, but uncertainty about demand from the world's No. 3 consumer Japan capped gains.

ECONOMIC CALENDAR Date

Time

Currency

Economic Data

Tue Mar 22

5:05pm

USD

FOMC Member Fisher Speaks

6:00pm

USD

Treasury Sec Geithner Speaks

7:30pm

USD

OFHEO HPI m/m

7:30pm

USD

Richmond Manufacturing Index

Forecast Previous

-0.2%

-0.3%

23

25

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TECHNICAL VIEW GOLD(APR) Trend Strategy

• Consolidate • Buy on dips

SILVER(MAY MAY) Trend Strategy

• Consolidate • Buy on dips

Resistance

• R2 -21380 • R1 -21130

Resistance

• R2 - 55750 • R1 - 54650

support

• S1 -20830 • S2 -20650

support

• S1 - 52950 • S2 - 52100

COPPER(APR) Trend Strategy

• Consolidate • Buy on dips

CRUDE(APR)) Trend Strategy

• Consolidate • Buy on dips

Resistance

• R2 - 441 • R1 - 433

Resistance

• R2 - 4790 • R1 - 4710

support

• S1 - 422 • S2 - 413

support

• S1 - 4610 • S2 - 4530

NATURALGAS(MAR)) Trend Strategy

• Consolidate • Buy on dips

LEAD(MAR) LEAD(MAR Trend Strategy

• Consolidate • Buy on dips

Resistance

•R2 - 201 •R1 - 193

Resistance

• R2 - 125.5 • R1 - 122.3

support

•S1 - 182 •S2 - 173

support

• S1 - 118.7 •S2 - 115.5

ZINC(MAR) Trend Strategy

• Consolidate • Sell on high

NICKEL(MAR) NICKEL(MAR Trend Strategy

• Consolidate • Buy on dips

Resistance

•R2 - 108.3 •R1 - 105.2

Resistance

•R2 - 1255 •R1 - 1228

support

•S1 - 101.3 •S2 - 98.5

support

•S1 - 1186 •S2 - 1143

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ALUMINIUM(MAR) Trend Strategy

• Consolidate • Buy on dips

Resistance

•R2 - 117.7 •R1 - 115.4

support

•S1 - 113.2 •S2 - 110.3

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Daily Commodity Report by CapitalHeight.com– 22 March