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Daily Newsletter-Commodity 27/09/2011

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MARKET WRAP Gold set for largest three-day fall in 28 years Copper rebounded from a 14-month low on Monday Zinc, Nickel slides almost 2% Oil up but volatile as equities rise Silver recovers sharply from low Gold fell on Monday, buckling under the weight of the strength of the dollar as investors scrambled for cash in the face of mounting fear over the impact of a potential Greek debt default on the euro zone economy. Copper rebounded from a 14-month low on Monday but fears of a Greek debt default and the threat of a global recession continued to put pressure on the demand outlook for industrial metals. In the last three days alone, gold has fallen by over 10 percent in its largest three-day slide in 28-1/2 years.

ECONOMIC CALENDAR Date

Time

Currency

Economic Data

Tue 11:30am Sep 27 1:30pm

EUR

GfK German Consumer Climate

EUR

1:30pm

Forecast Previous 5.1

5.2

M3 Money Supply y/y

2.0%

2.0%

EUR

Private Loans y/y

2.5%

2.4%

6:30pm

USD

S&P/CS Composite-20 HPI y/y

-4.4%

-4.5%

7:30pm

USD

CB Consumer Confidence

46.2

44.5

7:30pm

USD

Richmond Manufacturing Index

-8

-10

10:50pm

USD

FOMC Member Fisher Speaks

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TECHNICAL VIEW GOLD(OCT) Trend Strategy

• Consolidate • Sell on high

SILVER(DEC) Trend Strategy

• Consolidate • Sell on high

Resistance

• R2 - 27150 • R1 - 26420

Resistance

• R2 - 57850 • R1 - 54570

support

• S1 - 25140 • S2 - 24350

support

• S1 - 49250 • S2 - 47400

COPPER(NOV) Trend Strategy

• Consolidate • Sell on high

CRUDE(OCT) Trend Strategy

• Consolidate • Sell on high

Resistance

• R2 - 387 • R1 - 375

Resistance

• R2 - 4120 • R1 - 4050

support

• S1 - 353 • S2 - 343

support

• S1 - 3920 • S2 - 3835

NATURALGAS(OCT) Trend Strategy

• Consolidate • Sell on high

LEAD(SEP) Trend

Strategy

• Consolidate • Sell on high

Resistance

•R2 - 205 •R1 - 197

Resistance

• R2 - 102.5 • R1 - 98.8

support

•S1 -183 •S2 -175

support

• S1 - 92.8 •S2 - 88.5

ZINC(SEP) Trend Strategy

• Consolidate • Sell on high

NICKEL(SEP) Trend Strategy

• Consolidate • Sell on high

Resistance

•R2 - 97.5 •R1 - 94.3

Resistance

•R2 - 9677 •R1 - 925

support

•S1 - 90.5 •S2 - 87.3

support

•S1 - 855 •S2 - 793

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ALUMINIUM(SEP) Trend Strategy

• Consolidate • Sell on high

Resistance

•R2 - 111.5 •R1 - 109.8

support

•S1 - 105.8 •S2 - 102.5

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