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Daily Newsletter-Commodity 14/09/2011

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MARKET WRAP Gold prices rose in volatile trade on Tuesday Euro slips against dollar Copper up on weak dollar Copper stocks in LME-approved warehouses rose 875 tonnes Brent crude oil weakened on Tuesday Gold prices rose in volatile trade on Tuesday after briefly extending the previous session's 2.5 percent slide below $1,800 an ounce, as the dollar pared some of its early gains versus the euro, taking some pressure off the precious metal. Copper rose on Tuesday as a weak dollar helped underpin prices, although further gains were capped by growing concerns about the euro zone debt crisis, which raised fears about the region's growth prospects.

ECONOMIC CALENDAR Date

Time

Currency

Economic Data

Forecast Previous

Wed Sep 14

2:30pm

EUR

Industrial Production m/m

1.5%

-0.7%

6:00pm

USD

Core Retail Sales m/m

0.2%

0.5%

6:00pm

USD

PPI m/m

-0.1%

0.2%

6:00pm

USD

Retail Sales m/m

0.2%

0.5%

6:00pm

USD

Core PPI m/m

0.2%

0.4%

6:00pm

USD

Treasury Sec Geithner Speaks

7:30pm

USD

Business Inventories m/m

0.4%

0.3%

8:00pm

USD

Crude Oil Inventories

-3.1M

-4.0M

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TECHNICAL VIEW GOLD(OCT) Trend Strategy

• Bullish • Buy on dips

SILVER(DEC) Trend Strategy

• Consolidate • Buy on dips

Resistance

• R2 - 28550 • R1 - 28280

Resistance

• R2 - 66450 • R1 - 65470

support

• S1 - 27580 • S2 - 27150

support

• S1 - 63450 • S2 - 61800

COPPER(NOV) Trend Strategy

• Consolidate • Buy on dips

CRUDE(SEP) Trend Strategy

• Consolidate • Buy on dips

Resistance

• R2 - 431 • R1 - 423

Resistance

• R2 - 4370 • R1 - 4285

support

• S1 - 409 • S2 - 401

support

• S1 - 4120 • S2 - 4040

NATURALGAS(SEP) Trend Strategy

• Consolidate • Sell on high

LEAD(SEP) Trend

Strategy

• Consolidate • Sell on high

Resistance

•R2 - 203 •R1 - 196

Resistance

• R2 - 119.5 • R1 - 116.7

support

•S1 -183 •S2 -175

support

• S1 - 112.8 •S2 - 108.5

ZINC(SEP) Trend Strategy

• Consolidate • Sell on high

NICKEL(SEP) Trend Strategy

• Consolidate • Buy on dips

Resistance

•R2 - 106.5 •R1 - 104.7

Resistance

•R2 - 1075 •R1 - 1048

support

•S1 - 100.6 •S2 - 96.5

support

•S1 - 983 •S2 - 950

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ALUMINIUM(SEP) Trend Strategy

• Consolidate • Sell on high

Resistance

•R2 - 114.5 •R1 - 112.3

support

•S1 - 109.8 •S2 - 107.5

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