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Daily Newsletter Newsletter-Commodity 16/08/2011

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MARKET WRAP Gold prices eased for a third session on Monday European stocks lift from 2-year low Oil rose by around $1 a barrel on Monday Copper rises on soft dollar, Japan data Dollar dips against basket of currencies Gold prices eased for a third session on Monday as stock markets and cyclical assets such as industrial commodities continued to recover from a rout they suffered early last week, diverting investment away from the precious metal. Oil rose by around $1 a barrel on Monday, supported by hopes European leaders will come up with solutions to the region's debt crisis and broader gains in global markets. Copper rose on Monday, supported by glimmers of economic recovery in Japan, a drawdown in inventories of the metal and a softer dollar.

ECONOMIC CALENDAR Date

Time

Currency

Economic Data

Forecast Previous

Tue Aug 16

6:00pm

USD

Building Permits

0.61M

0.62M

6:00pm

USD

Housing Starts

0.60M

0.63M

6:00pm

USD

Import Prices m/m

0.0%

-0.5%

6:45pm

USD

Capacity Utilization Rate

77.0%

76.7%

6:45pm

USD

Industrial Production m/m

0.5%

0.2%

Tentative

USD

Loan Officer Survey

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TECHNICAL VIEW GOLD(OCT) Trend Strategy

• Bullish • Buy on dips

SILVER(SEP SEP) Trend Strategy

• Consolidate • Buy on dips

Resistance

• R2 - 26300 • R1 - 25850

Resistance

• R2 - 60800 • R1 - 59700

support

• S1 - 25420 • S2 - 25130

support

• S1 - 57850 • S2 - 56200

COPPER(AUG)) Trend Strategy

• Consolidate • Sell on high

CRUDE(AUG AUG) Trend Strategy

• Consolidate • Buy on dips

Resistance

• R2 - 417 • R1 - 408

Resistance

• R2 - 4065 • R1 - 3980

support

• S1 - 393 • S2 - 385

support

• S1 - 3820 • S2 - 3750

NATURALGAS(AUG AUG) Trend Strategy

• Consolidate • Sell on high

LEAD(AUG AUG) Trend Strategy

• Consolidate • Sell on high

Resistance

•R2 - 195 •R1 - 187

Resistance

• R2 - 112.5 • R1 - 109.3

support

•S1 -175 •S2 -167

support

• S1 - 105.3 •S2 - 102.5

ZINC(AUG) Trend Strategy Resistance support

• Consolidate • Sell on high •R2 - 102.5 •R1 - 99.8 •S1 - 94.8 •S2 - 90.5

NICKEL(AUG) Trend Strategy

• Consolidate • Sell on high

Resistance

•R2 - 1033 •R1 - 997

support

•S1 - 938 •S2 - 905

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ALUMINIUM(AUG AUG) Trend Strategy

• Consolidate • Sell on high

Resistance

•R2 - 111.5 •R1 - 109.6

support

•S1 - 105.8 •S2 - 102.5

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