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Daily Newsletter-Commodity 28/09/2011

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MARKET WRAP Gold jumps 3 pct on physical buying Silver bounces back 7 pct after sharp drop U.S. crude jumped more than 4 percent Copper recovers sharply after sharp fall up almost 3% Lead moved up by 5% Nickel and zinc up more than 3% Gold rose by nearly 2 percent on Tuesday as a drop in the dollar index helped the precious metal's recovery from its worst three-day decline in nearly three decades the day before. Oil rose on Tuesday, with Brent crude up by more than $2 to above $106 a barrel, as fresh measures discussed by the European Central Bank curbed some anxiety about European debt. The dollar fell 1.1 percent against a basket of currencies. U.S. crude jumped more than 4 percent to a high of $83.69 a barrel.

ECONOMIC CALENDAR Date

Time

Currency

Economic Data

Forecast Previous

Wed 11:30am Sep 28 All Day

EUR

German Import Prices m/m

-0.3%

0.8%

EUR

German Prelim CPI m/m

-0.1%

0.0%

6:00pm

USD

Core Durable Goods Orders m/m

0.1%

0.8%

6:00pm

USD

Durable Goods Orders m/m

-0.2%

4.1%

8:00pm

USD

Crude Oil Inventories

1.1M

-7.3M

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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 - 26680

Resistance

• R2 - 57850 • R1 - 54570

support

• S1 - 25840 • S2 - 25550

support

• S1 - 51250 • S2 - 49400

COPPER(NOV) Trend Strategy

• Consolidate • Sell on high

CRUDE(OCT) Trend Strategy

• Consolidate • Sell on high

Resistance

• R2 - 395 • R1 - 383

Resistance

• R2 - 4240 • R1 - 4170

support

• S1 - 365 • S2 - 353

support

• S1 - 4050 • S2 - 3965

NATURALGAS(OCT) Trend Strategy

• Consolidate • Sell on high

LEAD(SEP) Trend

Strategy

• Consolidate • Sell on high

Resistance

•R2 - 203 •R1 - 195

Resistance

• R2 - 104.5 • R1 - 101.3

support

•S1 -183 •S2 -175

support

• S1 - 97.8 •S2 - 94.5

ZINC(SEP) Trend Strategy

• Consolidate • Sell on high

NICKEL(SEP) Trend Strategy

• Consolidate • Sell on high

Resistance

•R2 - 99.5 •R1 - 97.3

Resistance

•R2 - 977 •R1 - 943

support

•S1 - 92.5 •S2 - 89.2

support

•S1 - 895 •S2 - 858

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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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