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Daily Newsletter-Commodity 13/10/2011

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MARKET WRAP Gold rose 1 percent on Wednesday Euro reaches near 4-week high versus the dollar Copper gains on weak dollar lead stocks in LME-registered warehouses rose by 1,175 tonnes Brent crude rose over $1 on Wednesday Gold rose 1 percent on Wednesday as the dollar slid to a near four-week low against the euro, with the single currency benefiting from hopes that European authorities will agree a plan to tackle the euro zone debt crisis. Copper prices rose on Wednesday, helped by a drop in the dollar, signs of restocking in China. Brent crude rose over $1 on Wednesday, up for a sixth straight session as strong euro zone data.

ECONOMIC CALENDAR Date

Time

Currency

Economic Data

Thu 12:00am Oct 13 11:30am

EUR

ECB President Trichet Speaks

EUR

German Final CPI m/m

1:30pm

EUR

ECB Monthly Bulletin

6:00pm

USD

6:00pm

Forecast Previous

0.1%

0.1%

Trade Balance

-46.0B

-44.8B

USD

Unemployment Claims

406K

401K

8:00pm

USD

Natural Gas Storage

103B

97B

8:30pm

USD

Crude Oil Inventories

0.4M

-4.7M

11:30pm

USD

Federal Budget Balance

-65.0B

-134.2B

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TECHNICAL VIEW GOLD(DEC) Trend Strategy

• Consolidate • Buy on dips

SILVER(DEC) Trend Strategy

• Consolidate • Buy on dips

Resistance

• R2 - 27250 • R1 - 26980

Resistance

• R2 - 55850 • R1 - 54570

support

• S1 - 26550 • S2 - 26180

support

• S1 - 52150 • S2 - 50400

COPPER(NOV) Trend Strategy

• Consolidate • Buy on dips

CRUDE(OCT) Trend Strategy

• Consolidate • Buy on dips

Resistance

• R2 - 383 • R1 - 375

Resistance

• R2 - 4365 • R1 - 4280

support

• S1 - 358 • S2 - 347

support

• S1 - 4130 • S2 - 4015

NATURALGAS(OCT) Trend Strategy

• Consolidate • Sell on high

LEAD(OCT) Trend

Strategy

• Consolidate • Sell on high

Resistance

•R2 - 188 •R1 - 181

Resistance

• R2 - 105.5 • R1 - 102.3

support

•S1 -168 •S2 -161

support

• S1 - 97.8 •S2 - 95.5

ZINC(OCT) Trend Strategy

• Consolidate • Sell on high

NICKEL(OCT) Trend Strategy

• Consolidate • Sell on high

Resistance

•R2 - 99.5 •R1 - 96.3

Resistance

•R2 - 997 •R1 - 963

support

•S1 - 93.5 •S2 - 88.2

support

•S1 - 905 •S2 - 863

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ALUMINIUM(OCT) Trend Strategy

• Consolidate • Sell on high

Resistance

•R2 - 112.5 •R1 - 110.3

support

•S1 - 107.8 •S2 - 104.5

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