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Daily Newsletter Newsletter-Commodity 06/06/2011

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MARKET WRAP Volatile Crude oil ends higher Dollar index, euro choppy amid Greece debt woes Gold jumps 1.5 pct on euro zone debt fears Silver ETF holdings drop over 2 pct LME aluminium inventories fall Gold steadied on Monday, holding on to gains made in the previous session after a sluggish U.S. employment report fueled fears of a slowdown in recovery of the world's biggest economy, while a softer dollar lent support. copper rose half a percent on buoyed by a softer dollar and expectations that the Federal Reserve will continue to supply liquidity to the market. U.S. crude futures headed higher as the dollar remained soft but gains were set to be limited after weak U.S. jobs data added to evidence of a marked economic slowdown. The U.S. dollar slid to a fresh one-month low against a basket of major currencies early in Asia finding no support after disappointing jobs data.

ECONOMIC CALENDAR Date

Time

Currency

Economic Data

Forecast Previous

Mon June 06

2:00pm

EUR

Sentix Investor Confidence

9.4

10.9

2:30pm

EUR

PPI m/m

0.80%

0.70%

6:00pm

CAD

Building Permits m/m

-2.30%

17.20%

7:30pm

CAD

Ivey PMI

59.1

57.7

8:00pm

CAD

Gov Council Member Macklem Speaks

-

-

10:45pm

USD

Treasury Sec Geithner Speaks

-

-

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TECHNICAL VIEW GOLD(AUG) Trend Strategy

• Consolidate • Buy on dips

SILVER(JULY JULY) Trend Strategy

• Consolidate • Buy on dips

Resistance

• R2 -22870 • R1 -22780

Resistance

• R2 - 56550 • R1 - 55550

support

• S1 -22510 • S2 -22400

support

• S1 - 53000 • S2 - 51900

COPPER(JUNE) Trend Strategy

• Consolidate • Buy on dips

CRUDE(JUNE JUNE) Trend Strategy

• Consolidate • Buy on dips

Resistance

• R2 - 425 • R1 - 416

Resistance

• R2 - 4840 • R1 - 4670

support

• S1 - 401 • S2 - 395

support

• S1 - 4380 • S2 - 4210

NATURALGAS(JUNE)) Trend Strategy

• Consolidate • Buy on dips

LEAD(JUNE JUNE) Trend Strategy

• Consolidate • Sell on high

Resistance

•R2 - 218 •R1 - 213

Resistance

• R2 - 115.5 • R1 - 112.4

support

•S1 - 208 •S2 - 204

support

• S1 - 108.5 •S2 - 106.8

ZINC(JUNE) Trend Strategy

• Consolidate • Buy on dips

NICKEL(JUNE JUNE) Trend Strategy

• Consolidate • Sell on high

Resistance

•R2 - 104.5 •R1 - 102.5

Resistance

•R2 - 1072 •R1 - 1054

support

•S1 - 99.6 •S2 - 98.1

support

•S1 - 1005 •S2 - 970

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info@capitalheight.com Phone- (0731)4295950

ALUMINIUM(JUNE) Trend Strategy

• Consolidate • Buy on dips

Resistance

•R2 - 120.5 •R1 - 118.9

support

•S1 - 116.7 •S2 - 113.5

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