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Daily Newsletter-Commodity 11/10/2011

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MARKET WRAP Gold rose more than 2 percent on Monday Dollar drops after euro zone plan benefits gold Silver moves up almost 2% Copper rose on Monday up almost 2% Copper inventories drop Oil rose nearly 3 percent on Monday Gold rose more than 2 percent on Monday, lifted by weakness in the dollar versus the euro after France and Germany pledged to come up with a proposal to recapitalise euro zone banks. Copper rose on Monday, recouping from earlier losses as the dollar fell and German and French leaders pledged new measures to resolve the European debt crisis by the end of the month. Oil rose nearly 3 percent on Monday, extending gains into a fourth straight session after a strike halted Kuwait's crude exports.

ECONOMIC CALENDAR Date

Time

Currency

Economic Data

Tue Oct 11

4:31am

GBP

BRC Retail Sales Monitor y/y

4:31am

GBP

RICS House Price Balance

1:00pm

EUR

ECB President Trichet Speaks

2:00pm

GBP

2:00pm

Forecast Previous -0.6% -23%

-23%

Manufacturing Production m/m

-0.1%

0.1%

GBP

DCLG HPI y/y

2.3%

-1.5%

2:00pm

GBP

Industrial Production m/m

-0.2%

-0.2%

7:30pm

GBP

NIESR GDP Estimate

7:30pm

USD

IBD/TIPP Economic Optimism

0.2% 43.2

39.9

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TECHNICAL VIEW GOLD(DEC) Trend Strategy

• Consolidate • Buy on dips

SILVER(DEC) Trend Strategy

• Consolidate • Buy on dips

Resistance

• R2 - 26950 • R1 - 26780

Resistance

• R2 - 55850 • R1 - 53570

support

• S1 - 26250 • S2 - 25950

support

• S1 - 51150 • S2 - 48400

COPPER(NOV) Trend Strategy

• Consolidate • Buy on dips

CRUDE(OCT) Trend Strategy

• Consolidate • Buy on dips

Resistance

• R2 - 381 • R1 - 372

Resistance

• R2 - 4295 • R1 - 4230

support

• S1 - 355 • S2 - 347

support

• S1 - 4080 • S2 - 4015

NATURALGAS(OCT) Trend Strategy

• Consolidate • Sell on high

LEAD(OCT) Trend

Strategy

• Consolidate • Sell on high

Resistance

•R2 - 185 •R1 - 177

Resistance

• R2 - 102.5 • R1 - 99.3

support

•S1 -168 •S2 -161

support

• S1 - 95.8 •S2 - 92.5

ZINC(OCT) Trend Strategy

• Consolidate • Sell on high

NICKEL(OCT) Trend Strategy

• Consolidate • Sell on high

Resistance

•R2 - 99.5 •R1 - 97.3

Resistance

•R2 - 997 •R1 - 963

support

•S1 - 93.5 •S2 - 90.2

support

•S1 - 905 •S2 - 863

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ALUMINIUM(OCT) Trend Strategy

• Consolidate • Sell on high

Resistance

•R2 - 111.5 •R1 - 109.3

support

•S1 - 106.8 •S2 - 104.5

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