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Daily Newsletter Newsletter-Commodity 25/08/2011

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MARKET WRAP Gold surrendered gains to fall 3.5 percent on Wednesday Copper rises after U.S. data U.S. durable goods for July rise more than expected The dollar rose against a basket of currencies Crude stocks fall unexpectedly as imports drop Gold surrendered gains to fall 3.5 percent on Wednesday as above-consensus U.S. economic data lifted stock markets, prompting some investors to cash in this month's hefty gains ahead of a keenly awaited central bank gathering this week. Copper rose on Wednesday after orders for long-lasting U.S. manufactured goods rose more than expected, but gains were capped as the dollar rose and markets awaited a U.S. Federal Reserve speech on Friday. U.S. crude oil stocks fell last week on a drop in imports, while petroleum product stocks rose as refiners boosted output, U.S. Energy Information Administration data showed on Wednesday.

ECONOMIC CALENDAR Date

Time

Currency

Economic Data

Thu 11:30am Aug 25 6:00pm

EUR

GfK German Consumer Climate

USD

8:00pm Day 1

Forecast Previous 5.2

5.4

Unemployment Claims

403K

408K

USD

Natural Gas Storage

75B

50B

ALL

Jackson Hole Symposium

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TECHNICAL VIEW GOLD(OCT) Trend Strategy

• Consolidate • Buy on dips

SILVER(SEP SEP) Trend Strategy

• Consolidate • Buy on dips

Resistance

• R2 - 27350 • R1 - 26980

Resistance

• R2 - 63300 • R1 - 61900

support

• S1 - 26240 • S2 - 25850

support

• S1 - 59850 • S2 - 58500

COPPER(AUG)) Trend Strategy

• Consolidate • Buy on dips

CRUDE(SEP SEP) Trend Strategy

• Consolidate • Buy on dips

Resistance

• R2 - 419 • R1 - 411

Resistance

• R2 - 4115 • R1 - 4035

support

• S1 - 397 • S2 - 389

support

• S1 - 3890 • S2 - 3770

NATURALGAS(AUG AUG) Trend Strategy

• Consolidate • Sell on high

LEAD(AUG AUG) Trend Strategy

• Consolidate • Sell on high

Resistance

•R2 - 193 •R1 - 185

Resistance

• R2 - 111.5 • R1 - 108.8

support

•S1 -175 •S2 -167

support

• S1 - 105.8 •S2 - 101.5

ZINC(AUG) Trend Strategy Resistance support

• Consolidate • Sell on high •R2 - 103.5 •R1 - 100.7 •S1 - 96.8 •S2 - 93.5

NICKEL(AUG) Trend Strategy

• Consolidate • Sell on high

Resistance

•R2 - 1013 •R1 - 977

support

•S1 - 928 •S2 - 887

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ALUMINIUM(AUG AUG) Trend Strategy

• Consolidate • Sell on high

Resistance

•R2 - 110.5 •R1 - 107.9

support

•S1 - 105.8 •S2 - 102.5

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