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Daily Newsletter Newsletter-Commodity 15/03/2011

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MARKET WRAP Gold prices rose in Europe on Monday Crude oil prices slipped on Monday Copper slipped on Monday Silver consolidate near high

Gold prices rose in Europe on Monday, recovering some of last week's one percent losses, as the impact of an earthquake in Japan added to upward pressure on the metal, driving it back towards recent record highs. Crude oil prices slipped on Monday in volatile trading, pressured by expectations of slower Japanese demand after a devastating earthquake, while ongoing unrest in the Middle East helped limit oil losses. Copper slipped on Monday as the unfolding disaster in Japan and tensions in the Middle East undermined investor sentiment and prompted a flurry of selling.

ECONOMIC CALENDAR Date

Time

Currency

Tue Mar 15

6:00pm

USD

6:00pm

Economic Data

Forecast Previous 16.2

15.4

USD

Empire State Manufacturing Index Import Prices m/m

0.9%

1.5%

6:30pm

USD

TIC Long-Term Purchases

59.3B

65.9B

7:30pm

USD

NAHB Housing Market Index

17

16

11:45pm

USD

FOMC Statement

11:45pm

USD

Federal Funds Rate

<0.25%

<0.25%

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TECHNICAL VIEW GOLD(APR) Trend Strategy

• Consolidate • Buy on dips

SILVER(MAY MAY) Trend Strategy

• Consolidate • Buy on dips

Resistance

• R2 -21280 • R1 -21090

Resistance

• R2 - 55650 • R1 - 54750

support

• S1 -20830 • S2 -20550

support

• S1 - 53350 • S2 - 52400

COPPER(APR) Trend Strategy

• Consolidate • Sell on high

CRUDE(MAR) CRUDE(MAR Trend Strategy

• Consolidate • Buy on dips

Resistance

• R2 - 431 • R1 - 423

Resistance

• R2 - 4670 • R1 - 4580

support

• S1 - 412 • S2 - 405

support

• S1 - 4450 • S2 - 4385

NATURALGAS(MAR)) Trend Strategy

• Consolidate • Sell on high

LEAD(MAR) LEAD(MAR Trend Strategy

• Consolidate • Sell on high

Resistance

•R2 - 195 •R1 - 187

Resistance

• R2 - 117.5 • R1 - 114.7

support

•S1 - 176 •S2 - 167

support

• S1 - 110.2 •S2 - 106.3

ZINC(MAR) Trend Strategy

• Consolidate • Sell on high

NICKEL(MAR) NICKEL(MAR Trend Strategy

• Consolidate • Sell on high

Resistance

•R2 - 108.5 •R1 - 105.9

Resistance

•R2 - 1228 •R1 - 1197

support

•S1 - 102.2 •S2 - 98.3

support

•S1 - 1152 •S2 - 1119

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ALUMINIUM(MAR) Trend Strategy

• Consolidate • Sell on high

Resistance

•R2 - 117.7 •R1 - 114.8

support

•S1 - 112.5 •S2 - 110.5

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