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Daily Newsletter Newsletter-Commodity 06/04/2011

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MARKET WRAP Gold rises to record above $1,450 on inflation fears Silver hits 31-year peaks Copper rose on Tuesday on prospects for improved demand in Asia Copper in LME warehouses at highest since July Oil prices rose to 2-1/2 year highs Lead hits new multi week high

Gold prices rose to an all-time highs above $1,450 an ounce on Tuesday, as new peaks in crude oil and grains fueled inflation fears and a downgrade of Portugal's credit rating fed safe-haven demand. Silver has outperformed gold in recent months, rising 22 percent in the first quarter compared with gold's 0.7 percent. Copper rose on Tuesday on prospects for improved demand in Asia, recovering from losses earlier in the day after China announced an interest rate hike. Oil prices rose to fresh 2-1/2 year highs on Tuesday, with Brent crude topping $122 a barrel as unrest in oil exporting countries in the Middle East and Africa outweighed China's fourth interest rate hike since October.

ECONOMIC CALENDAR Date

Time

Currency

Economic Data

Forecast Previous

Wed 2:30pm Apr 6 3:30pm

EUR

Final GDP q/q

0.3%

0.3%

EUR

German Factory Orders m/m

0.6%

2.9%

8:00pm

USD

Crude Oil Inventories

1.3M

2.9M

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TECHNICAL VIEW GOLD(JUNE) Trend Strategy

• Consolidate • Buy on dips

SILVER(MAY MAY) Trend Strategy

• Bullish • Buy on dips

Resistance

• R2 -21450 • R1 -20270

Resistance

• R2 - 58800 • R1 - 57950

support

• S1 -21030 • S2 -20750

support

• S1 - 56750 • S2 - 55600

COPPER(APR) Trend Strategy

• Consolidate • Sell on high

CRUDE(APR)) Trend Strategy

• Consolidate • Buy on dips

Resistance

• R2 - 434 • R1 - 425

Resistance

• R2 - 4945 • R1 - 4860

support

• S1 - 413 • S2 - 405

support

• S1 - 4750 • S2 - 4670

NATURALGAS(APR) Trend Strategy

• Consolidate • Sell on high

LEAD(APR)) Trend Strategy

• Consolidate • Buy on dips

Resistance

•R2 - 207 •R1 - 198

Resistance

• R2 - 128.5 • R1 - 125.8

support

•S1 - 189 •S2 - 181

support

• S1 - 122.7 •S2 - 119.5

ZINC(APR) Trend Strategy

• Consolidate • Buy on dips

NICKEL(APR R) Trend Strategy

• Consolidate • Sell on high

Resistance

•R2 - 112.5 •R1 - 109.2

Resistance

•R2 - 1197 •R1 - 1163

support

•S1 - 105.5 •S2 - 102.3

support

•S1 - 1118 •S2 - 1082

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info@capitalheight.com Phone- (0731)4295950

ALUMINIUM(APR) Trend Strategy

• Consolidate • Buy on dips

Resistance

•R2 - 120.5 •R1 - 117.8

support

•S1 - 115.3 •S2 - 113.5

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