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Daily Newsletter Newsletter-Commodity 20/06/2011

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MARKET WRAP Gold rose nearly 1 percent on Friday Silver was up 0.8 percent at $35.78. Oil prices fell on Friday below 93$ Copper closed almost flat on Friday U.S. consumer sentiment worsened this month Gold rose nearly 1 percent on Friday, notching its biggest one-day gain in three weeks, as a sharp dollar drop amid an outline agreement to aid debt-burden Greece boosted investor appetite across the board. Gold accelerated gains after mixed U.S. data point to a wobbly economic recovery. U.S. consumer sentiment worsened more than forecast in June on continued economic pessimism. Oil prices fell on Friday, with U.S. crude slumping to a four-month low under $93 as a dimmer economic outlook and the European debt crisis drove crude to its biggest weekly loss since early May. Copper closed almost flat on Friday, after mixed data pointing to a shaky economic recovery in the United States limited gains from a weaker dollar.

ECONOMIC CALENDAR Date

Time

Currency

Economic Data

Mon Jun 20

5:20am

JPY

Trade Balance

11:30am

EUR

1:30pm All Day

Forecast Previous -0.54T

-0.50T

German PPI m/m

0.2%

1.0%

EUR

Current Account

-4.8B

-4.7B

EUR

ECOFIN Meetings

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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 - 22980 • R1 - 22730

Resistance

• R2 - 56200 • R1 - 54850

support

• S1 - 22480 • S2 - 22150

support

• S1 - 53250 • S2 - 51780

COPPER(JUNE) Trend Strategy

• Consolidate • Buy on dips

CRUDE(JULY) Trend Strategy

• Consolidate • Sell on high

Resistance

• R2 - 421 • R1 - 414

Resistance

• R2 - 4370 • R1 - 4290

support

• S1 - 403 • S2 - 395

support

• S1 - 4160 • S2 - 4050

NATURALGAS(JUNE) Trend Strategy

• Consolidate • Sell on high

LEAD(JUNE) Trend Strategy

• Consolidate • Sell on high

Resistance

•R2 - 209 •R1 - 201

Resistance

• R2 - 114.5 • R1 - 111.3

support

•S1 - 191 •S2 - 183

support

• S1 - 108.8 •S2 - 105.5

ZINC(JUNE) Trend Strategy

• Consolidate • Sell on high

NICKEL(JUNE JUNE) Trend Strategy

• Consolidate • Sell on high

Resistance

•R2 - 102.8 •R1 - 99.5

Resistance

•R2 - 1035 •R1 - 993

support

•S1 - 97.3 •S2 - 94.5

support

•S1 - 953 •S2 - 915

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ALUMINIUM(JUNE) Trend Strategy

• Consolidate • Sell on high

Resistance

•R2 - 116.8 •R1 - 114.5

support

•S1 - 112.3 •S2 - 109.5

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