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Daily Newsletter Newsletter-Commodity 01/07/2011

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MARKET WRAP Gold falls after Greek win The dollar lost nearly quarter of a percent Copper rallies on relief over Greece U.S. and Brent crude futures turned higher Gold fell on Thursday, although still heading for an 11th consecutive quarterly gain, as growing investor confidence that Greece would avoid a debt default dented perceived safe-haven assets. Copper rallied to its highest in two months on Thursday, boosted by renewed risk appetite that stemmed from the safe passage of Greece's austerity plan, as well as positioning ahead of the end of the first half.

ECONOMIC CALENDAR Date

Time

Currency

Economic Data

Forecast Previous

Fri Jul 1

1:30pm

EUR

Final Manufacturing PMI

52.0

52.0

1:30pm

EUR

Italian Monthly Unemployment Rate

8.1%

8.1%

1:30pm

EUR

Italian Quarterly Unemployment Rate

8.4%

8.5%

2:30pm

EUR

Unemployment Rate

9.9%

9.9%

7:25pm

USD

Revised UoM Consumer Sentiment

72.0

71.8

7:25pm

USD

Revised UoM Inflation Expectations

7:30pm

USD

ISM Manufacturing PMI

51.9

53.5

7:30pm

USD

Construction Spending m/m

0.1%

0.4%

7:30pm

USD

ISM Manufacturing Prices

72.3

76.5

All Day

USD

Total Vehicle Sales

12.0M

11.8M

4.0%

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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 - 22370 • R1 - 22120

Resistance

• R2 - 54800 • R1 - 52750

support

• S1 - 21870 • S2 - 21650

support

• S1 - 50480 • S2 - 49300

COPPER(AUG)) Trend Strategy

• Consolidate • Buy on dips

CRUDE(JULY JULY) Trend Strategy

• Consolidate • Sell on high

Resistance

• R2 - 433 • R1 - 425

Resistance

• R2 - 4370 • R1 - 4290

support

• S1 - 413 • S2 - 405

support

• S1 - 4170 • S2 - 4090

NATURALGAS(JULY JULY) Trend Strategy

• Consolidate • Sell on high

LEAD(JULY JULY) Trend Strategy

• Consolidate • Buy on dips

Resistance

•R2 - 207 •R1 - 201

Resistance

• R2 - 122.5 • R1 - 119.3

support

•S1 - 191 •S2 - 185

support

• S1 - 116.8 •S2 - 113.5

ZINC(JULY) Trend Strategy

• Consolidate • Buy on dips

NICKEL(JULY) Trend Strategy

• Consolidate • Sell on high

Resistance

•R2 - 108.5 •R1 - 105.8

Resistance

•R2 - 1105 •R1 - 1073

support

•S1 - 102.9 •S2 - 100.3

support

•S1 - 1028 •S2 - 993

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info@capitalheight.com PhonePhone (0731)4295950

ALUMINIUM(JUNE JUNE) Trend Strategy

• Consolidate • Sell on high

Resistance

•R2 - 116.8 •R1 - 113.5

support

•S1 - 110.3 •S2 - 108.5

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