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Daily Newsletter Newsletter-Commodity 15/04/2011

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MARKET WRAP Gold rose 1 percent and silver surged on Thursday Copper softer on China inflation worries, Copper warehouse inventories rise U.S. weekly initial jobless claims rise unexpectedly U.S. crude oil futures rose on Thursday

U.S. crude oil futures rose on Thursday after a Sunoco refinery fire in Philadelphia added to concerns about U.S. gasoline supplies. Gold rose 1 percent and silver surged on Thursday, as a combination of dollar weakness. Silver jumped 1.5 percent toward 31-year highs on strong investment buying. Copper fell to its lowest in more than a week on Thursday, as reports of quickening inflation in top consumer China pointed to more monetary tightening.

ECONOMIC CALENDAR Date

Time

Currency

Economic Data

Forecast Previous

Fri Apr 15

6:00pm

USD

Core CPI m/m

0.2%

0.2%

6:00pm

USD

CPI m/m

0.5%

0.5%

6:00pm

USD

Empire State Manufacturing Index

17.1

17.5

6:30pm

USD

TIC Long-Term Purchases

59.4B

51.5B

6:45pm

USD

Capacity Utilization Rate

77.5%

77.0%

6:45pm

USD

Industrial Production m/m

0.5%

0.0%

7:25pm

USD

Prelim UoM Consumer Sentiment

68.7

67.5

7:25pm

USD

Prelim UoM Inflation Expectations

All Day

ALL

G20 Meetings

4.6%

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TECHNICAL VIEW GOLD(JUNE) Trend Strategy

• Bullish • Buy on dips

SILVER(MAY MAY) Trend Strategy

• Bullish • Buy on dips

Resistance

• R2 -21840 • R1 -21590

Resistance

• R2 - 63450 • R1 - 62250

support

• S1 -21230 • S2 -20950

support

• S1 - 61150 • S2 - 60200

COPPER(APR) Trend Strategy

• Consolidate • Buy on dips

CRUDE(APR)) Trend Strategy

• Bullish • Buy on dips

Resistance

• R2 - 438 • R1 - 429

Resistance

• R2 - 4950 • R1 - 4865

support

• S1 - 416 • S2 - 408

support

• S1 - 4755 • S2 - 4670

NATURALGAS(APR) Trend Strategy

• Consolidate • Sell on high

LEAD(APR)) Trend Strategy

• Consolidate • Buy on dips

Resistance

•R2 - 202 •R1 - 193

Resistance

• R2 - 123.5 • R1 - 120.8

support

•S1 - 183 •S2 - 174

support

• S1 - 116.8 •S2 - 113.5

ZINC(APR) Trend Strategy

• Consolidate • Buy on dips

NICKEL(APR R) Trend Strategy

• Consolidate • Sell on high

Resistance

•R2 - 112.2 •R1 - 109.5

Resistance

•R2 - 1215 •R1 - 1183

support

•S1 - 105.8 •S2 - 103.5

support

•S1 - 1148 •S2 - 1119

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ALUMINIUM(APR) Trend Strategy

• Consolidate • Buy on dips

Resistance

•R2 - 121.5 •R1 - 118.3

support

•S1 - 116.1 •S2 - 112.8

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