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Daily Newsletter

Newsletter-Commodity
05/01/2011

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MARKET WRAP
U.S. crude oil futures prices fell $2 on Tuesday
U.S. copper futures shed nearly 2 percent
Gold tumbles nearly 2 pct
Silver falls sharply from record high
Euro fell against the dollar early in the day

U.S. copper futures shed nearly 2 percent of their value Tuesday morning, extending a
retreat from the previous session's record peak . Gold tumbled more than 2 percent on
Tuesday and was on track for its biggest one-day loss since early November as the
dollar rose and investors opted for assets seen as higher risk. U.S. crude oil futures
prices fell $2 on Tuesday in volatile trading after briefly paring losses on news that U.S.
factory orders rose in November.

ECONOMIC CALENDAR
Date Time Currency Economic Data Forecast Previous

Wed 12:30am USD FOMC Meeting Minutes


Jan 5
2:30pm EUR Final Services PMI 53.7 53.7
3:30pm EUR Industrial New Orders m/m 1.3% -4.2%
3:30pm EUR PPI m/m 0.3% 0.4%
6:00pm USD Challenger Job Cuts y/y -3.3%
6:45pm USD ADP Non-Farm Employment 101K 93K
Change
8:30pm USD ISM Non-Manufacturing PMI 55.6 55.0
9:00pm USD Crude Oil Inventories -1.4M -1.3M

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TECHNICAL VIEW
GOLD(FEB) SILVER(MAR
MAR)

Trend • Consolidate Trend • Bullish


• Buy on dips Strategy • Buy on dips
Strategy
• R2 -20890 • R2 - 46900
Resistance Resistance
• R1 -20680 • R1 - 46100
• S1 -20450 • S1 - 45150
support support
• S2 -20130 • S2 - 44250

COPPER(FEB) CRUDE(JAN))

Trend • Bullish Trend • Consolidate


Strategy • Buy on dips • Buy on dips
Strategy
• R2 - 456 • R2 - 4160
Resistance Resistance
• R1 - 447 • R1 - 4090
• S1 - 438 • S1 - 4020
support support
• S2 - 431 • S2 - 3950

NATURALGAS(JAN) LEAD(JAN)

Trend • Consolidate Trend • Consolidate


Strategy • Sell on high Strategy • Buy on dips
•R2 - 221 • R2 - 120.3
Resistance Resistance
•R1 - 213 • R1 - 117.3
•S1 - 205 • S1 - 114.5
support support
•S2 - 197 •S2 - 111.8

ZINC(JAN) NICKEL(JAN)
NICKEL(JAN

Trend • Consolidate Trend • Consolidate


Strategy • Buy on dips Strategy • Buy on dips
•R2 - 114.7 •R2 - 1175
Resistance Resistance
•R1 - 112.4 •R1 - 1147
•S1 - 109.8 •S1 - 1119
support support
•S2 - 106.5 •S2 - 1085

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ALUMINIUM(JAN)

Trend • Consolidate
Strategy • Buy on dips
•R2 - 114.8
Resistance
•R1 - 112.7
•S1 - 110.3
support
•S2 - 107.7

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