Weekly Commodity Tips By

Weekly Newsletter07/02/2011

Weekly Newsletter-Commodity

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Weekly Newsletter

Contents

Market Wrap

Technical Analysis

Gold ( Comex)

Silver ( Comex)

Crude ( Nymex)

Naturalgas ( Nymex)

Copper (Comex)

USD/INR



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MARKET WRAP

Gold still heads for first weekly gain this year

US jobs rose less than expected, unemployment rate down

Egypt's political situation in focus

Copper soars to new record on U.S. data boost

Oil falls on unfounded Egypt report

Gold ended up this week gaining $17.21 to end at $1348.90 posting its first weekly gain

of the year though it still lacks a crucial catalyst to drive prices. Gold edged up higher as

U.S non-farm employment claims came lower than expected at 36K & non-farm

productivity came higher at 2.6%. Holdings of the world’s largest gold backed ETF, New

York’s SPDR gold trust rose slightly to 1,299.277 tonnes vs. 1227.153 tonnes w/w.

Copper ended 4.13% up backed by healthier demand outlook in 2011 & made a record

high of $460.50 to settle at $457.25. Copper ended up as U.S manufacturing recorded

largest jobs gain since Aug 1998 while jobless claims came lower than expected at 415K.

LME 3 months copper made a record high of $10,100 and ended $120 up at $10,050

tonnes. The LME copper inventories fell by 325 tonnes to 394,150 tonnes.

Crude oil ended down this week at $88.88 and lost nearly 2% from its weekly high of

$92.83 on the back of profit booking due to weaker U.S non-farm employment change at

36K, modest recovery in dollar and speculation over Egyptian president stepping down.

Brent crude too fell from its peak of $102.48 to end below crucial level of $100 at $99.83.

Crude oil inventories w/w came at 2.6M vs. 2.5M as against expected at 2.5M.

TECHNICAL

WEEKLY PIVOT

SCRIPT R4 R3 R2

GOLD 1449 1414 1379

OUTLOOK

Trend:- Consolidate

Resistance:- 1363

Support:- 1338,131

Strategy:- Sell on high

ECHNICAL VIEW

GOLD

R2 R1 P S1 S2

1379 1364 1343 1328 1308

Consolidate

3,1385$

315$

Sell on high

GOLD WEEKLY



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S3 S4

1273 1237

WEEKLY PIVOT

SCRIPT R4 R3 R2

SILVER 33.89 32.14 30.39

OUTLOOK

Trend:- Consolidate

Resistance:- 29.40

Support:- 28.30,27.

Strategy:- Buy on dips

SILVER

R2 R1 P S1 S2

30.39 29.75 28.64 28.00 26.89

Consolidate

29.40,30.10$

27.90$

Buy on dips

SILVER WEEKLY



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S3 S4

25.14 23.39

WEEKLY PIVOT

SCRIPT R4 R3 R2

CRUDE 103.3 98.9 94.5

OUTLOOK

Trend:- Consolidate

Resistance:- 92.20

Support:- 87.10,8


CRUDE

R2 R1 P S1 S2

94.5 91.7 90.1 87.3 85.6

Consolidate

0,98.90$

83.40$

Buy on dips

CRUDE WEEKLY



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S3 S4

81.2 76.8

WEEKLY PIVOT

SCRIPT R4 R3 R2

NG 4.98 4.77 4.56

OUTLOOK

Trend:- Consolidate

Resistance:- 4.480,

Support:- 4.150,3.860

Strategy:- Sell on high

NATURALGAS

R2 R1 P S1 S2

4.56 4.43 4.35 4.22 4.14

Consolidate

4.480,4.990$

3.860$

Sell on high

NATURALGAS WEEKLY



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S3 S4

3.94 3.73

WEEKLY PIVOT

SCRIPT R4 R3

COPPER 518.8 496.5 474.3

OUTLOOK

Trend:- Bullish

Resistance:- 466,485

Support:- 443,429


COPPER

R2 R1 P S1 S2

474.3 465.8 452.0 443.5 429.8

466,485

9

Buy on dips

COPPER WEEKLY



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S3 S4

407.5 385.3

WEEKLY PIVOT

SCRIPT R4 R3 R2

INR 47.57 46.93 46.29

OUTLOOK

Trend:- Consolidate

Resistance:- 46.25,47.10

Support:- 45.40,44.


USD/INR

R2 R1 P S1 S2

46.29 45.92 45.65 45.28 45.01

Consolidate

46.25,47.10

44.70

Buy on dips

USD/INR WEEKLY



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S3 S4

44.37 43.73



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