Daily Commodity Report By CapitalHeight by CapitalHeightIndore1


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									Daily Newsletter-Commodity

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                        MARKET WRAP
         Copper falls as weak Europe, China data raises demand fears
         Gold up after U.S. employment data and despite oil drop
         Crude oil prices fell sharply on Wednesday

Gold edged up on Wednesday, defying a crude oil tumble as encouraging U.S.
employment and service-sector data bolstered bullion's investment appeal as an inflation
hedge. Crude oil prices fell sharply on Wednesday as weak economic data from Europe
and China dimmed the outlook for demand, adding to concerns arising from Europe's
festering debt crisis. Copper slipped on Wednesday, snapping four days of gains, as
weak data from Europe and China reinforced concerns about the outlook for industrial
metal demand despite recent efforts by central banks to stimulate economic growth.

                   ECONOMIC CALENDAR
 Date      Time      Currency            Economic Data              Forecast Previous

Thu      Tentative     EUR      French 10-y Bond Auction                         2.21|2.1
Oct 4
          5:00pm       USD      Challenger Job Cuts y/y                          -36.9%
          5:15pm       EUR      Minimum Bid Rate                       0.75%      0.75%
          6:00pm       EUR      ECB Press Conference
          6:00pm       USD      Unemployment Claims                    371K          359K
          7:30pm       USD      Factory Orders m/m                     -5.9%         2.8%
          8:00pm       USD      Natural Gas Storage                    72B           80B
         11:30pm       USD      FOMC Meeting Minutes

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                    TECHNICAL VIEW
             GOLD(DEC)                         SILVER(DEC)

  Trend         • Bullish          Trend          • Bullish
                • Buy on dips     Strategy        • Buy on dips
                • R2 - 31930                      • R2 - 65800
Resistance                        Resistance
                • R1 - 31650                      • R1 - 63750
                • S1 - 31180                      • S1 - 61370
 support                           support
                • S2 - 30850                      • S2 - 60250

             COPPER(NOV)                       CRUDE(OCT)

  Trend        • Consolidate       Trend         • Consolidate
Strategy       • Buy on dips                     • Sell on high
               • R2 - 457                        • R2 - 4855
Resistance                       Resistance
               • R1 - 449                        • R1 - 4780
               • S1 - 433                        • S1 - 4630
 support                          support
               • S2 - 421                        • S2 - 4550

          NATURALGAS(OCT)                       LEAD(OCT)

  Trend         • Consolidate      Trend          • Consolidate
 Strategy       • Buy on dips     Strategy        • Buy on dips
                •R2 - 193                         • R2 - 124.3
Resistance                        Resistance
                •R1 - 185                         • R1 - 121.5
                •S1 -174                          • S1 - 118.3
 support                           support
                •S2 -167                          •S2 - 115.5

             ZINC(OCT)                         NICKEL(OCT)

  Trend         • Consolidate      Trend          • Consolidate
 Strategy       • Sell on high    Strategy        • Buy on dips
                •R2 - 113.5                       •R2 - 1020
Resistance                       Resistance
                •R1 - 110.8                       •R1 - 995
                •S1 - 107.5                       •S1 - 955
 support                           support
                •S2 - 104.8                       •S2 - 908

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           Trend              • Consolidate
         Strategy             • Buy on dips
                              •R2 - 113.5
                              •R1 - 111.6
                              •S1 - 108.3
                              •S2 - 106.5

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