- The document provides market cues and analysis for various commodities including gold, silver, crude oil, natural gas, and copper based on trading sessions in Asia, Europe and expected US economic reports and speeches. - For gold, support is at $1364 and resistance at $1351, with a break above potentially pushing prices to $1393. Silver broke above key resistance of $27 and support is now at $26.80 with resistance at $27.55. - Crude oil saw profit taking on Chinese rate hike speculation, with support at $84.40 and resistance at $86 that could push prices to $87.35. Natural gas traded in a range near key resistance of $4

1. Commodity Evening Session

2. • US Consumer Confidence (Nov) consensus value of 52.9
as against the forecasted value of 50.2.(15:00 GMT).
• US Chicago PMI (Nov) consensus value of 60.2 as against
the forecasted value of 60.5.(14:45 GMT).
• Euro Zone ECB Trichet's Speech is expected come at15:00
GMT.
• US Fed's Bernanke Speech is expected come at 20:00
GMT.
Market cues

3. Gold
• Gold witnessed good buying interest coming in
during the Asian and Europe trading session as the
gold has given a trend line breakout in the
technical charts.
• Intraday support for the market lies at the $1364
levels.
• $1351 will act as good intraday resistance levels
for the commodity. A successful break out from
this level could see the prices retesting the $1393
levels on the upside.
• RSI reading is at 54 levels.

4. Silver
• Silver witnessed buying coming in as prices
broke the key resistance levels of $27 during
yesterday’s COMEX trading session.
• $26.80 will act as a good support level for
intraday trading. A successful break down from
this level could see the prices testing the
$26.39 levels on the downside.
• $27.55 will be acting as a good resistance for
the prices on the upside.
• RSI reading is at the 58 levels currently.

5. Crude oil
• Crude oil witnessed some profit booking coming
during the Asian and European trading session on
the Chinese Interest rate hike speculation.
• $84.40 will be acting as a good support level for
the prices during NYMEX trading session in the
evening.
• Prices have immediate resistance at the $86 levels
and a successful breakout could see the prices
testing the $87.35 level on the upside.
• RSI reading is at the 55 levels.

6. Natural gas
• Natural gas witnessed some range bound trading
as the prices witnessed sell off from key resistance
levels of $4.50 during the yesterday’s NYMEX
trading session.
• Prices have immediate resistance at the $4.26
levels. A successful break out with volumes could
see the prices testing the next key resistance level
of $4.40 on the upside.
• If $4.20 levels are broken on the downside prices
will have support coming in at the $4.09 levels.
• RSI reading is at the 47 levels.

7. Copper
• Copper witnessed some buying coming during Asian
and European trading session and continued to hover
around the key resistance level of $381.
• $381 levels will be acting as a good resistance level on
the upside for intraday trading during COMEX trading
session which was incidentally 40 DMA resistance also.
A successful breakout from this level could see the
prices retesting the $391 levels on the upside.
• $374 will be acting as a good support level for the
prices on the downside.
• RSI reading is at the 48 levels.