JS Global Capital Limited

July 05, 2010

Commodities Market

Gold Commodities Market: Technical Outlook

Current Price Short Term: Buy, Target 1215.76$-1222.48$ Stoploss 1205.38$-1204.30$
1213.98$
Mid Term : Sell, Target 1206.78$-1196.96$ Stoploss 1226.42$-1227.50$
(per ounce)
Long Term: Sell, Target 1196.31$-1179.14$ Stoploss 1244.56$-1245.70$

S3 S2 S1 PIVOT R1 R2 R3
Sideways to, 1184.08 $ 1195.51 $ 1205.31 $ 1206.86 $ 1215.78 $ 1223.97 $ 1235.76 $
Bearish

Spot Gold:

Open:
1196.96$

High:
1213.23$

Low:
1196.31$

Close:
1211.04$

Market Range:
16.92$
7-DRSI 14-DRSI 14-DMA 50-DMA 100-DMA 200-DMA
37.45 % 1195.51 % 1238.71 $ 1221.50 $ 1177.48 $ 1149.25 $

New York gold futures closed higher due to short covering on Friday as it
consolidated some of Thursday's decline. The high-range close sets the stage
for a steady to higher opening on Tuesday. Stochastics and the RSI remain
bearish signaling that sideways to lower prices are possible near-term. If
August extends this week's decline, the reaction low crossing at 1168.00 is
the next downside target. First resistance is the 10-day moving average
crossing at 1236.30. Second resistance is Wednesday's high crossing at
1248.80. First support is Thursday's low crossing at 1198.20. Second support
is the reaction low crossing at 1168.00.
Syed Abbas Ali
abbas.ali@js.com
92 (21) 111-574-111 Ext. 3193

Disclaimer:
This report has been prepared for information purposes by the Commodities Department of JS Global Capital Limited. The information and data on
which this report is based are obtained from sources which we believe to be reliable but we do not guarantee that it is accurate or complete. In
particular, the report takes no account of the investment objectives, financial situation and particular needs of investors who should seek further
professional advice or rely upon their own judgment and acumen before making any investment. This report should also not be considered as a
reflection on the concerned company’s management and its performances or ability, or appreciation or criticism, as to the affairs or operations of
such company or institution. Warning: This report may not be reproduced, distributed or published by any person for any purpose whatsoever. Action
will be taken for unauthorized reproduction, distribution or publication.
July 05, 2010 JS Global Capital Limited
Current Price Short Term: Sell, Target 17.730$-17.620$ Stoploss 17.930$-17.950$
17.870$
Mid Term : Sell, Target 17.690$-17.380$ Stoploss 17.970$-18.010$
(per ounce)
Long Term: Sell, Target 17.360$-16.950$ Stoploss 18.770$-18.880$
Silver
S3 S2 S1 PIVOT R1 R2 R3

Bearish 17.180 $ 17.380 $ 17.700 $ 17.840 $ 18.020 $ 18.350 $ 18.690 $

Spot Silver:

Open:
17.800$

High:
18.100$

Low:
17.620$

Close:
17.820$ 7-DRSI 14-DRSI 14-DMA 50-DMA 100-DMA 200-DMA

Market Range: 29.61 % 39.75 % 18.670 $ 18.440 $ 18.070 $ 17.680 $

0.480$
New York silver futures closed slightly higher due to short covering on Friday
as it consolidated some of Thursday's decline. The low-range close sets the
stage for a steady to lower opening on Tuesday. Stochastics and the RSI
remain bearish signaling that additional weakness is possible near-term. If
September extends Thursday's decline, June's low crossing at 17.230 is the
next downside target. Closes above the 10-day moving average crossing at
18.592 are needed to confirm that a low has been posted. First resistance is
the 10-day moving average crossing at 18.592. Second resistance is
Monday's high crossing at 19.270. First support is today's low crossing at
17.635. Second support is this month's low crossing at 17.230.
July 05, 2010 JS Global Capital Limited
Current Price Short Term: Sell, Target 71.77$-71.40$ Stoploss 72.76$-72.86$
72.50$
Mid Term : Sell, Target 71.38$-70.05$ Stoploss 72.80$-72.90$
(per barrel)
Long Term: Sell, Target 70.92$-69.56$ Stoploss 77.97$-78.15$
Crude Oil S3 S2 S1 PIVOT R1 R2 R3
69.83 $ 70.90 $ 71.65 $ 72.41 $ 73.03 $ 74.10 $ 75.00 $
Bearish

Crude Oil:

Open:
72.74$

High:
73.35$

Low:
71.61$

Close:
72.28$ 7-DRSI 14-DRSI 14-DMA 50-DMA 100-DMA 200-DMA

Market Range: 30.53 % 40.72 % 76.46 $ 75.67 $ 78.69 $ 77.34 $

1.74$
New York crude oil closed lower on Friday and posted a new three-week low
as it extends this week's decline. The mid-range close sets the stage for a
steady to lower opening on Tuesday. Stochastics and the RSI remain bearish
signaling that sideways to lower prices are possible near-term. If August
extends this week's decline, the reaction low crossing at 70.93 is the next
downside target. Closes above the 10-day moving average crossing at 76.31
would confirm that a short-term low has been posted. First resistance is the
20-day moving average crossing at 76.28. Second resistance is the 10-day
moving average crossing at 76.31. First support is today's low crossing at
71.62. Second support is the reaction low crossing at 70.93.
July 05, 2010 JS Global Capital Limited

Today’s Economic Calendar

SNO TIME COUNTRY IMPACT EVENT FORECAST PREVIOUS

1 4:30am AUD Medium AIG Services Index 47.5

2 5:30am AUD Low MI Inflation Expectations 0.5%

3 6:30am AUD High ANZ Job Advertisements m/m 4.3%

4 12:15pm CHF High Retail Sales y/y 2.7% 1.3%

5 1:00pm EUR Low Final Services PMI 55.4 55.4

6 1:30pm EUR Low Sentix Investor Confidence -4.5 -4.1

7 1:30pm GBP High Services PMI 55.1 55.4

8 2:00pm EUR Medium Retail Sales m/m 0.1% -1.5%

9 All Day USD US Bank Holiday