Trading Ideas for

December 22, 20112 DGCX GOLD FUTURES

Prices continued to rally on the upside to achieve the upside target of 1640 and made a high of 1643.70 before correcting sharply to close at 1613.60. On the downside 1600 and 1585 are crucial levels to watch for and if prices can take support at those levels it can bounce back to 1635. The resistance levels are at 1620 and 1635.

Trend: Sideways 1585 - 1635

DGCX WTI Crude Futures

Prices continued to rally on the upside making a high of 99.25 before closing at 98.67. As long as prices hold above 96 it should achieve targets of 99.70 and 101. The support levels are at 98.25, 97.30 and 96 while the resistance levels are at 99.70 and 101.

Trend: Bullish above 96 up to 99.70 & 101

GBP

Prices continued the upward rally to make a high of 157.61 before correcting sharply to close at 156.56. As suspected, prices are facing selling pressure at 157.50 158 zone and traders should now trade in a range and wait for the prices to settle down. The support levels are at 156.05 and 155.50 while the resistance levels are at 157.30 and 158.

Trend: Sideways to bearish 155.50 - 158 EURO

Prices achieve the target on upside and corrected sharply to make a low of 130.38 before closing at 130.57. Traders should trade in range till a trend emerges. The support levels are at 129.90 and 129.20 while the resistance levels are at 131 and 131.80.

Trend: Sideways to bearish 129.20 131.80

DINR

Prices continued the upward rally to make a high of 190.36 but corrected sharply from that level to make a low of 188.80 and closed at 189.30. Prices are having selling pressure near the 190.50 levels and traders should trade in a range with downward bias till a trend emerges. The support levels are at 188.60 and 187.90 while the resistance levels are at 189.50 and 190.30.

Trend: Sideways to bearish 188.50 190.50

Support and resistance for various commodities traded in DGCX are tabled below

Commodity Gold Crude GBP EUR JPY AUD CAD CHF SILVER INR

R4 1,693.67 103.14 159.38 134.78 130.14 103.50 99.13 110.79 3,168.97 192.61

Resistance Levels R3 R2 1,671.63 102.13 158.60 133.61 129.63 102.48 98.59 109.77 3,100.93 191.73 1,657.67 100.69 158.11 132.92 129.33 101.83 98.18 109.08 3,060.97 191.05

R1 1,635.63 99.68 157.33 131.75 128.82 100.81 97.64 108.06 2,992.93 190.17

Pivot 1,621.67 98.24 156.84 131.06 128.52 100.16 97.23 107.37 2,952.97 189.49

S1 1,599.63 97.23 156.06 129.89 128.01 99.14 96.69 106.35 2,884.93 188.61

Support Levels S2 S3 1,585.67 95.79 155.57 129.20 127.71 98.49 96.28 105.66 2,844.97 187.93 1,563.63 94.78 154.79 128.03 127.20 97.47 95.74 104.64 2,776.93 187.05

S4 1,549.67 93.34 154.30 127.34 126.90 96.82 95.33 103.95 2,736.97 186.37

Financial Calendar for the day

Time 13:30 13:30 13:30 17:30 17:30 17:30 17:30 17:30 17:30 17:30 18:55 18:55 19:00

Location United Kingdom United Kingdom United Kingdom United States United States United States United States United States United States United States United States United States United States

Indicator Current Account GDP Q3 q/q GDP Q3 yy Corporate Profits GDP Q3 q/q Core PCE Q3 Jobless Claims Jobless 4-week Average Jobless continuous claims National Activity Index Michigan Sentiment Preliminary Michigan - Expectations Preliminary House Price y/y

Period Qtr3 Qtr3 Qtr3 Qtr3 Qtr3 Qtr3 w/e w/e w/e November December December October

Unit Forecast Previous % % % % % % k k Mln 2 0.5 0.5 2 2 375 3.6 68 61.1 % -2.2 2 0.5 0.5 3 2 2 366 387.75 3.603 -0.13

Happy Trading

Sudhan K (050 7251418)

Dubai International Securities LLC, A member of Al Rostamani Group of Companies, Licensed Member DFM, ADSM and DGCX. PO Box 32555, Dubai. Contact us : 04 609 82 40 Dealing Room: Fax 04 396 53 52: Email - dgcx@alrostamanigroup.ae Mr. Manish 050 745 78 37: Mr. Kapadia 050 529 19 89 Mr. Vinod 050 503 11 62 TDisclaimer: There is risk of loss in all commodities & Currencies trading. Please consult your financial planner/advisor before you trade/invest. Losses can exceed your account size and/or increase margin requirements. Commodities & Currencies trading can be extremely risky and is not suitable for everyone. Some option strategies have unlimited risk. Please educate yourself on the risks and rewards of such investment prior to trading. Dubai International Securities LLC (DIS), or anyone associated with DIS, does not guarantee profits or pre-determined loss points, and cannot be held monetarily or otherwise responsible for any losses investors may suffer on account of acting on the basis of the above information. The views and information expressed are of the author and neither endorsed by DIS nor DGCX. Our clients, DIS and the author may hold trading positions in the instruments discussed. Past results are by no means indicative of potential future performance. Information provided is compiled from sources DIS has no control or supervision over are only being provided to the client for the clients information only. DIS is not a consultant and does not provide any recommendation that the client should rely on. DIS does not guarantee the accuracy of the mentioned information and assumes no responsibility whatsoever for any errors or omissions as the information may not be complete or may be made irrelevant by the subsequent market action/development. Any copy, reprint, broadcast or distribution of this newsletter of any kind is prohibited without the express written consent of the author and legal actions may be taken to cover any damage resulting from the breach of any intellectual property rights related to the information mentioned in this newsletter.