Daily Commodity Report By www.capitalheight.com

Gold steadied near two-week highs on Wednesday and was set for its second successive weekly gain, thanks to a modest decline in the dollar that may sharpen investor appetite for the metal.

Indore, India (prHWY.com) July 5, 2012 - MARKET WRAP FOR COMMODITY
* Gold holds near two-week highs
* Silver was last down 0.3 percent at $28.11 an ounce.
* Copper slid on Wednesday from a 7-week peak
* ECB expected to cut interest rate by 25 basis point
Gold steadied near two-week highs on Wednesday and was set for its second successive weekly gain, thanks to a modest decline in the dollar that may sharpen investor appetite for the metal, although a U.S. public holiday is likely to temper any gains. Copper slid on Wednesday from a 7-week peak hit the previous session as the dollar rose and investors locked in recent gains ahead of expected stimulus from central banks to revive a faltering global economy that has dented demand for metals.

TECHNICAL VIEW
GOLD VIEW
TREND - CONSOLIDATE
STRATEGY- BUY ON DIPS
RES1-29850
RES2-30250
SUP1-29430
SUP2-29180
SILVER VIEW
TREND - CONSOLIDATE
STRATEGY-SELL ON HIGH
RES1-54850
RES2- 55750
SUP1-52750
SUP2-51500
COPPER VIEW
TREND- CONSOLIDATE
STRATEGY-BUY ON DIPS
RES1-433
RES2-441
SUP1-419
SUP2-411
CRUDE VIEW
TREND- CONSOLIDATE
STRATEGY-BUY ON DIPS
RES1-4815
RES2-4890
SUP1-4690
SUP2-4580
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