Daily Newsletter Newsletter-Commodity 19/07/2011
www.capitalheight.com
info@capitalheight.com Phone- (0731)4295950
MARKET WRAP Gold makes a new all time high of $1607.37 Silver makes a fresh 2 month high of $ 40.94 Copper extend gains on soft dollar London copper rose above $9,700 a tonne Oil prices advanced on drop in US stockpiles The dollar softened versus the Euro and a basket of currencies Bullions ended up on Friday as European banks stress came disappointing while U.S consumer sentiment added fuel in precious metals. Gold set a new record high of $1607.37 and ended on a strong note at $1606.63. U.S oil rose above $96 a barrel on Tuesday as an expected drop in U.S. crude stocks helped offset pressure from debt fears in Europe and the United States. Silver gained 2.2 percent to $39.23 an ounce, near a two-month high of $39.36 set on Thursday. .
ECONOMIC CALENDAR Date
Time
Currency
Economic Data
Forecast Previous
Mon July 18
2:30pm
EUR
German ZEW Economic Sentiment
-11.8
-9.0
2:30pm
EUR
Zew Economic Sentiment
-7.4
-5.9
6:00pm
USD
Building Permits
0.61M
0.61M
6:00pm
USD
Housing Starts
0.58M
0.56M
www.capitalheight.com
info@capitalheight.com PhonePhone (0731)4295950
TECHNICAL VIEW GOLD(AUG) Trend Strategy
• Bullish • Buy on dips
SILVER(SEP) Trend Strategy
• Bullish • Buy on dips
Resistance
• R2 -24000 • R1 -23500
Resistance
• R2 - 62850 • R1 - 61500
support
• S1 - 23080 • S2 - 22850
support
• S1 - 58700 • S2 - 57050
COPPER(JULY) Trend Strategy
• Consolidate • Buy on dips
CRUDE(AUG) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 448 • R1 - 442
Resistance
• R2 - 4415 • R1 - 4300
support
• S1 - 427 • S2 - 422
support
• S1 - 4170 • S2 - 4060
NATURAL GAS(JULY) Trend Strategy
• Consolidate • Buy on dips
LEAD(JULY) Trend Strategy
Resistance
•R2 - 212 •R1 - 207
Resistance
support
•S1 - 198 •S2 - 193
support
ZINC(JULY) Trend Strategy
• Consolidate • Buy on dips
• Consolidate • Buy on dips • R2 - 127 • R1 - 124 • S1 - 117.5 •S2 - 114.5
NICKEL(JULY JULY) Trend Strategy
• Consolidate • Sell on high
Resistance
•R2 - 111.9 •R1 - 108.9
Resistance
•R2 - 1125 •R1 - 1090
support
•S1 - 105.5 •S2 - 102.5
support
•S1 - 1027 •S2 - 1005
www.capitalheight.com
info@capitalheight.com PhonePhone (0731)4295950
ALUMINIUM(JULY) Trend Strategy Resistance support
• Consolidate • Sell on high •R2 - 113.8 •R1 - 111.9 •S1 - 109 •S2 - 107
Disclaimer The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits sui them the most. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. This material is for personal information and based upon it & takes no responsibility The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made made investment advice. Capitalheight recommends that investors independently evaluate particular particul investments and strategies, and encourages investors to seek the advice of a financial adviser. Capitalheight shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations of MCX and NCDEX. The metals price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to Capitalheight Capitalhei might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone a can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer. All Rights Reserved. Investment in Commodity and equity market has its own risks. We, however, do not vouch for the accuracy or the com completeness thereof. we are not responsible for any loss incurred whatsoever for any financial profits or loss which may arise from the recommendations above. Capitalheight does not purport to be an invitation or an offer to buy or sell any financia financial instrument. Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Ser Serious Legal Actions can be taken.
www.capitalheight.com