Daily Newsletter Newsletter-Commodity 28/04/2011
www.capitalheight.com
info@capitalheight.com Phone- (0731)4295950
MARKET WRAP Gold rallies ahead of Fed; silver recoups some losses Oil holds gains after Fed statement Copper inventories rise to 10-month high Copper cuts losses on U.S. data Fed keep interest rate near zero
Crude oil prices held gains in choppy trading on Wednesday after the Federal Reserve said it will keep U.S. interest rate at exceptionally low levels, a sign the central bank is in no hurry to tighten monetary policy. Gold rose for a second day on Wednesday, profiting from a weaker dollar, which came under pressure ahead of a U.S. Federal Reserve interest rate decision, while silver pared some of the previous day's slide.
ECONOMIC CALENDAR Date
Time
Currency
Economic Data
Forecast Previous
Thu 11:30am Apr 28 12:15pm
EUR
German Import Prices m/m
1.0%
1.1%
EUR
French Consumer Spending m/m
0.3%
0.9%
1:25pm
EUR
German Unemployment Change
-33K
-55K
6:00pm
USD
Advance GDP q/q
1.9%
3.1%
6:00pm
USD
Unemployment Claims
392K
403K
6:00pm
USD
Advance GDP Price Index q/q
2.2%
0.4%
6:00pm
USD
FOMC Member Duke Speaks
7:30pm
USD
Pending Home Sales m/m
1.6%
2.1%
8:00pm
USD
Natural Gas Storage
38B
47B
www.capitalheight.com
info@capitalheight.com Phone- (0731)4295950
TECHNICAL VIEW GOLD(JUNE) Trend Strategy
• Bullish • Buy on dips
SILVER(MAY MAY) Trend Strategy
• Bullish • Buy on dips
Resistance
• R2 -22380 • R1 -22170
Resistance
• R2 - 69900 • R1 - 68750
support
• S1 -21930 • S2 -21750
support
• S1 - 66850 • S2 - 65650
COPPER(APR) Trend Strategy
• Consolidate • Buy on dips
CRUDE(MAY MAY) Trend Strategy
• Bullish • Buy on dips
Resistance
• R2 - 435 • R1 - 423
Resistance
• R2 - 5170 • R1 - 5090
support
• S1 - 411 • S2 - 402
support
• S1 - 4955 • S2 - 4880
NATURALGAS(MAY)) Trend Strategy
• Consolidate • Sell on high
LEAD(APR)) Trend Strategy
• Consolidate • Buy on dips
Resistance
•R2 - 213 •R1 - 206
Resistance
• R2 - 118.5 • R1 - 115.7
support
•S1 - 193 •S2 - 185
support
• S1 - 112.2 •S2 - 108.5
ZINC(APR) Trend Strategy
• Consolidate • Sell on high
NICKEL(APR R) Trend Strategy
• Consolidate • Buy on dips
Resistance
•R2 - 103.8 •R1 - 101.5
Resistance
•R2 - 1217 •R1 - 1197
support
•S1 - 97.7 •S2 - 94.5
support
•S1 - 1153 •S2 - 1118
www.capitalheight.com
info@capitalheight.com Phone- (0731)4295950
ALUMINIUM(APR) Trend Strategy
• Consolidate • Buy on dips
Resistance
•R2 - 125.7 •R1 - 122.8
support
•S1 - 120.3 •S2 - 118.5
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 ar 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 rule 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