Daily Newsletter Newsletter-Commodity 29/04/2011
www.capitalheight.com
info@capitalheight.com Phone- (0731)4295950
MARKET WRAP Copper trims gains after U.S. GDP U.S. first-quarter growth slows to 1.8 pct U.S. jobless claims unexpectedly rise Aluminium at almost 3-year highs Silver hits record near $50, first time since 1980
Copper trimmed its gains on Thursday after data showed U.S. economic growth slowed more than expected in the first quarter and jobless claims unexpectedly rose, but a weaker dollar put the brakes on further losses. Silver soared to an all-time high on Thursday and gold rose to another record. Crude oil prices turned lower on Thursday in volatile trade after rising more than $1 a barrel, as lift from a weak dollar gave way to worries about the oil demand outlook.
ECONOMIC CALENDAR Date
Time
Currency
Economic Data
Forecast Previous
Fri Apr 29
6:00pm
USD
Core PCE Price Index m/m
0.1%
0.2%
6:00pm
USD
Employment Cost Index q/q
0.5%
0.4%
6:00pm
USD
Personal Spending m/m
0.6%
0.7%
6:00pm
USD
Personal Income m/m
0.3%
0.3%
7:15pm
USD
Chicago PMI
68.7
70.6
7:25pm
USD
70.0
69.6
7:25pm
USD
10:00pm
USD
Revised UoM Consumer Sentiment Revised UoM Inflation Expectations Fed Chairman Bernanke Speaks
4.6%
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 -22580 • R1 -22370
Resistance
• R2 - 74500 • R1 - 72950
support
• S1 -22180 • S2 -21950
support
• S1 - 70200 • S2 - 68650
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 • Buy on dips
LEAD(MAY MAY) Trend Strategy
• Consolidate • Buy on dips
Resistance
•R2 - 218 •R1 - 211
Resistance
• R2 - 117.5 • R1 - 114.7
support
•S1 - 197 •S2 - 189
support
• S1 - 110.8 •S2 - 108.5
ZINC(MAY) Trend Strategy
• Consolidate • Sell on high
NICKEL(MAY MAY) Trend Strategy
• Consolidate • Buy on dips
Resistance
•R2 - 105.8 •R1 - 102.5
Resistance
•R2 - 1248 •R1 - 1217
support
•S1 - 98.7 •S2 - 95.5
support
•S1 - 1183 •S2 - 1148
www.capitalheight.com
info@capitalheight.com Phone- (0731)4295950
ALUMINIUM(MAY) Trend Strategy
• Consolidate • Buy on dips
Resistance
•R2 - 125.7 •R1 - 123.8
support
•S1 - 121.3 •S2 - 119.5
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 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 rces 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 investments and strategies, and encourages investors to seek the advice of a financial adviser. Capitalheight shall shal not be responsible for any transaction ction 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 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 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 completeness thereof. we are not responsible for any loss incurred whatsoever for any financial profits or loss which may arise from the recommend recommendations above. Capitalheight does not purport to be an invitation or an offer to buy or sell any 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 Informat Information ion Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.
www.capitalheight.com