Daily Newsletter Newsletter-Commodity 09/12/2010
www.capitalheight.com
info@capitalheight.com Phone- (0731)4295950
MARKET WRAP Oil falls to $88 as US fuel stocks rise Gold slides, dragged down by dollar strength Dollar firms after spike in U.S. Treasury yields Copper hits record on supply worries U.S. crude stocks fell by 3.82 million barrels Base metals recovers sharply from low
Gold was set for its largest one-day fall in a month on Wednesday after initial weakness stemming from a stronger dollar was exacerbated by a flurry of profit-taking a day after the metal reached a record peak. Oil fell on Wednesday to around $88 a barrel as a U.S. government report showed inventories of gasoline and other fuels rose in the world's top consumer, countering lower crude stocks.
ECONOMIC CALENDAR Date
Time
Currency
Economic Data
Forecast Previous
Thu 12:00pm Dec 9 12:30pm
EUR
French Final Non-Farm Payrolls q/q
0.3%
0.3%
EUR
German Final CPI m/m
0.1%
0.1%
2:30pm
EUR
ECB Monthly Bulletin
7:00pm
USD
Unemployment Claims
426K
436K
8:30pm
USD
Wholesale Inventories m/m
0.9%
1.5%
9:00pm
USD
Natural Gas Storage
-83B
-23B
www.capitalheight.com
info@capitalheight.com Phone- (0731)4295950
TECHNICAL VIEW GOLD(FEB) Trend Strategy
• Consolidate • Buy on dips
SILVER(MAR MAR) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 -20890 • R1 -20680
Resistance
• R2 - 45350 • R1 - 44150
support
• S1 -20420 • S2 -20150
support
• S1 - 42850 • S2 - 41850
COPPER(FEB) Trend Strategy
• Bullish • Buy on dips
CRUDE(DEC)) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 423 • R1 - 416
Resistance
• R2 - 4110 • R1 - 4040
support
• S1 - 405 • S2 - 397
support
• S1 - 3960 • S2 - 3880
NATURALGAS(DEC) Trend Strategy
• Consolidate • Sell on high
LEAD(DEC)) Trend Strategy
• Consolidate • Buy on dips
Resistance
•R2 - 217 •R1 - 209
Resistance
• R2 - 114.5 • R1 - 110.8
support
•S1 - 200 •S2 - 192
support
• S1 - 107.8 •S2 - 104.5
ZINC(DEC) Trend Strategy
• Consolidate • Buy on dips
NICKEL(DEC) NICKEL(DEC Trend Strategy
• Consolidate • Buy on dips
Resistance
•R2 - 108.5 •R1 - 105.7
Resistance
•R2 - 1145 •R1 - 1113
support
•S1 - 102.8 •S2 - 99.5
support
•S1 - 1075 •S2 - 1053
www.capitalheight.com
info@capitalheight.com Phone- (0731)4295950
ALUMINIUM(DEC) Trend Strategy
• Consolidate • Buy on dips
Resistance
•R2 - 110.5 •R1 - 107.3
support
•S1 - 105.5 •S2 - 102.7
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 perspectiv perspective. e. 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 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 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 anyon can be held responsible for . Any surfing and reading of the informati information on 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 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 Information 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