Daily Newsletter Newsletter-Commodity 14/07/2011
www.capitalheight.com
info@capitalheight.com Phone- (0731)4295950
MARKET WRAP Gold hit record highs on Wednesday U.S. crude rallies to around $99 Copper rallies after Bernanke comments Dollar falls after Bernanke comments China's economy grew 9.5 percent in the second quarter Silver moves above 38$ Gold hit record highs on Wednesday on safe-haven buying linked to the European debt crisis and a dollar weakened by hints of more economic stimulus from the Federal Reserve Chairman. U.S. crude oil rose 1.4 percent, its biggest gain in two weeks to hover near $99 a barrel after a report from the Energy Information Administration showed crude stockpiles falling more than the market expected last week.
ECONOMIC CALENDAR Date
Time
Currency
Economic Data
Forecast Previous
Thu Jul 14
6:00pm
USD
Core Retail Sales m/m
0.1%
0.3%
6:00pm
USD
PPI m/m
-0.2%
0.2%
6:00pm
USD
Retail Sales m/m
-0.1%
-0.2%
6:00pm
USD
Unemployment Claims
413K
418K
6:00pm
USD
Core PPI m/m
0.2%
0.2%
7:30pm
USD
Fed Chairman Bernanke Testifies
7:30pm
USD
Business Inventories m/m
0.7%
0.8%
8:00pm
USD
Natural Gas Storage
www.capitalheight.com
info@capitalheight.com PhonePhone (0731)4295950
TECHNICAL VIEW GOLD(AUG) Trend Strategy
• Consolidate • Buy on dips
SILVER(SEP SEP) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 23450 • R1 - 23120
Resistance
• R2 - 59300 • R1 - 57850
support
• S1 - 22780 • S2 - 22570
support
• S1 - 55970 • S2 - 54700
COPPER(AUG)) Trend Strategy
• Consolidate • Buy on dips
CRUDE(JULY JULY) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 447 • R1 - 439
Resistance
• R2 - 4540 • R1 - 4460
support
• S1 - 427 • S2 - 419
support
• S1 - 4350 • S2 - 4270
NATURALGAS(JULY JULY) Trend Strategy
• Consolidate • Sell on high
LEAD(JULY JULY) Trend Strategy
• Consolidate • Buy on dips
Resistance
•R2 - 205 •R1 - 198
Resistance
• R2 - 126.2 • R1 - 123.5
support
•S1 - 185 •S2 - 177
support
• S1 - 120.2 •S2 - 116.5
ZINC(JULY) Trend Strategy
• Consolidate • Sell on high
NICKEL(JULY) Trend Strategy
• Consolidate • Buy on dips
Resistance
•R2 - 108.5 •R1 - 106.4
Resistance
•R2 - 1125 •R1 - 1093
support
•S1 - 103.2 •S2 - 100.5
support
•S1 - 1049 •S2 - 1015
www.capitalheight.com
info@capitalheight.com PhonePhone (0731)4295950
ALUMINIUM(JULY JULY) Trend Strategy
• Consolidate • Sell on high
Resistance
•R2 - 114.8 •R1 - 112.3
support
•S1 - 109.5 •S2 - 106.8
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 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. Money Capitalheight Research Pvt. Ltd. recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Money Capitalheight Research Pvt. Ltd. shall not be responsib responsible le 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 Money Capitalheight Research Pvt. Ltd. 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 o 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. Money Capitalheight Research Pvt. Ltd. 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