Daily Newsletter Newsletter-Commodity 06/01/2011
www.capitalheight.com
info@capitalheight.com Phone- (0731)4295950
MARKET WRAP Oil falls below $89 on dollar strength U.S. dollar index rose by more than 1 percent Gold slides towards $1,360/oz Copper falls on firm dollar Lead stocks in LME warehouses hit their highest levels in more than 15 years
Gold extended losses on Wednesday, continuing its biggest three-day slide since midNovember, after surprisingly strong U.S. jobs data buoyed the dollar and encouraged investors to buy into riskier assets. Oil prices fell further from 27-month highs on Wednesday as a strong dollar sapped investor appetite for commodities, despite signs of tighter oil supply . Copper fell on Wednesday from a record high in the prior session, weighed down by a firm dollar, but a stronger-than-expected jobs report .
ECONOMIC CALENDAR Date
Time
Currency
Economic Data
Forecast Previous
Thu Jan 6
All Day
EUR
Italian Bank Holiday
3:30pm
EUR
Retail Sales m/m
0.3%
0.1%
4:30pm
EUR
German Factory Orders m/m
1.0%
1.6%
7:00pm
USD
Unemployment Claims
400K
388K
9:00pm
USD
Natural Gas Storage
-135B
-136B
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 -20580
Resistance
• R2 - 46400 • R1 - 45250
support
• S1 -20350 • S2 -20130
support
• S1 - 43850 • S2 - 43100
COPPER(FEB) Trend Strategy
• Bullish • Buy on dips
CRUDE(JAN)) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 456 • R1 - 447
Resistance
• R2 - 4210 • R1 - 4130
support
• S1 - 437 • S2 - 431
support
• S1 - 4020 • S2 - 3950
NATURALGAS(JAN) Trend Strategy
• Consolidate • Sell on high
LEAD(JAN) Trend Strategy
• Bullish • Buy on dips
Resistance
•R2 - 219 •R1 - 211
Resistance
• R2 - 126.5 • R1 - 122.8
support
•S1 - 203 •S2 - 193
support
• S1 - 119.3 •S2 - 115.5
ZINC(JAN) Trend Strategy
• Bullish • Buy on dips
NICKEL(JAN) NICKEL(JAN Trend Strategy
• Consolidate • Buy on dips
Resistance
•R2 - 117.7 •R1 - 113.4
Resistance
•R2 - 1175 •R1 - 1147
support
•S1 - 110.3 •S2 - 108.5
support
•S1 - 1119 •S2 - 1085
www.capitalheight.com
info@capitalheight.com Phone- (0731)4295950
ALUMINIUM(JAN) Trend Strategy
• Bullish • Buy on dips
Resistance
•R2 - 116.5 •R1 - 113.3
support
•S1 - 111.3 •S2 - 108.7
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 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 investments and strategies, and encourages investors to seek the advice of a financial adviser. Capitalheight shall shal 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 wi 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 recomm recommendation endation 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 ris 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 ived directly or indirectly by them. If found so then Serious Legal Actions can be taken.
www.capitalheight.com