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Daily Newsletter Newsletter-Commodity 06/01/2011

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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

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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

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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

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