Daily Newsletter Newsletter-Commodity 06/09/2010
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MARKET WRAP U.S dollar fell against the euro U.S. copper finished with slight gains on Friday Gold steadied on Friday US payrolls fall by less than expected Falling copper stocks boost prices Oil prices eased on Friday as weak U.S. services sector data
Gold steadied on Friday as data showing the U.S. non-manufacturing sector grew in August at a slower pace than July helped offset a stronger-than-expected U.S. non-farm payrolls reading to lift the metal's haven appeal. .S. copper finished with slight gains on Friday, coming down off four-month highs as tepid U.S. service sector data cooled a market that had jumped on employment data that was not as weak as many had feared.
ECONOMIC CALENDAR Date
Time
Currency
Economic Data
Forecast Previous
Mon Sep 6
6:00am
AUD
MI Inflation Gauge m/m
0.1%
7:00am
AUD
ANZ Job Advertisements m/m
1.3%
2:00pm
EUR
Sentix Investor Confidence
6th-7th
GBP
Halifax HPI m/m
All Day
USD
Bank Holiday
8.7
8.2
-0.3%
0.6%
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TECHNICAL VIEW GOLD(OCT) Trend Strategy
• Consolidate • Buy on dips
SILVER(DEC DEC) Trend Strategy
• Bullish • Buy on dips
Resistance
• R2 -19350 • R1 -19070
Resistance
• R2 - 32380 • R1 - 31550
support
• S1 -18830 • S2 -18650
support
• S1 - 30750 • S2 - 30180
COPPER(NOV) Trend Strategy
• Bullish • Buy on dips
CRUDE(SEP)) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 371 • R1 - 363
Resistance
• R2 - 3610 • R1 - 3530
support
• S1 - 352 • S2 - 345
support
• S1 - 3410 • S2 - 3330
NATURALGAS(SEP) Trend Strategy
• Consolidate • Sell on higher
LEAD(SEP) Trend Strategy
• Consolidate • Buy on dips
Resistance
•R2 - 193 •R1 - 185
Resistance
• R2 - 104.5 • R1 - 102.2
support
•S1 - 175 •S2 - 167
support
• S1 - 99.5 •S2 - 96.8
ZINC(SEP) Trend Strategy
• Consolidate • Buy on dips
NICKEL(SEP) NICKEL(SEP Trend Strategy
• Consolidate • Sell on high
Resistance
•R2 - 105.7 •R1 - 102.5
Resistance
•R2 - 1059 •R1 - 1033
support
•S1 - 99.3 •S2 - 96.4
support
•S1 - 1002 •S2 - 975
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info@capitalheight.com Phone- (0731)4295950
ALUMINIUM(SEP) Trend Strategy
• Consolidate • Sell on higher
Resistance
•R2 - 102.8 •R1 - 101.1
support
•S1 - 99.3 •S2 - 97.5
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