Daily Newsletter Newsletter-Commodity 07/01/2011
www.capitalheight.com
info@capitalheight.com Phone- (0731)4295950
MARKET WRAP U.S. jobless claims higher than expected Dollar firms versus euro Gold prices fell for a fourth successive session Oil fell more than a dollar to below $89 Copper slipped on Thursday as the dollar rose
Gold prices fell for a fourth successive session on Thursday, under pressure from investors taking heart from the strength of the dollar . Oil fell more than a dollar to below $89 a barrel after U.S. data showed more jobless claims than expected, raising doubts about the strength of economic recovery in the world's biggest oil burner. Copper slipped on Thursday as the dollar rose against the euro, but strong economic data from the United States indicating a bullish outlook.
ECONOMIC CALENDAR Date
Time
Currency
Economic Data
Fri 12:30pm Jan 7 2:30pm
EUR
German Retail Sales m/m
EUR
ECB President Trichet Speaks
3:30pm
EUR
4:30pm
Forecast Previous 0.6%
2.3%
Unemployment Rate
10.1%
10.1%
EUR
German Industrial Production m/m
-0.1%
2.9%
7:00pm
USD
Non-Farm Employment Change
159K
39K
7:00pm
USD
Unemployment Rate
9.7%
9.8%
7:00pm
USD
Average Hourly Earnings m/m
0.2%
0.0%
8:00pm
USD
Fed Chairman Bernanke Testifies
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 -20320 • S2 -20130
support
• S1 - 44150 • S2 - 43300
COPPER(FEB) Trend Strategy
• Consolidate • Buy on dips
CRUDE(JAN)) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 448 • R1 - 441
Resistance
• R2 - 4150 • R1 - 4070
support
• S1 - 432 • S2 - 423
support
• S1 - 3990 • S2 - 3910
NATURALGAS(JAN) Trend Strategy
• Consolidate • Sell on high
LEAD(JAN) Trend Strategy
• Bullish • Buy on dips
Resistance
•R2 - 219 •R1 - 212
Resistance
• R2 - 126.5 • R1 - 123.8
support
•S1 - 203 •S2 - 193
support
• S1 - 120.3 •S2 - 117.5
ZINC(JAN) Trend Strategy
• Bullish • Buy on dips
NICKEL(JAN) NICKEL(JAN Trend Strategy
• Consolidate • Sell on high
Resistance
•R2 - 117.7 •R1 - 113.4
Resistance
•R2 - 1165 •R1 - 1138
support
•S1 - 110.3 •S2 - 108.5
support
•S1 - 1105 •S2 - 1073
www.capitalheight.com
info@capitalheight.com Phone- (0731)4295950
ALUMINIUM(JAN) Trend Strategy
• Bullish • Buy on dips
Resistance
•R2 - 117.5 •R1 - 114.8
support
•S1 - 112.3 •S2 - 109.7
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