Financial Advisory Company | NSE BSE Intraday Tips | MCX NCDEX Tips | Free Stock Tips

Page 1

Daily Newsletter Newsletter-Commodity 08/09/2010

www.capitalheight.com


info@capitalheight.com Phone- (0731)4295950

MARKET WRAP Oil extends drop to $73 as dollar gains Copper slips on firm dollar Gold rises towards $1,260/oz euro fell 1 percent against the dollar U.S. stocks fall Base metals recovers from days low

Gold erased early losses to rise to its highest since late June on Tuesday as investors returning from the U.S. Labor Day holiday bought the metal as a haven amid concerns over the health of the European banking system. Oil fell below $74 a barrel on Tuesday as the dollar strengthened and Tropical Storm Hermine came ashore near the MexicoTexas border with no signs of disruption to crude or refining output.

ECONOMIC CALENDAR Date

Time

Currency

Economic Data

Wed 11:30am Sep 8 12:15pm

EUR

German Trade Balance

EUR

French Gov Budget Balance

12:15pm

EUR

French Trade Balance

1:15pm

EUR

Buba President Weber Speaks

3:30pm

EUR

11:30pm

USD

German Industrial Production m/m Beige Book

Forecast Previous 12.8B

12.3B -61.7B

-4.1B

-3.8B

1.1%

-0.6%

www.capitalheight.com


info@capitalheight.com Phone- (0731)4295950

TECHNICAL VIEW GOLD(OCT) Trend Strategy

• Consolidate • Buy on dips

SILVER(DEC DEC) Trend Strategy

• Bullish • Buy on dips

Resistance

• R2 -19480 • R1 -19250

Resistance

• R2 - 32380 • R1 - 31650

support

• S1 -19030 • S2 -18850

support

• S1 - 31050 • S2 - 30380

COPPER(NOV) Trend Strategy

• Bullish • Buy on dips

CRUDE(SEP)) Trend Strategy

• Consolidate • Sell on high

Resistance

• R2 - 371 • R1 - 363

Resistance

• R2 - 3580 • R1 - 3510

support

• S1 - 354 • S2 - 347

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 - 105.5 • R1 - 102.8

support

•S1 - 178 •S2 - 167

support

• S1 - 100.3 •S2 - 97.8

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 - 1068 •R1 - 1045

support

•S1 - 99.3 •S2 - 96.4

support

•S1 - 1018 •S2 - 995

www.capitalheight.com


info@capitalheight.com Phone- (0731)4295950

ALUMINIUM(SEP) Trend Strategy

• Consolidate • Buy on dips

Resistance

•R2 - 104.5 •R1 - 101.7

support

•S1 - 99.2 •S2 - 97.5

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 de 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 en encourages courages 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 ice 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 information 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 ible 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), paid), 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


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.