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Daily Newsletter Newsletter-Commodity 08/10/2010

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MARKET WRAP Gold turns lower after hitting record high Oil slips after hitting 5-month high above $84 Base metals tumbled on Thursday Copper tumbled on Thursday

Gold slid below $1,340 an ounce in its most volatile trading day in two months on Thursday, having earlier hit a record high on investor expectations for the Federal Reserve to support flagging U.S. growth. Oil slipped from a five-month high above $84 a barrel on Thursday on concerns that a rally driven by a weakening dollar had run ahead of the market's fundamentals of supply and demand. Copper tumbled on Thursday as the dollar recovered against the euro in a move that coincided with a World Bank warning currency tensions could lead to trouble.

ECONOMIC CALENDAR Date

Time

Currency

Economic Data

Forecast Previous

Fri 12:30am Oct 8 11:30am

USD

Consumer Credit m/m

-2.9B

-3.6B

EUR

German Trade Balance

12.3B

12.7B

12:15pm

EUR

French Gov Budget Balance

6:00pm

USD

Non-Farm Employment Change

6:00pm

USD

6:00pm

-93.1B 1K

-54K

Unemployment Rate

9.7%

9.6%

USD

Average Hourly Earnings m/m

0.2%

0.3%

7:30pm

USD

Wholesale Inventories m/m

0.6%

1.3%

Day 1

ALL

IMF Meetings

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TECHNICAL VIEW GOLD(DEC) Trend Strategy

• Bullish • Buy on dips

SILVER(DEC DEC) Trend Strategy

• Bullish • Buy on dips

Resistance

• R2 -19870 • R1 -19620

Resistance

• R2 - 35300 • R1 - 34550

support

• S1 -19370 • S2 -19150

support

• S1 - 33550 • S2 - 32880

COPPER(NOV) Trend Strategy

• Bullish • Buy on dips

CRUDE(OCT)) Trend Strategy

• Consolidate • Buy on dips

Resistance

• R2 - 375 • R1 - 367

Resistance

• R2 - 3740 • R1 - 3680

support

• S1 - 360 • S2 - 353

support

• S1 - 3610 • S2 - 3530

NATURALGAS(OCT) Trend Strategy

• Consolidate • Sell on high

LEAD(OCT)) Trend Strategy

• Consolidate • Sell on higher

Resistance

•R2 - 181 •R1 - 174

Resistance

• R2 - 102.9 • R1 - 100.5

support

•S1 - 165 •S2 - 157

support

• S1 - 97.8 •S2 - 94.7

ZINC(OCT) Trend Strategy

• Consolidate • Sell on higher

NICKEL(OCT) NICKEL(OCT Trend Strategy

• Bullish • Buy on dips

Resistance

•R2 - 104.2 •R1 - 101.7

Resistance

•R2 - 1120 •R1 - 1089

support

•S1 - 98.5 •S2 - 95.8

support

•S1 - 1055 •S2 - 1021

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info@capitalheight.com Phone- (0731)4295950

ALUMINIUM(OCT) Trend Strategy

• Consolidate • Buy on dips

Resistance

•R2 - 107.8 •R1 - 105.1

support

•S1 - 102.6 •S2 - 100.7

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 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 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 Ca 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 own 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 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.

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