Daily Newsletter Newsletter-Commodity 08/11/2010
www.capitalheight.com
info@capitalheight.com Phone- (0731)4295950
MARKET WRAP Gold,silver hits record high Dollar firms, briefly capping commodities' gains U.S. crude oil futures rose for a fifth day on Friday Copper rose slightly on Friday
Gold hit a record peak on Friday and industrial metals and oil pushed higher as investors took a surprisingly robust U.S. jobs report as a hint that the economy was in better shape than previously thought. The U.S. currency gained against its major rivals after the data showed nonfarm payrolls increased for the first time since May, slightly curbing commodities gains. Dollar weakness, which makes dollar-denominated commodities cheaper for foreigners to buy. Copper rose slightly on Friday and posted its biggest weekly gain in more than three months on support from a weak dollar outlook, surprisingly strong U.S. labor data and a strike in top-producer Chile. U.S. crude oil futures rose for a fifth day on Friday and posted the highest close in two years, aided by the stronger-than-expected increase in U.S. jobs, but a rally in the dollar limited oil's gains.
ECONOMIC CALENDAR Date
Time
Currency
Economic Data
Mon Nov 8
12:30pm
EUR
German Trade Balance
3:00pm
EUR
4:30pm
EUR
10:00pm
USD
Forecast Previous 13.2B
11.7B
Sentix Investor Confidence
10.1
8.8
German Industrial Production m/m FOMC Member Bullard Speaks
0.6%
1.7%
www.capitalheight.com
info@capitalheight.com Phone- (0731)4295950
TECHNICAL VIEW GOLD(DEC) Trend Strategy
• Bullish • Buy on dips
SILVER(DEC DEC) Trend Strategy
• Bullish • Buy on dips
Resistance
• R2 -20350 • R1 -20120
Resistance
• R2 - 40890 • R1 - 40250
support
• S1 -19830 • S2 -19650
support
• S1 - 38450 • S2 - 37550
COPPER(NOV) Trend Strategy
• Bullish • Buy on dips
CRUDE(NOV) CRUDE(NOV Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 397 • R1 - 389
Resistance
• R2 - 3970 • R1 - 3890
support
• S1 - 381 • S2 - 373
support
• S1 - 3810 • S2 - 3730
NATURALGAS(NOV)) Trend Strategy
• Consolidate • Sell on high
LEAD(NOV) Trend Strategy
• Consolidate • Buy on dips
Resistance
•R2 - 183 •R1 - 176
Resistance
• R2 - 114.5 • R1 - 112.8
support
•S1 - 168 •S2 - 161
support
• S1 - 110.3 •S2 - 107.8
ZINC(NOV) Trend Strategy
• Consolidate • Buy on dips
NICKEL(NOV) NICKEL(NOV Trend Strategy
• Consolidate • Buy on dips
Resistance
•R2 - 115.3 •R1 - 112.5
Resistance
•R2 - 1125 •R1 - 1095
support
•S1 - 110.2 •S2 - 107.5
support
•S1 - 1065 •S2 - 1033
www.capitalheight.com
info@capitalheight.com Phone- (0731)4295950
ALUMINIUM(NOV) Trend Strategy
• Consolidate • Buy on dips
Resistance
•R2 - 112.7 •R1 - 109.5
support
•S1 - 107.7 •S2 - 105.3
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