Daily Newsletter Newsletter-Commodity 09/11/2010
www.capitalheight.com
info@capitalheight.com Phone- (0731)4295950
MARKET WRAP Gold dipped on Monday following its largest two-day gain Copper under pressure from firmer dollar Crude oil prices slip toward $86 The dollar rose on Monday Quite movement in base metals
Gold dipped on Monday following its largest two-day gain in a year at the end of last week, but remained near record highs after the dollar rallied against the euro and dented precious metals prices. The gold price has risen by about 5 percent in the last five trading days, driven by the drop in the U.S. currency after the Federal Reserve last week detailed its plans to buy over half a trillion dollars' worth of Treasuries to revive the economy.
ECONOMIC CALENDAR Date
Time
Currency
Economic Data
Forecast Previous
Tue Nov 9
2:00am
USD
FOMC Member Warsh Speaks
12:30pm
EUR
German Final CPI m/m
1:15pm
EUR
French Gov Budget Balance
1:15pm
EUR
French Trade Balance
-4.0B
-4.9B
8:30pm
USD
IBD/TIPP Economic Optimism
47.8
46.4
8:30pm
USD
Wholesale Inventories m/m
0.6%
0.8%
0.1%
0.1% -122.1B
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 -20450 • R1 -20230
Resistance
• R2 - 40890 • R1 - 40250
support
• S1 -19930 • S2 -19750
support
• S1 - 38850 • S2 - 38150
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 - 193 •R1 - 185
Resistance
• R2 - 114.5 • R1 - 112.3
support
•S1 - 177 •S2 - 169
support
• S1 - 109.3 •S2 - 107.2
ZINC(NOV) Trend Strategy
• Consolidate • Sell on high
NICKEL(NOV) NICKEL(NOV Trend Strategy
• Consolidate • Buy on dips
Resistance
•R2 - 113.5 •R1 - 110.8
Resistance
•R2 - 1125 •R1 - 1090
support
•S1 - 108.5 •S2 - 105.7
support
•S1 - 1065 •S2 - 1033
www.capitalheight.com
info@capitalheight.com Phone- (0731)4295950
ALUMINIUM(NOV) Trend Strategy
• Consolidate • Buy on dips
Resistance
•R2 - 111.7 •R1 - 108.5
support
•S1 - 106.7 •S2 - 104.3
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 rright ight 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 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 own 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 recommende recommended. d. 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 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 p 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