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Daily Newsletter Newsletter-Commodity 14/01/2011

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MARKET WRAP The euro rose against the dollar Gold undermined by US data Copper softens on concerns about China demand U.S. crude down as jobless claims data disappoint

Gold fell on Thursday, succumbing to a flurry of profit-taking after surprisingly weak U.S. jobs data briefly sent the price to one-week highs, although persistent concern over the euro zone helped contain the slide. Copper fell on Thursday, after two days of gains, on concerns that demand may wane in China because the top metals consumer is approaching its New Year holiday and also may further tighten monetary policy.

ECONOMIC CALENDAR Date

Time

Currency

Economic Data

Forecast Previous

Fri Jan 14

7:00pm

USD

Core CPI m/m

0.1%

0.1%

7:00pm

USD

Core Retail Sales m/m

0.7%

1.2%

7:00pm

USD

Retail Sales m/m

0.8%

0.8%

7:00pm

USD

CPI m/m

0.4%

0.1%

7:45pm

USD

Capacity Utilization Rate

75.6%

75.2%

7:45pm

USD

Industrial Production m/m

0.5%

0.4%

8:25pm

USD

75.5

74.5

8:25pm

USD

8:30pm

USD

Prelim UoM Consumer Sentiment Prelim UoM Inflation Expectations Business Inventories m/m

3.0% 0.7%

0.7%

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TECHNICAL VIEW GOLD(FEB) Trend Strategy

• Consolidate • Buy on dips

SILVER(MAR MAR) Trend Strategy

• Consolidate • Buy on dips

Resistance

• R2 -20650 • R1 -20480

Resistance

• R2 - 46200 • R1 - 45250

support

• S1 -20250 • S2 -20030

support

• S1 - 44300 • S2 - 43450

COPPER(FEB) Trend Strategy

• Consolidate • Buy on dips

CRUDE(JAN)) Trend Strategy

• Consolidate • Buy on dips

Resistance

• R2 - 453 • R1 - 447

Resistance

• R2 - 4250 • R1 - 4180

support

• S1 - 437 • S2 - 428

support

• S1 - 4110 • S2 - 4030

NATURALGAS(JAN) Trend Strategy

• Consolidate • Sell on high

LEAD(JAN) Trend Strategy

• Consolidate • Buy on dips

Resistance

•R2 - 215 •R1 - 205

Resistance

• R2 - 123.5 • R1 - 121.5

support

•S1 - 197 •S2 - 189

support

• S1 - 118.9 •S2 - 115.5

ZINC(JAN) Trend Strategy

• Consolidate • Buy on dips

NICKEL(JAN) NICKEL(JAN Trend Strategy

• Consolidate • Buy on dips

Resistance

•R2 - 114.5 •R1 - 111.9

Resistance

•R2 - 1210 •R1 - 1183

support

•S1 - 109.3 •S2 - 107.5

support

•S1 - 1147 •S2 - 1113

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info@capitalheight.com Phone- (0731)4295950

ALUMINIUM(JAN) Trend Strategy

• Consolidate • Buy on dips

Resistance

•R2 - 116.5 •R1 - 113.3

support

•S1 - 111.3 •S2 - 109.7

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