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Daily Newsletter Newsletter-Commodity 14/09/2010

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MARKET WRAP Oil rose to a one-month high on Monday Copper rallies, China data boost demand prospects Gold prices steadied below $1,250 an ounce Euro up V/s Dollar Base metals recovers on recent lows LME copper stocks continue to fall

Oil rose to a one-month high on Monday, spurred by an extended shutdown of a major Canada-U.S. crude pipeline and strong Chinese demand growth and industrial output. Gold steadied on Monday, partly shrugging off the weight of positive investor sentiment stemming from a deal on global banking rules, upbeat Chinese data and a rally in risklinked assets.

ECONOMIC CALENDAR Date

Time

Currency

Tue 2:30pm Sep 14 2:30pm

EUR

Economic Data

Forecast Previous 10.7

14.0

EUR

German ZEW Economic Sentiment Industrial Production m/m

0.2%

-0.1%

2:30pm

EUR

ZEW Economic Sentiment

14.9

15.8

6:00pm

USD

Core Retail Sales m/m

0.3%

0.2%

6:00pm

USD

Retail Sales m/m

0.4%

0.4%

7:30pm

USD

Business Inventories m/m

0.5%

0.3%

8:30pm

EUR

Buba President Weber Speaks

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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 -19180 • R1 -19050

Resistance

• R2 - 32380 • R1 - 31650

support

• S1 -18780 • S2 -18550

support

• S1 - 31050 • S2 - 30380

COPPER(NOV) Trend Strategy

• Consolidate • Buy on dips

CRUDE(SEP)) Trend Strategy

• Consolidate • Buy on dips

Resistance

• R2 - 363 • R1 - 357

Resistance

• R2 - 3680 • R1 - 3610

support

• S1 - 352 • S2 - 344

support

• S1 - 3490 • S2 - 3410

NATURALGAS(SEP) Trend Strategy

• Consolidate • Buy on dips

LEAD(SEP) Trend Strategy

• Consolidate • Sell on high

Resistance

•R2 - 193 •R1 - 185

Resistance

• R2 - 105.8 • R1 - 103.5

support

•S1 - 176 •S2 - 167

support

• S1 - 100.3 •S2 - 98.5

ZINC(SEP) Trend Strategy

• Consolidate • Sell on high

NICKEL(SEP) NICKEL(SEP Trend Strategy

• Consolidate • Buy on dips

Resistance

•R2 - 102.7 •R1 - 100.5

Resistance

•R2 - 1110 •R1 - 1075

support

•S1 - 98.2 •S2 - 95.5

support

•S1 - 1052 •S2 - 1018

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ALUMINIUM(SEP) Trend Strategy

• Consolidate • Sell on dips

Resistance

•R2 - 101.5 •R1 - 99.5

support

•S1 - 97.2 •S2 - 94.5

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