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Daily Newsletter Newsletter-Commodity 14/10/2010

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MARKET WRAP Gold surged to a record high near $1,375 Copper hits new 27-month top Oil edged up towards $83 on Wednesday Zinc, aluminium, lead hit highest since April Dollar turns down v/s Euro

Gold surged to a record high near $1,375 an ounce on Wednesday and silver hit a 30year peak after the Federal Reserve signaled the U.S. economy may need extra stimulus, which hit the dollar. Copper rose on Wednesday to a fresh more-than-two-year high, buoyed by dollar weakness and expectations of renewed stimulus measures in the United States, the world's largest economy.

ECONOMIC CALENDAR Date

Time

Currency

Economic Data

Thu Oct 14

1:40am

USD

Fed Chairman Bernanke Speaks

All Day

ALL

OPEC Meetings

6:00pm

USD

PPI m/m

6:00pm

USD

Trade Balance

6:00pm

USD

6:00pm

Forecast Previous

0.2%

0.4%

-43.5B

-42.8B

Unemployment Claims

448K

445K

USD

Core PPI m/m

0.1%

0.1%

8:00pm

USD

Natural Gas Storage

88B

85B

8:30pm

USD

Crude Oil Inventories

1.5M

3.1M

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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 -20150 • R1 -19970

Resistance

• R2 - 36800 • R1 - 36100

support

• S1 -19670 • S2 -19350

support

• S1 - 35350 • S2 - 34680

COPPER(NOV) Trend Strategy

• Bullish • Buy on dips

CRUDE(OCT)) Trend Strategy

• Consolidate • Buy on dips

Resistance

• R2 - 385 • R1 - 377

Resistance

• R2 - 3790 • R1 - 3710

support

• S1 - 369 • S2 - 361

support

• S1 - 3610 • S2 - 3530

NATURALGAS(OCT) Trend Strategy

• Consolidate • Sell on high

LEAD(OCT)) Trend Strategy

• Consolidate • Buy on dips

Resistance

•R2 - 177 •R1 - 169

Resistance

• R2 - 110.5 • R1 - 107.8

support

•S1 - 159 •S2 - 147

support

• S1 - 105.5 •S2 - 103.3

ZINC(OCT) Trend Strategy

• Consolidate • Buy on dips

NICKEL(OCT) NICKEL(OCT Trend Strategy

• Bullish • Buy on dips

Resistance

•R2 - 109.8 •R1 - 107.5

Resistance

•R2 - 1133 •R1 - 1105

support

•S1 - 104.2 •S2 - 101.5

support

•S1 - 1065 •S2 - 1041

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info@capitalheight.com Phone- (0731)4295950

ALUMINIUM(OCT) Trend Strategy

• Consolidate • Buy on dips

Resistance

•R2 - 109.5 •R1 - 107.9

support

•S1 - 105.3 •S2 - 103.5

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