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Daily Newsletter Newsletter-Commodity 15/10/2010

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MARKET WRAP Gold hits record highs as dollar wilts Silver hits 30-year peak Copper touched its highest in more than two years Oil rises above $83 on dollar

Gold rallied to fresh record highs in Europe on Thursday as the dollar slid to its lowest this year versus a basket of major currencies, boosting interest in the metal as a haven from currency market volatility. Oil rose towards five-month highs above $84 per barrel on Thursday in a broad-based rally of commodities fuelled by a slump in the dollar and news of a surprise drop in U.S. stockpiles.

ECONOMIC CALENDAR Date

Time

Currency

Economic Data

Forecast Previous

Fri Oct 15

5:45pm

USD

Fed Chairman Bernanke Speaks

6:00pm

USD

Core CPI m/m

0.1%

0.0%

6:00pm

USD

Core Retail Sales m/m

0.4%

0.6%

6:00pm

USD

Retail Sales m/m

0.5%

0.4%

6:00pm

USD

CPI m/m

0.2%

0.3%

6:00pm

USD

Empire State Manufacturing Index

7.1

4.1

7:25pm

USD

Prelim UoM Consumer Sentiment

68.8

68.2

7:25pm

USD

Prelim UoM Inflation Expectations

7:30pm

USD

Business Inventories m/m

11:30pm

USD

Federal Budget Balance

2.2% 0.5%

1.0%

-32.3B

-90.5B

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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 - 37350 • R1 - 36600

support

• S1 -19670 • S2 -19350

support

• S1 - 35850 • S2 - 35180

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 - 3720

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 - 104.5 •S2 - 101.3

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 - 104.8 •S2 - 101.5

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 them the most. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources rces 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 shal not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations of MCX and NCDEX. The metals price projections shown are not necessarily indicative of future price performance. The information herein, 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 ee will and does not read any views expressed as a recommendation for which either the site or its owners or anyone 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 th 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 A Any ny 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.

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