Daily Newsletter Newsletter-Commodity 15/12/2010
www.capitalheight.com
info@capitalheight.com Phone- (0731)4295950
MARKET WRAP Oil falls as U.S. data lifts dollar The euro gave up early gains Gold surrenders gains as U.S. data lifts dollar Copper edged to a new record high on Tuesday
Copper edged to a new record high on Tuesday, as a weaker dollar and the metal's tight supply and robust demand fundamentals attracted fresh inflow from funds. Gold rallied to its highest in a week on Tuesday, as a dip in the dollar ahead of a U.S. policysetting meeting and ongoing concern about the health of the global economy encouraged investors to buy bullion.
ECONOMIC CALENDAR Date
Time
Currency
Economic Data
Wed Dec 15
12:45am
USD
FOMC Statement
12:45am
USD
Federal Funds Rate
7:00pm
USD
7:00pm
Forecast Previous
<0.25%
<0.25%
Core CPI m/m
0.1%
0.0%
USD
CPI m/m
0.2%
0.2%
7:00pm
USD
4.7
-11.1
7:30pm
USD
Empire State Manufacturing Index TIC Long-Term Purchases
82.3B
81.0B
7:45pm
USD
Capacity Utilization Rate
75.1%
74.8%
7:45pm
USD
Industrial Production m/m
0.4%
0.0%
8:30pm
USD
NAHB Housing Market Index
16
16
9:00pm
USD
Crude Oil Inventories
-2.7M
-3.8M
www.capitalheight.com
info@capitalheight.com Phone- (0731)4295950
TECHNICAL VIEW GOLD(FEB) Trend Strategy
• Consolidate • Buy on dips
SILVER(MAR MAR) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 -20890 • R1 -20720
Resistance
• R2 - 45750 • R1 - 45050
support
• S1 -20520 • S2 -20350
support
• S1 - 43850 • S2 - 42950
COPPER(FEB) Trend Strategy
• Bullish • Buy on dips
CRUDE(DEC)) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 433 • R1 - 424
Resistance
• R2 - 4120 • R1 - 4040
support
• S1 - 416 • S2 - 405
support
• S1 - 3940 • S2 - 3850
NATURALGAS(DEC) Trend Strategy
• Consolidate • Sell on high
LEAD(DEC)) Trend Strategy
• Consolidate • Buy on dips
Resistance
•R2 - 209 •R1 - 201
Resistance
• R2 - 114.5 • R1 - 110.8
support
•S1 - 193 •S2 - 185
support
• S1 - 107.8 •S2 - 105.5
ZINC(DEC) Trend Strategy
• Consolidate • Buy on dips
NICKEL(DEC) NICKEL(DEC Trend Strategy
• Consolidate • Buy on dips
Resistance
•R2 - 108.5 •R1 - 105.7
Resistance
•R2 - 1157 •R1 - 1125
support
•S1 - 103.8 •S2 - 100.5
support
•S1 - 1087 •S2 - 1054
www.capitalheight.com
info@capitalheight.com Phone- (0731)4295950
ALUMINIUM(DEC) Trend Strategy
• Consolidate • Buy on dips
Resistance
•R2 - 108.5 •R1 - 107.1
support
•S1 - 105.2 •S2 - 103.7
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 right 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 shal 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 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 Ca 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 will and does not read any views expressed as a recommendation for which either the site or its owners own 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 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 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