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Daily Newsletter Newsletter-Commodity 16/09/2010

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MARKET WRAP Gold consolidate near record highs above $1,274 Wall Street advanced on Wednesday Oil falls below $76 Euro up V/s Dollar Nickel hits new high of Week on week basis

Gold was steady on Wednesday, after having touched an all-time high earlier in the week, and economic recovery concerns stemming from weak U.S. economic data are likely to lend support to the metal. Oil fell for a third day on Wednesday after Enbridge said U.S. regulators have agreed to a Friday restart of the company's biggest pipeline from Canada, restoring crude supplies to Midwest refiners.

ECONOMIC CALENDAR Date

Time

Currency

Economic Data

Forecast Previous

Thu Sep 16

6:00pm

USD

PPI m/m

0.3%

0.2%

6:00pm

USD

Unemployment Claims

463K

451K

6:00pm

USD

Core PPI m/m

0.1%

0.3%

6:00pm

USD

Current Account

-124B

-109B

6:30pm

USD

TIC Long-Term Purchases

37.9B

44.4B

7:30pm

USD

Philly Fed Manufacturing Index

0.9

-7.7

7:30pm

USD

Treasury Sec Geithner Speaks

11:30pm

USD

Treasury Sec Geithner Speaks

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TECHNICAL VIEW GOLD(OCT) Trend Strategy

• Bullish • Buy on dips

SILVER(DEC DEC) Trend Strategy

• Bullish • Buy on dips

Resistance

• R2 -19480 • R1 -19250

Resistance

• R2 - 32950 • R1 - 32280

support

• S1 -19040 • S2 -18850

support

• S1 - 31650 • S2 - 30880

COPPER(NOV) Trend Strategy

• Consolidate • Buy on dips

CRUDE(SEP)) Trend Strategy

• Consolidate • Sell on high

Resistance

• R2 - 363 • R1 - 357

Resistance

• R2 - 3650 • R1 - 3570

support

• S1 - 351 • S2 - 343

support

• S1 - 3470 • S2 - 3350

NATURALGAS(SEP) Trend Strategy

• Consolidate • Buy on dips

LEAD(SEP) Trend Strategy

• Consolidate • Sell on high

Resistance

•R2 - 195 •R1 - 188

Resistance

• R2 - 105.8 • R1 - 103.5

support

•S1 - 178 •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 - 1083

support

•S1 - 98.2 •S2 - 95.5

support

•S1 - 1052 •S2 - 1018

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info@capitalheight.com Phone- (0731)4295950

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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