Daily Newsletter Newsletter-Commodity 16/12/2010
www.capitalheight.com
info@capitalheight.com Phone- (0731)4295950
MARKET WRAP Oil up on U.S. inventory Euro slides as Moody's puts Spain rating on review Gold fell for the first time in three days on Wednesday Copper down from record high as dollar gains
Gold fell for the first time in three days on Wednesday as the dollar rose broadly, offsetting any potential boost from investor unease due to ratings agency Moody's issuing a warning on Spain's credit rating. Base metals fell on Wednesday with a stronger dollar pushing copper back from the record high reached the previous session, although the red metal remained underpinned by strong demand prospects. Oil prices rose on Wednesday as investors shrugged off concerns over the health of the global economy following a unexpectedly very large drop in U.S. crude oil inventories.
ECONOMIC CALENDAR Date
Time
Currency
Economic Data
Forecast Previous
Thu Dec 16
7:00pm
USD
Building Permits
0.57M
0.55M
7:00pm
USD
Unemployment Claims
421K
421K
7:00pm
USD
Current Account
-126B
-123B
7:00pm
USD
Housing Starts
0.55M
0.52M
8:30pm
USD
Philly Fed Manufacturing Index
14.8
22.5
9:00pm
USD
Natural Gas Storage
-166B
-89B
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 - 431 • R1 - 422
Resistance
• R2 - 4120 • R1 - 4040
support
• S1 - 414 • S2 - 405
support
• S1 - 3950 • S2 - 3870
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 • Sell on high
NICKEL(DEC) NICKEL(DEC Trend Strategy
• Consolidate • Buy on dips
Resistance
•R2 - 107.5 •R1 - 104.3
Resistance
•R2 - 1157 •R1 - 1125
support
•S1 - 101.8 •S2 - 98.5
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 - 106.4
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 enc encourages ourages investors to seek the advice of a financial adviser. Capitalheight shall 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 ce 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 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 or anyone anyon 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 ble 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), aid), 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