Daily Newsletter Newsletter-Commodity 17/09/2010
www.capitalheight.com
info@capitalheight.com Phone- (0731)4295950
MARKET WRAP Gold scored a record high above $1,275 Oil dips towards $75 ahead of U.S. pipeline restart U.S. jobless claims drops Euro up V/s Dollar Copper rises on softer dollar
Gold scored a record high above $1,275 per ounce on Thursday, as currency market jitters and broader economic uncertainty enticed more investors towards the metal's safe-haven credentials. Oil fell for a third day on Thursday ahead of the expected reopening of a North American pipeline that will restore crude supplies to U.S. refiners. Copper firmed above $7,700 to a near two week high on Thursday lifted by a softer dollar and fund buying, while U.S. jobless data fell but remained high.
ECONOMIC CALENDAR Date
Time
Currency
Economic Data
Fri 11:30am Sep 17 1:00pm
EUR
German PPI m/m
EUR
Buba President Weber Speaks
1:30pm
EUR
6:00pm
Forecast Previous 0.3%
0.5%
Current Account
-3.7B
-4.6B
USD
Core CPI m/m
0.1%
0.1%
6:00pm
USD
CPI m/m
0.3%
0.3%
7:25pm
USD
Prelim UoM Consumer Sentiment
70.3
68.9
www.capitalheight.com
info@capitalheight.com Phone- (0731)4295950
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 - 33150 • R1 - 32580
support
• S1 -19040 • S2 -18850
support
• S1 - 31850 • S2 - 31180
COPPER(NOV) Trend Strategy
• Consolidate • Buy on dips
CRUDE(SEP)) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 363 • R1 - 357
Resistance
• R2 - 3570 • R1 - 3490
support
• S1 - 351 • S2 - 343
support
• S1 - 3410 • S2 - 3330
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 - 97.7 •S2 - 95.5
support
•S1 - 1052 •S2 - 1018
www.capitalheight.com
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
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 perspectiv perspective. e. 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, whi while le 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 fi financial nancial 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 projections shown are not necessarily ind indicative icative 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 an anyone yone 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 for any loss incurred whatsoever for any ny 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