Daily Newsletter Newsletter-Commodity 18/10/2010
www.capitalheight.com
info@capitalheight.com Phone- (0731)4295950
MARKET WRAP Gold slips from recent high Silver hits 30-year peak and falls Copper touched its highest in more than two years Oil falls below $82 on dollar Nickel touched lower on Friday
Gold steadily maintained the uptrend for fifth consecutive week and made a new all time high of $ 1387.11 gaining almost $34 after breaching its recent all time high of $1374.75. Gold touched weekly low of $1340 and saw some profit booking at all time highs. Copper gained $4 and breached its previous week all time high of $379.13 to touch a new all time high of $385.95. Copper touched the weekly low of $370 to end slightly lower from highs owing to weaker US economic data with unemployment claims higher at 462k and weaker Japanese industrial production at (-)0.5% vs. (-)0.3%. Copper is overall bullish as long as the dollar continues lower trend owing to monetary easing and maintained rebound in Chinese economy while US Empire state manufacturing index came up at 15.1 vs. 7.1 is also positive for copper.
ECONOMIC CALENDAR Date
Time
Currency
Economic Data
Forecast Previous
Mon 6:30pm Oct 18 6:45pm
USD
TIC Long-Term Purchases
USD
Capacity Utilization Rate
74.8%
74.7%
6:45pm
USD
Industrial Production m/m
0.3%
0.2%
7:30pm
USD
NAHB Housing Market Index
61.2B
14
www.capitalheight.com
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 • Sell on high
Resistance
• R2 - 385 • R1 - 377
Resistance
• R2 - 3720 • R1 - 3640
support
• S1 - 369 • S2 - 361
support
• S1 - 3570 • S2 - 3490
NATURALGAS(OCT) Trend Strategy
• Bearish • Sell on high
LEAD(OCT)) Trend Strategy
• Consolidate • Buy on dips
Resistance
•R2 - 171 •R1 - 164
Resistance
• R2 - 110.5 • R1 - 107.8
support
•S1 - 154 •S2 - 145
support
• S1 - 104.5 •S2 - 101.3
ZINC(OCT) Trend Strategy
• Consolidate • Buy on dips
NICKEL(OCT) NICKEL(OCT Trend Strategy
• Consolidate • Sell on high
Resistance
•R2 - 109.8 •R1 - 107.5
Resistance
•R2 - 1120 •R1 - 1085
support
•S1 - 104.2 •S2 - 101.5
support
•S1 - 1053 •S2 - 1019
www.capitalheight.com
info@capitalheight.com Phone- (0731)4295950
ALUMINIUM(OCT) Trend Strategy
• Consolidate • Sell on high
Resistance
•R2 - 107.9 •R1 - 106.3
support
•S1 - 104.2 •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 sui them the most. Sincere efforts have been made de 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 en encourages courages 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 ice 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 ible 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), paid), 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