Daily Newsletter Newsletter-Commodity 20/09/2010
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MARKET WRAP Thailand ups gold reserves Oil dips towards $73 Gold hits new record on jitters over data Euro up V/s Dollar Silver eyes 30-year highs above $21
Gold hit a record high on Friday for the third time this week as poor U.S. consumer confidence and market talk of more quantitative easing helped the alternative asset score its biggest weekly gain since May. U.S. inflation pressures were muted in August and consumer morale hit a 13-month low this month, keeping fears of deflation alive and spurring bets on further monetary easing.
ECONOMIC CALENDAR Date
Time
Currency
Economic Data
Mon 4:31am Sep 20 9:00am
GBP
Rightmove HPI m/m
AUD
RBA Gov Stevens Speaks
2:00pm
GBP
Prelim Mortgage Approvals
6:00pm
CAD
6:00pm
CAD
Forecast Previous -1.7%
46K
47K
Foreign Securities Purchases
8.11B
5.39B
Wholesale Sales m/m
0.6%
-0.3%
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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 - 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 - 366 • R1 - 359
Resistance
• R2 - 3510 • R1 - 3430
support
• S1 - 351 • S2 - 343
support
• S1 - 3330 • S2 - 3250
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
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info@capitalheight.com Phone- (0731)4295950
ALUMINIUM(SEP) Trend Strategy
• Consolidate • Sell on dips
Resistance
•R2 - 102.7 •R1 - 100.5
support
•S1 - 98.8 •S2 - 96.5
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