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Daily Newsletter Newsletter-Commodity 21/10/2010

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MARKET WRAP Gold firms as dollar slips Dollar slips versus currency basket Oil rises above $81 on dollar Crude oil stocks rose by 670,0000 barrels Copper bounced on Wednesday

Gold firmed on Wednesday as dollar weakness helped the metal recover from the previous session's 2.5 percent slide, with the softer U.S. currency boosting interest in the metal as a safe store of value. Copper bounced on Wednesday, recouping earlier losses as the dollar dipped and markets reassessed a surprise interest rate hike by top consumer China.

ECONOMIC CALENDAR Date

Time

Currency

Economic Data

Forecast Previous

Thu 12:30pm Oct 21 1:00pm

EUR

French Flash Manufacturing PMI

55.6

56.0

EUR

German Flash Services PMI

55.0

54.9

1:30pm

EUR

Flash Manufacturing PMI

53.2

53.7

1:30pm

EUR

Flash Services PMI

53.8

54.1

6:00pm

USD

Unemployment Claims

454K

462K

7:30pm

EUR

Consumer Confidence

7:30pm

USD

Philly Fed Manufacturing Index

7:30pm

USD

8:00pm

USD

-11 2.3

-0.7

CB Leading Index m/m

0.4%

0.3%

Natural Gas Storage

87B

91B

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info@capitalheight.com Phone- (0731)4295950

TECHNICAL VIEW GOLD(DEC) Trend Strategy

• Consolidate • Buy on dips

SILVER(DEC DEC) Trend Strategy

• Consolidate • Buy on dips

Resistance

• R2 -19950 • R1 -19670

Resistance

• R2 - 36750 • R1 - 35950

support

• S1 -19420 • S2 -19250

support

• S1 - 35350 • S2 - 34780

COPPER(NOV) Trend Strategy

• Bullish • Buy on dips

CRUDE(NOV) CRUDE(NOV Trend Strategy

• Consolidate • Buy on dips

Resistance

• R2 - 383 • R1 - 376

Resistance

• R2 - 3790 • R1 - 3710

support

• S1 - 368 • S2 - 361

support

• S1 - 3590 • S2 - 3525

NATURALGAS(OCT) Trend Strategy

• Bearish • Sell on high

LEAD(OCT)) Trend Strategy

• Consolidate • Buy on dips

Resistance

•R2 - 172 •R1 - 163

Resistance

• R2 - 110.5 • R1 - 108.5

support

•S1 - 153 •S2 - 145

support

• S1 - 105.5 •S2 - 103.3

ZINC(OCT) Trend Strategy

• Consolidate • Buy on dips

NICKEL(OCT) NICKEL(OCT Trend Strategy

• Consolidate • Sell on high

Resistance

•R2 - 109.7 •R1 - 107.9

Resistance

•R2 - 1119 •R1 - 1085

support

•S1 - 105.2 •S2 - 102.5

support

•S1 - 1038 •S2 - 1005

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info@capitalheight.com Phone- (0731)4295950

ALUMINIUM(OCT) Trend Strategy

• Consolidate • Sell on high

Resistance

•R2 - 107.9 •R1 - 105.3

support

•S1 - 103.1 •S2 - 100.5

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