Daily Newsletter Newsletter-Commodity 21/10/2010
www.capitalheight.com
info@capitalheight.com Phone- (0731)4295950
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
www.capitalheight.com
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
www.capitalheight.com
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
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 invest investment ment 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 encourages investors to seek th the e 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 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 un understood derstood 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 for any loss incurred whatsoever atsoever 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), Any third party or anyone one 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