Daily Newsletter Newsletter-Commodity 26/11/2010
www.capitalheight.com
info@capitalheight.com Phone- (0731)4295950
MARKET WRAP Gold was little changed on Thursday Euro remains under pressure as crisis worries U.S. markets closed for Thanksgiving holiday Copper gains, tight supplies in focus Oil inched up on Thursday
Gold was flat on Thursday, lacking strong impetus due to the U.S. Thanksgiving holiday but backed up by some safe haven buying amid Europe's debt crisis and heightened tensions between North and South Korea. Oil inched up on Thursday, holding a tight range in thin trading due to a U.S. holiday, with the upside capped by persistent worries about the euro zone and concerns about China's inflation prospects. Copper rose on Thursday as support from persistent supply concerns and a bout of upbeat U.S. data offset investor worries about the potential of sovereign debt problems spreading in the euro zone.
ECONOMIC CALENDAR Date
Time
Currency
Economic Data
Forecast Previous
Fri Nov 26
12:30pm
EUR
German Import Prices m/m
0.2%
0.3%
All Day
EUR
German Prelim CPI m/m
0.0%
0.1%
1:15pm
EUR
0.2%
1.5%
2:30pm
EUR
French Consumer Spending m/m M3 Money Supply y/y
1.3%
1.0%
2:30pm
EUR
Private Loans y/y
1.4%
1.2%
www.capitalheight.com
TECHNICAL GOLD(DEC) Trend Strategy
• Consolidate • Buy on dips
COPPER(NOV)
NATURALGAS(DEC)
ZINC(NOV)
info@capitalheight.com Phone- (0731)4295950
ALUMINIUM(NOV) Trend Strategy
• Consolidate • Buy on dips
Resistance
•R2 - 106.7 •R1 - 103.8
support
•S1 - 101.7 •S2 - 99.5
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 rright ight 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 ttreated reated 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 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 projections shown wn 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 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 rreading eading 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 i 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), Any third party pa 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