Daily Newsletter Newsletter-Commodity 12/08/2011
www.capitalheight.com
info@capitalheight.com Phone- (0731)4295950
MARKET WRAP Gold fell from record highs on Thursday U.S. jobless claims fall, trade gap widens World stocks, euro fall on Europe bank concerns Copper bounced back on Thursday Brent crude recovered from steep losses on Thursday Gold fell from record highs on Thursday but remained in demand by investors seeking safety from market volatility triggered by fears Europe's debt crisis could spread to France. Copper bounced back on Thursday as upbeat labour market data from the United States helped ease some fears about the economy, while an appreciation of China's currency also boosted the metal as it suggested the country was confident about growth prospects. Brent crude recovered from steep losses on Thursday in volatile trading as a rebound by equities helped oil bounce after it was weighed down by concerns about French banks
ECONOMIC CALENDAR Date
Time
Currency
Economic Data
Forecast Previous
Fri Aug 12
6:00pm
USD
Core Retail Sales m/m
0.2%
0.0%
6:00pm
USD
Retail Sales m/m
0.4%
0.1%
7:25pm
USD
Prelim UoM Consumer Sentiment
63.2
63.7
7:25pm
USD
Prelim UoM Inflation Expectations
7:30pm
USD
Business Inventories m/m
7:30pm
USD
FOMC Member Dudley Speaks
3.4% 0.6%
1.0%
www.capitalheight.com
info@capitalheight.com PhonePhone (0731)4295950
TECHNICAL VIEW GOLD(OCT) Trend Strategy
• Bullish • Buy on dips
SILVER(SEP SEP) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 26600 • R1 - 26250
Resistance
• R2 - 60800 • R1 - 59700
support
• S1 - 25720 • S2 - 25430
support
• S1 - 57850 • S2 - 56200
COPPER(AUG)) Trend Strategy
• Consolidate • Sell on high
CRUDE(AUG AUG) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 415 • R1 - 406
Resistance
• R2 - 3965 • R1 - 3880
support
• S1 - 393 • S2 - 385
support
• S1 - 3720 • S2 - 3630
NATURALGAS(AUG AUG) Trend Strategy
• Consolidate • Sell on high
LEAD(AUG AUG) Trend Strategy
• Consolidate • Sell on high
Resistance
•R2 - 195 •R1 - 187
Resistance
• R2 - 112.5 • R1 - 109.3
support
•S1 -175 •S2 -167
support
• S1 - 105.3 •S2 - 102.5
ZINC(AUG) Trend Strategy Resistance support
• Consolidate • Sell on high •R2 - 102.5 •R1 - 99.8 •S1 - 94.8 •S2 - 90.5
NICKEL(AUG) Trend Strategy
• Consolidate • Sell on high
Resistance
•R2 - 1033 •R1 - 997
support
•S1 - 938 •S2 - 905
www.capitalheight.com
info@capitalheight.com PhonePhone (0731)4295950
ALUMINIUM(AUG AUG) Trend Strategy
• Consolidate • Sell on high
Resistance
•R2 - 111.5 •R1 - 109.6
support
•S1 - 105.8 •S2 - 102.5
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 them the most. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources rces 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. Money Capitalheight Research Pvt. Ltd. recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Money Capitalheight Research Pvt. Ltd. shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations of MCX and NCDEX. The metals price projections shown are not necessarily indicative of future pr price ice performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to Money Capitalheight Research Pvt. Ltd. might be holding positions in the stocks recommended. It is understood th that at 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 t site or its owners or anyone can be held responsible for . Any surfing and reading of the informa information tion 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 for any financial profits or loss which may arise from the recommendations above. Money Capitalheight Research Pvt. Ltd. does not purport to be an invitation or an offer to buy or sell any fi financial nancial instrument. Our Clients (Paid Or Unpaid), 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 th then en Serious Legal Actions can be taken.
www.capitalheight.com