Daily Newsletter-Commodity 02/08/2011
www.capitalheight.com
info@capitalheight.com Phone- (0731)4295950
MARKET WRAP Gold slips as firm U.S. data lifts stocks U.S. manufacturing data beats expectations Copper fell on Thursday as weak export orders from China Copper prices registered a 5.6 percent drop in August Brent crude little changed on mixed economic data U.S. non-farm productivity falls Gold dipped on Thursday after better-than-expected U.S. manufacturing data pushed equities into positive territory, with investors weighing up the prospect of a fresh round of quantitative easing from the U.S. Federal Reserve. Copper fell on Thursday as weak export orders from China and surveys showing weak European manufacturing activity deepened worries over the world economy and clouded the outlook for metals demand. Brent crude futures pared losses but remained in negative territory on Thursday as U.S. productivity and European manufacturing data pointed to a slowing economy
ECONOMIC CALENDAR Date
Time
Currency
Economic Data
Forecast Previous
Fri Sep 2
2:30pm
EUR
PPI m/m
0.6%
0.0%
6:00pm
USD
Non-Farm Employment Change
74K
117K
6:00pm
USD
Unemployment Rate
9.1%
9.1%
6:00pm
USD
Average Hourly Earnings m/m
0.2%
0.4%
www.capitalheight.com
info@capitalheight.com Phone- (0731)4295950
TECHNICAL VIEW GOLD(OCT) Trend Strategy
• Consolidate • Buy on dips
SILVER(DEC) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 27850 • R1 - 27480
Resistance
• R2 - 66400 • R1 - 64900
support
• S1 - 26820 • S2 - 26450
support
• S1 - 62850 • S2 - 61500
COPPER(NOV) Trend Strategy
• Consolidate • Buy on dips
CRUDE(SEP) Trend
Strategy
Resistance
• R2 - 435 • R1 - 427
Resistance
support
• S1 - 415 • S2 - 406
support
NATURALGAS(SEP) Trend Strategy
• Consolidate • Sell on high
LEAD(SEP) Trend Strategy
Resistance
•R2 - 201 •R1 - 193
Resistance
support
•S1 -183 •S2 -175
support
ZINC(SEP) Trend Strategy
• Consolidate • Buy on dips
• Consolidate • Buy on dips • R2 - 4260 • R1 - 4175 • S1 - 4030 • S2 - 3950
• Consolidate • Buy on dips • R2 - 120.5 • R1 - 118.7 • S1 - 113.8 •S2 - 109.5
NICKEL(SEP) Trend Strategy
• Consolidate • Buy on dips
Resistance
•R2 - 107.5 •R1 - 104.7
Resistance
•R2 - 1067 •R1 - 1021
support
•S1 - 100.8 •S2 - 97.5
support
•S1 - 988 •S2 - 943
www.capitalheight.com
info@capitalheight.com Phone- (0731)4295950
ALUMINIUM(SEP) Trend Strategy
• Consolidate • Sell on high
Resistance
•R2 - 115.5 •R1 - 113.3
support
•S1 - 110.3 •S2 - 107.5
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 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 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 price 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 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 t he site or its owners or anyone 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 com pleteness 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 financial 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 f ound so then Serious Legal Actions can be taken.
www.capitalheight.com