Daily Newsletter Newsletter-Commodity 02/06/2011
www.capitalheight.com
info@capitalheight.com Phone- (0731)4295950
MARKET WRAP Gold rebounded from early losses on Wednesday Silver slips almost 2% on Wednesday Oil falls on weak US economic data Copper slips on growth concerns Stocks of copper in LME warehouses rose 3,075 tonnes Gold rebounded from early losses on Wednesday to a one-month high on safe-haven buying after U.S. manufacturing data for May came in well below forecasts and below the robust April reading. Oil prices fell on Wednesday as concerns that slowing economic growth will curb petroleum demand were reinforced by disappointing reports on U.S. private sector employment and manufacturing. Copper fell on Wednesday, on signs of slowing factory activity in China and Europe, and extended losses after below-consensus jobs and manufacturing data
ECONOMIC CALENDAR Date
Time
Currency
Economic Data
Forecast Previous
Thu Jun 2
2:45pm
EUR
ECB President Trichet Speaks
6:00pm
USD
Unemployment Claims
416K
424K
6:00pm
USD
Revised Nonfarm Productivity q/q
1.8%
1.6%
6:00pm
USD
Revised Unit Labor Costs q/q
0.8%
1.0%
7:30pm
USD
Factory Orders m/m
-0.3%
3.4%
8:00pm
USD
Natural Gas Storage
92B
105B
8:30pm
USD
Crude Oil Inventories
-1.7M
0.6M
www.capitalheight.com
info@capitalheight.com PhonePhone (0731)4295950
TECHNICAL VIEW GOLD(JUNE) Trend Strategy
• Consolidate • Buy on dips
SILVER(JULY JULY) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 -22750 • R1 -22540
Resistance
• R2 - 58600 • R1 - 57650
support
• S1 - 22310 • S2 - 22050
support
• S1 - 56350 • S2 - 54900
COPPER(JUNE) Trend Strategy
• Consolidate • Buy on dips
CRUDE(JUNE)) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 425 • R1 - 417
Resistance
• R2 - 4690 • R1 - 4615
support
• S1 - 405 • S2 - 396
support
• S1 - 4490 • S2 - 4410
NATURALGAS(JUNE) Trend Strategy
• Consolidate • Buy on dips
LEAD(JUNE) Trend Strategy
• Consolidate • Buy on dips
Resistance
•R2 - 225 •R1 - 217
Resistance
• R2 - 118.5 • R1 - 114.8
support
•S1 - 207 •S2 - 198
support
• S1 - 111.3 •S2 - 107.5
ZINC(JUNE) Trend Strategy
• Consolidate • Buy on dips
NICKEL(JUNE JUNE) Trend Strategy
• Consolidate • Sell on high
Resistance
•R2 - 105.5 •R1 - 102.3
Resistance
•R2 - 1115 •R1 - 1068
support
•S1 - 99.2 •S2 - 96.5
support
•S1 - 1043 •S2 - 1005
www.capitalheight.com
info@capitalheight.com PhonePhone (0731)4295950
ALUMINIUM(JUNE) Trend Strategy
• Consolidate • Buy on dips
Resistance
•R2 - 122.5 •R1 - 120.3
support
•S1 - 117.7 •S2 - 114.5
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 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 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 and an 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 Ca 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 the site or its owners own 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 completeness thereof. we are not responsible for any loss incurred 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 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