Daily Newsletter Newsletter-Commodity 15/06/2011
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MARKET WRAP Gold fell to its lowest in more than a week on Tuesday Gold and silver ETF holdings fall U.S. retail, PPI data better than forecast China industrial output up 13.3 percent in May Oil prices recovers sharply above 99$ Copper rose to its highest in a week on Tuesday Brent crude hit is highest in over five weeks on Tuesday as data from the United States and China helped to reassure investors that economic recovery was on track and that demand would be robust. Copper rose to its highest in a week on Tuesday after betterthan-expected U.S. retail sales data consolidated earlier gains made on data from China
ECONOMIC CALENDAR Date Wed Jun 15
Time
Currency
Economic Data
Forecast Previous
12:00am
USD
Fed Chairman Bernanke Speaks
6:00pm
USD
Core CPI m/m
0.2%
0.2%
6:00pm
USD
CPI m/m
0.2%
0.4%
6:00pm
USD
Empire State Manufacturing Index
13.0
11.9
6:30pm
USD
TIC Long-Term Purchases
45.3B
24.0B
6:45pm
USD
Capacity Utilization Rate
77.1%
76.9%
6:45pm
USD
Industrial Production m/m
0.3%
0.0%
7:30pm
USD
NAHB Housing Market Index
16
16
8:00pm
USD
Crude Oil Inventories
-0.9M
-4.8M
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TECHNICAL VIEW GOLD(AUG) Trend Strategy
• Consolidate • Buy on dips
SILVER(JULY JULY) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 22780 • R1 - 22450
Resistance
• R2 - 55200 • R1 - 53650
support
• S1 - 22180 • S2 - 21950
support
• S1 - 51650 • S2 - 50250
COPPER(JUNE) Trend Strategy
• Consolidate • Buy on dips
CRUDE(JUNE)) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 421 • R1 - 414
Resistance
• R2 - 4550 • R1 - 4470
support
• S1 - 403 • S2 - 395
support
• S1 - 4370 • S2 - 4280
NATURALGAS(JUNE) Trend Strategy
• Consolidate • Buy on dips
LEAD(JUNE) Trend Strategy
• Consolidate • Buy on dips
Resistance
•R2 - 221 •R1 - 213
Resistance
• R2 - 119.5 • R1 - 116.3
support
•S1 - 202 •S2 - 195
support
• S1 - 113.5 •S2 - 108.8
ZINC(JUNE) Trend Strategy
• Consolidate • Buy on dips
NICKEL(JUNE JUNE) Trend Strategy
• Consolidate • Sell on high
Resistance
•R2 - 105.3 •R1 - 102.5
Resistance
•R2 - 1055 •R1 - 1027
support
•S1 - 99.7 •S2 - 97.5
support
•S1 - 987 •S2 - 955
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info@capitalheight.com PhonePhone (0731)4295950
ALUMINIUM(JUNE) Trend Strategy
• Consolidate • Sell on high
Resistance
•R2 - 119.8 •R1 - 117.5
support
•S1 - 114.7 •S2 - 111.5
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