Daily Newsletter-Commodity 24/02/2012
www.capitalheight.com
info@capitalheight.com Phone- (0731)4295950
MARKET WRAP U.S. weekly crude stocks rise sharply Brent crude rose for a fourth day Gold held steady on Friday, after hitting a three-month high Wall Street stocks rose on Thursday Euro hovered at 2-1/2-month highs on Friday Gold held steady on Friday, after hitting a three-month high in the previous session on upbeat economic data from Germany and the United States, while high oil prices also helped underpin the sentiment. Copper fell for a second straight day on Thursday, pressured by tepid Chinese buying at the start of the year and expectations of recession in the euro zone and its negative demand implications for industrial metals. Brent crude rose for a fourth day, hitting a fresh nine-month high and a record in euro terms on Thursday, creating renewed concerns for cash-strapped Europe on heightened tensions between Iran and the West.
ECONOMIC CALENDAR Date
Time
Currency
Economic Data
Forecast Previous
Fri Feb 24
12:30pm
EUR
German Final GDP q/q
-0.2%
-0.2%
2:30pm
EUR
Italian Retail Sales m/m
-0.2%
-0.3%
8:25pm
USD
72.8
72.5
8:25pm
USD
8:30pm
USD
Revised UoM Consumer Sentiment Revised UoM Inflation Expectations New Home Sales
9:15pm
USD
FOMC Member Williams Speaks
3.2% 316K
307K
www.capitalheight.com
info@capitalheight.com Phone- (0731)4295950
TECHNICAL VIEW GOLD(APR) Trend Strategy
• Consolidate • Buy on dips
SILVER(MAR) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 29480 • R1 - 29150
Resistance
• R2 - 60100 • R1 - 59150
support
• S1 - 28730 • S2 - 28550
support
• S1 - 57400 • S2 - 56500
COPPER(FEB) Trend Strategy
• Consolidate • Buy on dips
CRUDE(MAR) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 427 • R1 - 419
Resistance
• R2 - 5410 • R1 - 5335
support
• S1 - 403 • S2 - 395
support
• S1 - 5215 • S2 - 5130
NATURALGAS(FEB) Trend Strategy
• Consolidate • Sell on high
LEAD(FEB) Trend Strategy
• Consolidate • Buy on dips
Resistance
•R2 - 143 •R1 - 135
Resistance
• R2 - 107.8 • R1 - 105.5
support
•S1 -122 •S2 -114
support
• S1 - 100.9 •S2 - 98.5
ZINC(FEB) Trend Strategy
• Consolidate • Sell on high
NICKEL(FEB) Trend Strategy
• Consolidate • Sell on high
Resistance
•R2 - 105.3 •R1 - 102.5
Resistance
•R2 - 1045 •R1 - 1017
support
•S1 - 97.8 •S2 - 95.5
support
•S1 - 963 •S2 - 935
www.capitalheight.com
info@capitalheight.com Phone- (0731)4295950
ALUMINIUM(FEB) Trend Strategy
• Consolidate • Buy on dips
Resistance
•R2 - 113.5 •R1 - 111.3
support
•S1 - 108.2 •S2 - 105.5
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 the 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 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 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