Daily Newsletter-Commodity 29/02/2012
www.capitalheight.com
info@capitalheight.com Phone- (0731)4295950
MARKET WRAP London copper pulled back on Wednesday Gold hovered below a three-month high on Wednesday U.S. crude futures fell in early Asian trade on Wednesday Silver climbs almost 4% on Tuesday Gold hovered below a three-month high on Wednesday, after rallying 1 percent in the previous session, supported by expectations for more cheap loans to be offered by the European Central Bank later in the day. London copper pulled back on Wednesday from two-week highs touched in the previous session ahead of a fresh injection of cash by the European Central Bank to ease debt strains.
ECONOMIC CALENDAR Date
Time
Currency
Economic Data
Wed Feb 29
5:45am
USD
FOMC Member Pianalto Speaks
12:30pm
EUR
German Import Prices m/m
2:25pm
EUR
German Unemployment Change
3:30pm
EUR
3:30pm
Forecast Previous
0.5%
0.3%
-5K
-34K
CPI y/y
2.7%
2.7%
EUR
Core CPI y/y
1.8%
1.6%
7:00pm
USD
Prelim GDP q/q
2.8%
2.8%
7:00pm
USD
Prelim GDP Price Index q/q
0.4%
0.4%
8:15pm
USD
Chicago PMI
61.6
60.2
8:30pm
USD
Fed Chairman Bernanke Testifies
9:00pm
USD
Crude Oil Inventories
1.4M
1.6M
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 - 28950
Resistance
• R2 - 62900 • R1 - 61850
support
• S1 - 28530 • S2 - 28250
support
• S1 - 59750 • S2 - 58500
COPPER(APR) Trend Strategy
• Consolidate • Buy on dips
CRUDE(MAR) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 444 • R1 - 435
Resistance
• R2 - 5450 • R1 - 5370
support
• S1 - 421 • S2 - 412
support
• S1 - 5235 • S2 - 5160
NATURALGAS(MAR) Trend Strategy
• Consolidate • Sell on high
LEAD(FEB) Trend Strategy
• Consolidate • Buy on dips
Resistance
•R2 - 143 •R1 - 135
Resistance
• R2 - 113.5 • R1 - 110.8
support
•S1 -122 •S2 -114
support
• S1 - 106.9 •S2 - 103.5
ZINC(FEB) Trend Strategy
• Consolidate • Buy on dips
NICKEL(FEB) Trend Strategy
• Consolidate • Sell on high
Resistance
•R2 - 106.3 •R1 - 104.5
Resistance
•R2 - 1021 •R1 - 995
support
•S1 - 100.3 •S2 - 97.5
support
•S1 - 963 •S2 - 935
www.capitalheight.com
info@capitalheight.com Phone- (0731)4295950
ALUMINIUM(FEB) Trend Strategy
• Consolidate • Buy on dips
Resistance
•R2 - 115.5 •R1 - 113.5
support
•S1 - 109.2 •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 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