Daily Newsletter-Commodity 06/02/2012
www.capitalheight.com
info@capitalheight.com Phone- (0731)4295950
MARKET WRAP Gold edges up after heavy losses on US jobs surprise U.S. unemployment rate in January unexpectedly fell U.S. jobs data boosted the dollar and equities U.S. crude futures edged down on Monday Base metals recovers sharply on Friday U.S. crude futures edged down on Monday on a stronger dollar, though declines were limited by worries over Iran's nuclear ambitions and robust U.S. jobs data that raised hopes for oil demand going forward. Spot gold edged higher on Monday after surprisingly strong U.S. jobs data sent prices down nearly 2 percent in the previous session, as investors shifted focus to a looming deadline for Greece to accept the terms of a new bailout deal. U.S. unemployment rate in January unexpectedly fell to a near three-year low and job creation was at its fastest pace in nine months, boosting confidence in the recovery of the world's largest economy.
ECONOMIC CALENDAR Date
Time
Currency
Economic Data
Forecast Previous
Mon Feb 6
1:30pm
GBP
Halifax HPI m/m
0.1%
-0.9%
3:00pm
EUR
Sentix Investor Confidence
-14.8
-21.1
4:30pm
EUR
German Factory Orders m/m
0.7%
-4.8%
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 - 28650 • R1 - 28380
Resistance
• R2 - 58300 • R1 - 57120
support
• S1 - 27930 • S2 - 27650
support
• S1 - 55900 • S2 - 53800
COPPER(FEB) Trend Strategy
• Consolidate • Sell on high
CRUDE(FEB) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 433 • R1 - 424
Resistance
• R2 - 4930 • R1 - 4815
support
• S1 - 408 • S2 - 399
support
• S1 - 4710 • S2 - 4630
NATURALGAS(FEB) Trend Strategy
• Bearish • Sell on high
LEAD(FEB) Trend Strategy
• Consolidate • Buy on dips
Resistance
•R2 - 137 •R1 - 128
Resistance
• R2 - 112.5 • R1 - 109.8
support
•S1 -116 •S2 -107
support
• S1 - 105.7 •S2 - 101.5
ZINC(FEB) Trend Strategy
• Consolidate • Buy on dips
NICKEL(FEB) Trend Strategy
• Consolidate • Buy on dips
Resistance
•R2 - 108.5 •R1 - 105.3
Resistance
•R2 - 1083 •R1 - 1058
support
•S1 - 101.2 •S2 - 98.5
support
•S1 - 1015 •S2 - 975
www.capitalheight.com
info@capitalheight.com Phone- (0731)4295950
ALUMINIUM(FEB) Trend Strategy
• Consolidate • Sell on high
Resistance
•R2 - 112.8 •R1 - 110.5
support
•S1 - 107.2 •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