Daily Newsletter Newsletter-Commodity 12/07/2011
www.capitalheight.com
info@capitalheight.com Phone- (0731)4295950
MARKET WRAP Gold off highs as risk aversion accelerates Gold ETF holdings rise for 4th week Euro fell by more than 1 percent Copper falls on Italy debt worries Aluminium falls below 200 day moving average Gold rose for a sixth day on Monday in its longest stretch of gains since March, driven by investor concerns over the potential spread of the euro zone debt crisis. The euro fell by more than 1 percent against the dollar, which hit two-week highs against a basket of currencies. Copper fell on Monday as concerns over Italy's sovereign debt curtailed appetite for risky assets, but a series of strikes in producer countries highlighted supply constraints and lent support to prices. Oil fell on Monday in choppy trading as concerns about a widening euro zone debt crisis and a drop in Chinese crude imports rekindled concerns about a demand slowdown.
ECONOMIC CALENDAR Date
Time
Tue 11:00am Jul 12 11:30am
Currency
Economic Data
Forecast Previous
EUR
French CPI m/m
0.1%
0.1%
EUR
German Final CPI m/m
0.1%
0.1%
Day 2
EUR
ECOFIN Meetings
6:00pm
USD
Trade Balance
-44.1B
-43.7B
7:30pm
USD
IBD/TIPP Economic Optimism
45.7
44.6
11:30pm
USD
FOMC Meeting Minutes
www.capitalheight.com
info@capitalheight.com PhonePhone (0731)4295950
TECHNICAL VIEW GOLD(AUG) Trend Strategy
• Consolidate • Buy on dips
SILVER(SEP SEP) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 22750 • R1 - 22570
Resistance
• R2 - 56800 • R1 - 55250
support
• S1 - 22280 • S2 - 21970
support
• S1 - 53580 • S2 - 52300
COPPER(AUG)) Trend Strategy
• Consolidate • Buy on dips
CRUDE(JULY JULY) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 447 • R1 - 436
Resistance
• R2 - 4350 • R1 - 4270
support
• S1 - 427 • S2 - 419
support
• S1 - 4160 • S2 - 4070
NATURALGAS(JULY JULY) Trend Strategy
• Consolidate • Sell on high
LEAD(JULY JULY) Trend Strategy
• Consolidate • Buy on dips
Resistance
•R2 - 203 •R1 - 194
Resistance
• R2 - 124.20 • R1 - 120.85
support
•S1 - 185 •S2 - 177
support
• S1 - 118.30 •S2 - 115.50
ZINC(JULY) Trend Strategy
• Consolidate • Sell on high
NICKEL(JULY) Trend Strategy
• Consolidate • Sell on high
Resistance
•R2 - 106.5 •R1 - 104.7
Resistance
•R2 - 1083 •R1 - 1058
support
•S1 - 102.2 •S2 - 98.7
support
•S1 - 1019 •S2 - 983
www.capitalheight.com
info@capitalheight.com PhonePhone (0731)4295950
ALUMINIUM(JULY JULY) Trend Strategy
• Consolidate • Sell on high
Resistance
•R2 - 114.8 •R1 - 111.3
support
•S1 - 108.8 •S2 - 106.5
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 ormation 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. 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 t site or its owners or anyone can n 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