Daily Newsletter Newsletter-Commodity 18/07/2011
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MARKET WRAP Gold makes a new all time high of $1594.29 Silver rose nearly $1 to end at $39.23 on Friday Copper rebounds as Dollar strengthened Shanghai copper warehouse stocks rose 22.2% Oil prices advanced on lower Canadian supply The dollar index strengthened as the euro fell across the board Bullions ended up on Friday as European banks stress came disappointing while U.S consumer sentiment added fuel in precious metals. Gold set a new record high of $1594.29 and ended on a strong note at $1593.34. Gains in crude oil, a plunge in U.S. consumer confidence and concerns about euro zone debt contagion also helped the metal to gain. Silver gained 2.2 percent to $39.23 an ounce, near a two-month high of $39.36 set on Thursday. .
ECONOMIC CALENDAR Date
Time
Currency
Economic Data
Forecast Previous
Mon July 18
6:00pm
CAD
Foreign Securities Purchases
7.41B
8.22B
6:00pm
CAD
New Motor Vehicle Sales m/m
0.50%
-1.10%
6:30pm
USD
TIC Long-Term Purchases
48.4B
30.6B
7:30pm
USD
NAHB Housing Market Index
15
13
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TECHNICAL VIEW GOLD(AUG) Trend Strategy
• Bullish • Buy on dips
SILVER(JULY JULY) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 -23320 • R1 -22570
Resistance
• R2 - 62200 • R1 - 59950
support
• S1 - 22780 • S2 - 22430
support
• S1 - 56000 • S2 - 54630
COPPER(JUNE) Trend Strategy
• Consolidate • Buy on dips
CRUDE(JUNE)) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 455 • R1 - 442
Resistance
• R2 - 4500 • R1 - 4415
support
• S1 - 427 • S2 - 416
support
• S1 - 4270 • S2 - 4210
NATURALGAS(JUNE) Trend Strategy
• Consolidate • Buy on dips
LEAD(JUNE) Trend Strategy
• Consolidate • Buy on dips
Resistance
•R2 - 215 •R1 - 208
Resistance
• R2 - 127 • R1 - 123.5
support
•S1 - 198 •S2 - 190
support
• S1 - 117.5 •S2 - 114.5
ZINC(JUNE) Trend Strategy
• Consolidate • Buy on dips
NICKEL(JUNE JUNE) Trend Strategy
• Consolidate • Sell on high
Resistance
•R2 - 111.9 •R1 - 108.8
Resistance
•R2 - 1150 •R1 - 1120
support
•S1 - 102.5 •S2 - 99.2
support
•S1 - 1045 •S2 - 1005
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info@capitalheight.com PhonePhone (0731)4295950
ALUMINIUM(JUNE) Trend Strategy
• Consolidate • Sell on high
Resistance
•R2 - 115 •R1 - 113.3
support
•S1 - 107.5 •S2 - 105.5
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