Daily Newsletter Newsletter-Commodity 11/07/2011
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MARKET WRAP Copper rally stalls after gloomy U.S. jobs data U.S. unemployment rate rose to 9.2 percent Stocks of copper in LME-registered warehouses dipped 100 tonnes Lead inventories at 308,300 tonnes, the lowest since late April Gold prices on Friday posted their biggest weekly rise Dollar falls against many currencies Oil dips on jobs data U.S. June jobs report disappoints Copper fell on Friday, putting the brakes on a two-week rally as a dismal set of U.S. employment data scaled back some recovery optimism. Gold prices on Friday posted their biggest weekly rise since November 2009, achieved after a weak U.S. labor market report renewed fears about the health of the world's biggest economy and spurred safehaven buying. Oil ended a strong week on a downbeat note on Friday as a dismal U.S. jobs report cast a pall on the economic outlook.
ECONOMIC CALENDAR Date
Time
Currency
Economic Data
Forecast Previous
Mon Jul 11
5:20am
JPY
M2 Money Stock y/y
2.8%
2.7%
10:30am
JPY
Household Confidence
35.7
34.2
11:30am
JPY
Prelim Machine Tool Orders y/y
12:15pm
EUR
French Industrial Production m/m
34.0% 0.5%
-0.3%
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TECHNICAL VIEW GOLD(AUG) Trend Strategy
• Consolidate • Buy on dips
SILVER(SEP SEP) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 22750 • R1 - 22450
Resistance
• R2 - 56800 • R1 - 55750
support
• S1 - 22180 • S2 - 21970
support
• S1 - 54580 • S2 - 53300
COPPER(AUG)) Trend Strategy
• Consolidate • Buy on dips
CRUDE(JULY JULY) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 447 • R1 - 439
Resistance
• R2 - 4435 • R1 - 4350
support
• S1 - 427 • S2 - 419
support
• S1 - 4240 • S2 - 4150
NATURALGAS(JULY JULY) Trend Strategy
• Consolidate • Sell on high
LEAD(JULY JULY) Trend Strategy
• Consolidate • Buy on dips
Resistance
•R2 - 197 •R1 - 191
Resistance
• R2 - 124.20 • R1 - 120.85
support
•S1 - 181 •S2 - 172
support
• S1 - 118.50 •S2 - 115.50
ZINC(JULY) Trend Strategy
• Consolidate • Buy on dips
NICKEL(JULY) Trend Strategy
• Consolidate • Sell on high
Resistance
•R2 - 108.5 •R1 - 106.4
Resistance
•R2 - 1115 •R1 - 1078
support
•S1 - 104.2 •S2 - 101.3
support
•S1 - 1034 •S2 - 1015
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info@capitalheight.com PhonePhone (0731)4295950
ALUMINIUM(JULY JULY) Trend Strategy
• Consolidate • Sell on high
Resistance
•R2 - 117.8 •R1 - 114.7
support
•S1 - 111.5 •S2 - 108.7
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