Daily Newsletter Newsletter-Commodity 01/06/2011
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MARKET WRAP Gold holds near 4-week high Silver set for worst monthly slide since 2008 Drop in the dollar against the euro Oil jumped by more than $2 on Tuesday Copper hits four-week high LME aluminium stocks fell 3,525 tonnes Gold steadied around its highest in nearly four weeks on Tuesday, but surrendered earlier gains after a report that Germany could smooth the way for Greece to get a bailout. Copper rallied to a four-week high on Tuesday, supported by a firmer euro after expectations mounted that a second aid package for Greece would get the go-ahead and after a series of poor U.S. data.
ECONOMIC CALENDAR Date
Time
Currency
Economic Data
Wed Jun 1
1:30pm
EUR
Final Manufacturing PMI
5:00pm
USD
Challenger Job Cuts y/y
5:45pm
USD
ADP Non-Farm Employment Change
6:30pm
EUR
ECB President Trichet Speaks
7:30pm
USD
ISM Manufacturing PMI
7:30pm
USD
Treasury Sec Geithner Speaks
7:30pm
USD
7:30pm All Day
Forecast Previous 54.8
54.8 -4.8%
177K
179K
58.4
60.4
Construction Spending m/m
0.4%
1.4%
USD
ISM Manufacturing Prices
81.9
85.5
USD
Total Vehicle Sales
12.9M
13.2M
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info@capitalheight.com PhonePhone (0731)4295950
TECHNICAL VIEW GOLD(JUNE) Trend Strategy
• Consolidate • Buy on dips
SILVER(JULY JULY) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 -22750 • R1 -22540
Resistance
• R2 - 59500 • R1 - 58450
support
• S1 - 22310 • S2 - 22050
support
• S1 - 56350 • S2 - 54900
COPPER(JUNE) Trend Strategy
• Consolidate • Buy on dips
CRUDE(JUNE)) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 431 • R1 - 423
Resistance
• R2 - 4740 • R1 - 4665
support
• S1 - 409 • S2 - 398
support
• S1 - 4560 • S2 - 4470
NATURALGAS(JUNE) Trend Strategy
• Consolidate • Buy on dips
LEAD(JUNE) Trend Strategy
• Consolidate • Buy on dips
Resistance
•R2 - 225 •R1 - 217
Resistance
• R2 - 119.5 • R1 - 115.8
support
•S1 - 207 •S2 - 198
support
• S1 - 112.3 •S2 - 109.5
ZINC(JUNE) Trend Strategy
• Consolidate • Buy on dips
NICKEL(JUNE JUNE) Trend Strategy
• Consolidate • Sell on high
Resistance
•R2 - 105.5 •R1 - 103.3
Resistance
•R2 - 1115 •R1 - 1083
support
•S1 - 99.2 •S2 - 96.5
support
•S1 - 1043 •S2 - 1005
www.capitalheight.com
info@capitalheight.com PhonePhone (0731)4295950
ALUMINIUM(JUNE) Trend Strategy
• Consolidate • Buy on dips
Resistance
•R2 - 123.5 •R1 - 121.3
support
•S1 - 118.7 •S2 - 116.5
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