Daily Newsletter Newsletter-Commodity 20/06/2011
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MARKET WRAP Gold rose nearly 1 percent on Friday Silver was up 0.8 percent at $35.78. Oil prices fell on Friday below 93$ Copper closed almost flat on Friday U.S. consumer sentiment worsened this month Gold rose nearly 1 percent on Friday, notching its biggest one-day gain in three weeks, as a sharp dollar drop amid an outline agreement to aid debt-burden Greece boosted investor appetite across the board. Gold accelerated gains after mixed U.S. data point to a wobbly economic recovery. U.S. consumer sentiment worsened more than forecast in June on continued economic pessimism. Oil prices fell on Friday, with U.S. crude slumping to a four-month low under $93 as a dimmer economic outlook and the European debt crisis drove crude to its biggest weekly loss since early May. Copper closed almost flat on Friday, after mixed data pointing to a shaky economic recovery in the United States limited gains from a weaker dollar.
ECONOMIC CALENDAR Date
Time
Currency
Economic Data
Mon Jun 20
5:20am
JPY
Trade Balance
11:30am
EUR
1:30pm All Day
Forecast Previous -0.54T
-0.50T
German PPI m/m
0.2%
1.0%
EUR
Current Account
-4.8B
-4.7B
EUR
ECOFIN Meetings
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TECHNICAL VIEW GOLD(AUG) Trend Strategy
• Consolidate • Buy on dips
SILVER(JULY JULY) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 22980 • R1 - 22730
Resistance
• R2 - 56200 • R1 - 54850
support
• S1 - 22480 • S2 - 22150
support
• S1 - 53250 • S2 - 51780
COPPER(JUNE) Trend Strategy
• Consolidate • Buy on dips
CRUDE(JULY) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 421 • R1 - 414
Resistance
• R2 - 4370 • R1 - 4290
support
• S1 - 403 • S2 - 395
support
• S1 - 4160 • S2 - 4050
NATURALGAS(JUNE) Trend Strategy
• Consolidate • Sell on high
LEAD(JUNE) Trend Strategy
• Consolidate • Sell on high
Resistance
•R2 - 209 •R1 - 201
Resistance
• R2 - 114.5 • R1 - 111.3
support
•S1 - 191 •S2 - 183
support
• S1 - 108.8 •S2 - 105.5
ZINC(JUNE) Trend Strategy
• Consolidate • Sell on high
NICKEL(JUNE JUNE) Trend Strategy
• Consolidate • Sell on high
Resistance
•R2 - 102.8 •R1 - 99.5
Resistance
•R2 - 1035 •R1 - 993
support
•S1 - 97.3 •S2 - 94.5
support
•S1 - 953 •S2 - 915
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info@capitalheight.com PhonePhone (0731)4295950
ALUMINIUM(JUNE) Trend Strategy
• Consolidate • Sell on high
Resistance
•R2 - 116.8 •R1 - 114.5
support
•S1 - 112.3 •S2 - 109.5
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