Daily Newsletter Newsletter-Commodity 21/06/2011
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MARKET WRAP Copper falls on demand concerns Euro zone ministers press Greece on bailout Nickel hits lowest since November last year Nickel inventories in LME-monitored warehouses fell by 516 tonnes Lead inventories in LME-monitored warehouses fell by 125 tonnes Gold gained on Monday as the euro strengthened Oil prices fell on Monday, extending last week's losses Oil prices fell on Monday, extending last week's losses, as risk aversion increased after euro zone finance ministers postponed a final decision on emergency loans to Greece. Gold gained on Monday as the euro strengthened and the precious metal remained supported by euro zone debt woes. Copper fell on Monday as investors lost their appetite for risk on concerns over metals demand and after European finance ministers postponed an emergency loan to help Greece avoid defaulting.
ECONOMIC CALENDAR Date
Time
Currency
Economic Data
Forecast Previous
Tue 10:00am Jun 21 2:30pm
JPY
All Industries Activity m/m
1.9%
-6.3%
EUR
-1.7
3.1
2:30pm
EUR
German ZEW Economic Sentiment ZEW Economic Sentiment
9.4
13.6
7:30pm
USD
Existing Home Sales
4.82M
5.05M
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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 - 22770
Resistance
• R2 - 56200 • R1 - 54850
support
• S1 - 22530 • S2 - 22350
support
• S1 - 53250 • S2 - 51780
COPPER(JUNE) Trend Strategy
• Consolidate • Buy on dips
CRUDE(JULY) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 418 • R1 - 409
Resistance
• R2 - 4370 • R1 - 4290
support
• S1 - 399 • S2 - 391
support
• S1 - 4130 • 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 - 96.5 •S2 - 93.8
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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