Daily Newsletter Newsletter-Commodity 23/06/2011
www.capitalheight.com
info@capitalheight.com Phone- (0731)4295950
MARKET WRAP Copper eased as the dollar strenghtened Lead, zinc cancelled warrants jump in Asia Oil rises further after U.S. Fed statement Gold hits new recent high above 1557$ Dollar gained against Euro Copper eased as the dollar strenghtened ahead of a U.S. rate statement on Wednesday and markets focused on Greece, while signs of stronger demand growth from top consumer China helped underpin prices. Oil bounced from its earlier dip on Wednesday ahead of the release of the U.S. weekly oil data, which is expected to show a drop in crude inventories.
ECONOMIC CALENDAR Date Thu Jun 23
Time
Currency
Economic Data
Forecast Previous
1:00pm
EUR
German Flash Manufacturing PMI
57.1
57.7
1:00pm
EUR
German Flash Services PMI
55.8
56.1
1:30pm
EUR
Flash Manufacturing PMI
53.9
54.6
1:30pm
EUR
Flash Services PMI
55.5
56.0
Day 1
EUR
EU Economic Summit
6:00pm
USD
Unemployment Claims
414K
414K
7:30pm
USD
New Home Sales
311K
323K
8:00pm
USD
Natural Gas Storage
91B
69B
9:30pm
EUR
ECB President Trichet Speaks
www.capitalheight.com
info@capitalheight.com PhonePhone (0731)4295950
TECHNICAL VIEW GOLD(AUG) Trend Strategy
• Consolidate • Buy on dips
SILVER(JULY JULY) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 23180 • R1 - 22870
Resistance
• R2 - 57200 • R1 - 55550
support
• S1 - 22630 • S2 - 22350
support
• S1 - 54250 • S2 - 52780
COPPER(JUNE) Trend Strategy
• Consolidate • Buy on dips
CRUDE(JULY) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 418 • R1 - 409
Resistance
• R2 - 4410 • R1 - 4330
support
• S1 - 399 • S2 - 391
support
• S1 - 4180 • S2 - 4090
NATURALGAS(JUNE) Trend Strategy
• Consolidate • Sell on high
LEAD(JUNE) Trend Strategy
• Consolidate • Sell on high
Resistance
•R2 - 209 •R1 - 201
Resistance
• R2 - 116.5 • R1 - 113.8
support
•S1 - 191 •S2 - 183
support
• S1 - 110.8 •S2 - 107.5
ZINC(JUNE) Trend Strategy
• Consolidate • Sell on high
NICKEL(JUNE JUNE) Trend Strategy
• Consolidate • Sell on high
Resistance
•R2 - 102.8 •R1 - 100.8
Resistance
•R2 - 1045 •R1 - 1017
support
•S1 - 98.3 •S2 - 95.8
support
•S1 - 977 •S2 - 945
www.capitalheight.com
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
Disclaimer The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits sui them the most. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. This material is for personal information and based upon it & takes no responsibility The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made made investment advice. Capitalheight recommends that investors independently evaluate evaluat particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Capitalheight shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations of MCX and NCDEX. The metals price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to Capitalheight might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners o or anyone can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer. All Rights Reserved. Investment in Commodity and equity market has its own risks. We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any loss incurred whatsoever for any financial profits or loss which may arise from the recommendations above. Capitalheight does not purport to be an invitation or an offer to buy or sell an any financial instrument. Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found sso then Serious Legal Actions can be taken.
www.capitalheight.com