Daily Newsletter Newsletter-Commodity 28/06/2011
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MARKET WRAP Gold falls as safe-haven bids ease Euro rises on Greece's debt hopes Silver was down 2 percent at $33.58 an ounce Copper fell on Monday due to uncertainty about the Greek debt crisis U.S. consumer spending was unchanged in May Inventories of copper in LME warehouses fell 3,175 tonnes Brent crude prices rose on Monday Gold fell for a third session on Monday, weighed down by economic optimism as investors bet debt-laden Greece would take action needed to avoid a default, pressuring safe-haven demand. Copper fell on Monday due to uncertainty about the Greek debt crisis and about monetary policy in the world's largest economy, the United States.
ECONOMIC CALENDAR Date
Time
Currency
Economic Data
Tue Jun 28
11:30am
EUR
GfK German Consumer Climate
11:30am
EUR
All Day
Forecast Previous 5.4
5.5
German Import Prices m/m
-0.4%
0.3%
EUR
German Prelim CPI m/m
0.1%
0.0%
6:30pm
USD
S&P/CS Composite-20 HPI y/y
-3.9%
-3.6%
7:30pm
USD
CB Consumer Confidence
60.8
60.8
7:30pm
USD
Richmond Manufacturing Index
2
-6
9:30pm
USD
FOMC Member Fisher Speaks
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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 - 22570 • R1 - 22280
Resistance
• R2 - 54800 • R1 - 52750
support
• S1 - 22030 • S2 - 21850
support
• S1 - 50180 • S2 - 49300
COPPER(JUNE) Trend Strategy
• Consolidate • Buy on dips
CRUDE(JULY) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 418 • R1 - 411
Resistance
• R2 - 4270 • R1 - 4180
support
• S1 - 399 • S2 - 391
support
• S1 - 4050 • S2 - 3970
NATURALGAS(JULY) Trend Strategy
• Consolidate • Sell on high
LEAD(JUNE) Trend Strategy
• Consolidate • Sell on high
Resistance
•R2 - 207 •R1 - 199
Resistance
• R2 - 119.5 • R1 - 116.8
support
•S1 - 189 •S2 - 181
support
• S1 - 113.8 •S2 - 109.5
ZINC(JUNE) Trend Strategy
• Consolidate • Sell on high
NICKEL(JUNE JUNE) Trend Strategy
• Consolidate • Sell on high
Resistance
•R2 - 103.8 •R1 - 101.8
Resistance
•R2 - 1045 •R1 - 1017
support
•S1 - 99.3 •S2 - 95.8
support
•S1 - 977 •S2 - 945
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info@capitalheight.com PhonePhone (0731)4295950
ALUMINIUM(JUNE) Trend Strategy
• Consolidate • Sell on high
Resistance
•R2 - 116.8 •R1 - 113.5
support
•S1 - 110.3 •S2 - 108.5
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