Daily Newsletter Newsletter-Commodity 30/06/2011
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MARKET WRAP Gold rose for a second day on Wednesday Oil up 3 pct on U.S. supply draws U.S. crude, gasoline stocks fall The euro rose 0.5 percent Copper ends at 2-month high Copper stocks in LME-monitored warehouse fell 1,350 tonnes Oil rose more than $2 per barrel on Wednesday as government data showed big draws in U.S. crude and gasoline stocks and after the Greek parliament voted in favour of an austerity plan.Gold rose for a second day on Wednesday as confidence grew that Greece would avoid a sovereign debt default by approving steep budget cuts.
ECONOMIC CALENDAR Date
Time
Currency
Economic Data
Forecast Previous
Thu Jun 30
11:30am
EUR
German Retail Sales m/m
0.6%
0.3%
12:15pm
EUR
French Consumer Spending m/m
1.0%
-1.6%
12:30pm
EUR
ECB President Trichet Speaks
1:25pm
EUR
German Unemployment Change
-17K
-8K
1:30pm
EUR
M3 Money Supply y/y
2.2%
2.0%
2:30pm
EUR
CPI Flash Estimate y/y
2.8%
2.7%
Tentative
EUR
Greek Gov Debt Crisis Vote
6:00pm
USD
Unemployment Claims
419K
429K
7:15pm
USD
Chicago PMI
54.1
56.6
8:00pm
USD
Natural Gas Storage
80B
98B
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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 - 22570 • R1 - 22280
Resistance
• R2 - 54800 • R1 - 52750
support
• S1 - 22030 • S2 - 21850
support
• S1 - 50480 • S2 - 49300
COPPER(JUNE) JUNE) Trend Strategy
• Consolidate • Buy on dips
CRUDE(JULY JULY) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 429 • R1 - 421
Resistance
• R2 - 4420 • R1 - 4340
support
• S1 - 409 • S2 - 399
support
• S1 - 4210 • S2 - 4130
NATURALGAS(JULY JULY) Trend Strategy
• Consolidate • Sell on high
LEAD(JUNE JUNE) Trend Strategy
• Consolidate • Sell on high
Resistance
•R2 - 207 •R1 - 201
Resistance
• R2 - 120.5 • R1 - 117.8
support
•S1 - 191 •S2 - 185
support
• S1 - 114.8 •S2 - 110.5
ZINC(JUNE) Trend Strategy
• Consolidate • Sell on high
NICKEL(JUNE) Trend Strategy
• Consolidate • Sell on high
Resistance
•R2 - 105.5 •R1 - 103.2
Resistance
•R2 - 1065 •R1 - 1037
support
•S1 - 100.9 •S2 - 98.8
support
•S1 - 1005 •S2 - 973
www.capitalheight.com
info@capitalheight.com PhonePhone (0731)4295950
ALUMINIUM(JUNE 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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