Daily Newsletter Newsletter-Commodity 01/07/2011
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MARKET WRAP Gold falls after Greek win The dollar lost nearly quarter of a percent Copper rallies on relief over Greece U.S. and Brent crude futures turned higher Gold fell on Thursday, although still heading for an 11th consecutive quarterly gain, as growing investor confidence that Greece would avoid a debt default dented perceived safe-haven assets. Copper rallied to its highest in two months on Thursday, boosted by renewed risk appetite that stemmed from the safe passage of Greece's austerity plan, as well as positioning ahead of the end of the first half.
ECONOMIC CALENDAR Date
Time
Currency
Economic Data
Forecast Previous
Fri Jul 1
1:30pm
EUR
Final Manufacturing PMI
52.0
52.0
1:30pm
EUR
Italian Monthly Unemployment Rate
8.1%
8.1%
1:30pm
EUR
Italian Quarterly Unemployment Rate
8.4%
8.5%
2:30pm
EUR
Unemployment Rate
9.9%
9.9%
7:25pm
USD
Revised UoM Consumer Sentiment
72.0
71.8
7:25pm
USD
Revised UoM Inflation Expectations
7:30pm
USD
ISM Manufacturing PMI
51.9
53.5
7:30pm
USD
Construction Spending m/m
0.1%
0.4%
7:30pm
USD
ISM Manufacturing Prices
72.3
76.5
All Day
USD
Total Vehicle Sales
12.0M
11.8M
4.0%
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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 - 22370 • R1 - 22120
Resistance
• R2 - 54800 • R1 - 52750
support
• S1 - 21870 • S2 - 21650
support
• S1 - 50480 • S2 - 49300
COPPER(AUG)) Trend Strategy
• Consolidate • Buy on dips
CRUDE(JULY JULY) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 433 • R1 - 425
Resistance
• R2 - 4370 • R1 - 4290
support
• S1 - 413 • S2 - 405
support
• S1 - 4170 • S2 - 4090
NATURALGAS(JULY JULY) Trend Strategy
• Consolidate • Sell on high
LEAD(JULY JULY) Trend Strategy
• Consolidate • Buy on dips
Resistance
•R2 - 207 •R1 - 201
Resistance
• R2 - 122.5 • R1 - 119.3
support
•S1 - 191 •S2 - 185
support
• S1 - 116.8 •S2 - 113.5
ZINC(JULY) Trend Strategy
• Consolidate • Buy on dips
NICKEL(JULY) Trend Strategy
• Consolidate • Sell on high
Resistance
•R2 - 108.5 •R1 - 105.8
Resistance
•R2 - 1105 •R1 - 1073
support
•S1 - 102.9 •S2 - 100.3
support
•S1 - 1028 •S2 - 993
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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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