Daily Newsletter Newsletter-Commodity 04/07/2011
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MARKET WRAP Oil falls on weak China data China's factory sector grew at its slowest pace in 28 months in June Gold fell more than 1 percent on Friday The dollar index firmed 0.2 percent Copper rises for fourth day on bright U.S. data Aluminium LME warehouses had fallen nearly 16,000 tonnes Oil fell on Friday on signs of slower growth in China and weaker U.S. consumer sentiment, offsetting a supportive report showing an improving manufacturing sector in the United States. Gold fell more than 1 percent on Friday to a six-week low, hurt by a drop in oil prices, gains in the dollar versus a currency basket, and Greece's approval of an austerity package, which cut the metal's appeal as a haven from risk. Copper steadied on Friday after mixed data showed the pace of manufacturing growth in the United States had increased in June, but that factory activity in top metals consumer China had slowed raising concerns about demand.
ECONOMIC CALENDAR Date
Time
Currency
Economic Data
Mon Jul 4
5:20am
JPY
Monetary Base y/y
2:00pm
EUR
Sentix Investor Confidence
2:30pm
EUR
PPI m/m
All Day
USD
Bank Holiday
Forecast Previous 16.4%
16.2%
1.1
3.5
-0.1%
0.9%
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info@capitalheight.com PhonePhone (0731)4295950
TECHNICAL VIEW GOLD(AUG) Trend Strategy
• Consolidate • Buy on dips
SILVER(SEP SEP) Trend Strategy
• Consolidate • Buy on dips
Resistance
• R2 - 22150 • R1 - 21870
Resistance
• R2 - 54800 • R1 - 52750
support
• S1 - 21520 • S2 - 21250
support
• S1 - 50280 • S2 - 49300
COPPER(AUG)) Trend Strategy
• Consolidate • Buy on dips
CRUDE(JULY JULY) Trend Strategy
• Consolidate • Sell on high
Resistance
• R2 - 439 • R1 - 431
Resistance
• R2 - 4370 • R1 - 4290
support
• S1 - 417 • S2 - 409
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 - 1093 •R1 - 1057
support
•S1 - 102.9 •S2 - 100.3
support
•S1 - 1028 •S2 - 993
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info@capitalheight.com PhonePhone (0731)4295950
ALUMINIUM(JULY JULY) Trend Strategy
• Consolidate • Sell on high
Resistance
•R2 - 116.8 •R1 - 113.5
support
•S1 - 110.3 •S2 - 108.5
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