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Daily Newsletter02/06/2011
Daily Newsletter-Commodity
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MARKET WRAP
Gold rebounded from early losses on Wednesday
Silver slips almost 2% on Wednesday
Oil falls on weak US economic data
Copper slips on growth concerns
Stocks of copper in LME warehouses rose 3,075 tonnes
Gold rebounded from early losses on Wednesday to a one-month high on safe-haven
buying after U.S. manufacturing data for May came in well below forecasts and below the
robust April reading. Oil prices fell on Wednesday as concerns that slowing economic
growth will curb petroleum demand were reinforced by disappointing reports on U.S.
private sector employment and manufacturing. Copper fell on Wednesday, on signs of
slowing factory activity in China and Europe, and extended losses after below-consensus
jobs and manufacturing data
ECONOMIC CALENDAR
Date Time Currency Economic Data Forecast Previous
Thu Jun 2
2:45pm EUR ECB President Trichet Speaks
6:00pm USD Unemployment Claims 416K 424K
6:00pm USD Revised Nonfarm Productivity q/q 1.8% 1.6%
6:00pm USD Revised Unit Labor Costs q/q 0.8% 1.0%
7:30pm USD Factory Orders m/m -0.3% 3.4%
8:00pm USD Natural Gas Storage 92B 105B
8:30pm USD Crude Oil Inventories -1.7M 0.6M
TECHNICAL
GOLD(JUNE)
COPPER(JUNE)
NATURALGAS(JUNE)
ZINC(JUNE)
• Consolidate
• Buy on dips
Trend
Strategy• R2 -22750
• R1 -22540Resistance
• S1 - 22310
• S2 - 22050support
• Consolidate
• Buy on dips
Trend
Strategy
• R2 - 425
• R1 - 417Resistance
• S1 - 405
• S2 - 396support
• Consolidate
• Buy on dips
Trend
Strategy
•R2 - 225
•R1 - 217Resistance
•S1 - 207
•S2 - 198support
• Consolidate
• Buy on dips
Trend
Strategy
•R2 - 105.5
•R1 - 102.3Resistance
•S1 - 99.2
•S2 - 96.5support
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Phone
ECHNICAL VIEW
SILVER(JULY
CRUDE(JUNE)
LEAD(JUNE)
NICKEL(JUNE
• Consolidate
• Buy on dips
Trend
Strategy
• R2 - 58600
• R1 - 57650Resistance
• S1 - 56350
• S2 - 54900support
• Consolidate
• Buy on dips
Trend
Strategy• R2 - 4690
• R1 - 4615Resistance
• S1 - 4490
• S2 - 4410support
• Consolidate
• Buy on dips
Trend
Strategy• R2 - 118.5
• R1 - 114.8Resistance
• S1 - 111.3
•S2 - 107.5support
• Consolidate
• Sell on high
Trend
Strategy
•R2 - 1115
•R1 - 1068Resistance
•S1 - 1043
•S2 - 1005support
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JULY)
)
JUNE)
Consolidate
Buy on dips
58600
57650
56350
54900
Consolidate
Buy on dips
4690
4615
Consolidate
Buy on dips
118.5
114.8
111.3
107.5
Consolidate
Sell on high
ALUMINIUM(JUNE)
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 sui
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
The information given herein should be treated as only factor, while making investment decision. The report does not provide
individually tailor-made investment advice. Capitalheight recommends that investors independently evaluate
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 an
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
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 own
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
whatsoever for any financial profits or loss which may arise from the recommendations above.
purport to be an invitation or an offer to buy or sell any
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 so
• Consolidate
• Buy on dips
Trend
Strategy
•R2 - 122.5
•R1 - 120.3Resistance
•S1 - 117.7
•S2 - 114.5support
info@capitalheight.com
Phone
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 sui
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
made investment advice. Capitalheight recommends that investors independently evaluate
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 an
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 Ca
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 own
be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer.
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
purport to be an invitation or an offer to buy or sell 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 so then Serious Legal Actions can be taken.
www.capitalheight.com
info@capitalheight.com
Phone- (0731)4295950
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 them
Sincere efforts have been made to present the right investment perspective. The information contained herein is based on
The information given herein should be treated as only factor, while making investment decision. The report does not provide
made investment advice. Capitalheight recommends that investors independently evaluate 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
price projections shown are not necessarily indicative of future price performance. The information herein,
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 or anyone can
we are not responsible for any loss incurred
Capitalheight does not
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