Commodity Market News & Trends for Today

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Transcript of Commodity Market News & Trends for Today

  • Daily Newsletter-Commodity 14/10/2013

    www.capitalheight.com

    http://www.capitalheight.com/

  • www.capitalheight.com

    [email protected]

    Phone- (0731)4295650

    MARKET WRAP Gold tumbled to a three-month low

    Silver futures for December delivery declined 2.9 percent

    Copper futures for delivery in December rose 0.7 percent

    Aluminum, zinc, lead and nickel rose in London.

    Crude oil for November delivery slid $1.24

    Gold tumbled to a three-month low on speculation that U.S. lawmakers will reach

    an agreement to increase the nations debt limit and end a government shutdown,

    curbing demand for bullion as a store of value. Gold is heading for the first annual

    loss since 2000 and the biggest decline since 1981, as some investors lost faith in

    the precious metal as a store of value and amid concern that the Fed may slow the

    pace of its $85 billion monthly bond purchases. Silver futures for December

    delivery declined 2.9 percent to $21.259 an ounce, the biggest drop since Sept.

    20. Copper futures for delivery in December rose 0.7 percent to $3.2725 a pound

    on the Comex in New York. West Texas Intermediate crude oil for November

    delivery slid $1.24, or 1.2 percent, to $101.77 a barrel on the New York Mercantile

    Exchange.

    ECONOMIC CALENDAR Date Time Currency Economic Data Forecast Previous

    Mon Oct 14

    2:30pm EUR Industrial Production m/m 0.8% -1.5%

    All Day EUR Eurogroup Meetings

  • www.capitalheight.com

    [email protected]

    Phone- (0731)4295650

    TECHNICAL VIEW GOLD(DEC) SILVER(DEC)

    COPPER(NOV) CRUDE(OCT)

    NATURALGAS(OCT) LEAD(OCT)

    ZINC(OCT) NICKEL(OCT)

    Consolidate

    Buy on dips

    Trend

    Strategy R2 - 29150

    R1 - 28670 Resistance

    S1 - 28130

    S2 - 27650 support

    Consolidate

    Buy on dips

    Trend

    Strategy R2 - 48500

    R1 - 47350 Resistance

    S1 - 45850

    S2 - 44280 support

    Consolidate

    Buy on dips

    Trend

    Strategy R2 - 461

    R1 - 451 Resistance

    S1 - 437

    S2 - 429 support

    Consolidate

    Sell on high

    Trend

    Strategy R2 - 6370

    R1 - 6290 Resistance

    S1 - 6165

    S2 - 6055 support

    Consolidate

    Sell on high

    Trend

    Strategy R2 - 245

    R1 - 237 Resistance

    S1 - 221

    S2 - 213 support

    Consolidate

    Buy on dips

    Trend

    Strategy R2 - 130.7

    R1 - 128.5 Resistance

    S1 - 124.5

    S2 - 121.8 support

    Consolidate

    Buy on dips

    Trend

    Strategy R2 - 119.5

    R1 - 116.8 Resistance

    S1 - 112.3

    S2 - 109.5 support

    Consolidate

    Buy on dips

    Trend

    Strategy R2 - 895

    R1 - 875 Resistance

    S1 - 833

    S2 - 808 support

  • www.capitalheight.com

    [email protected]

    Phone- (0731)4295650

    ALUMINIUM(OCT)

    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 suits them 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 responsibility

    The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. Money CapitalHeight Research Pvt. Ltd. recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Money CapitalHeight Research Pvt. Ltd. shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and 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 Money CapitalHeight Research Pvt. Ltd. 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 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 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. Money CapitalHeight Research Pvt. Ltd. does not 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.

    Consolidate

    Buy on dips

    Trend

    Strategy R2 - 116.5

    R1 - 114.8 Resistance

    S1 - 112.1

    S2 - 109.3 support