COMMODITY NEWS LETTER DAILY (1)

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Daily Newsle 10/03/2011 etter-Commodity www.capita alheight.com

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Daily Newsletter 10/03/2011 www.capitalheight.com www.capitalheight.com 12:00am USD Treasury Sec Geithner Speaks 12:00pm EUR French Final Non-Farm Payrolls q/q Gold underpinned by raging violence in Libya Copper loses ground on stronger oil price LME stocks of copper fall Zinc falls almost 5% on Wednesday Base metals tumbles on Wednesday Date Time Currency Economic Data Forecast Previous 0.2% 0.2% Thu Mar 10 [email protected] Phone- (0731)4295950 www.capitalheight.com

Transcript of COMMODITY NEWS LETTER DAILY (1)

Page 1: COMMODITY NEWS LETTER DAILY (1)

Daily Newsletter10/03/2011

Daily Newsletter-Commodity

www.capitalheight.com

www.capitalheight.com

Page 2: COMMODITY NEWS LETTER DAILY (1)

www.capitalheight.com

[email protected]

Phone- (0731)4295950

MARKET WRAP

Gold underpinned by raging violence in Libya

Copper loses ground on stronger oil price

LME stocks of copper fall

Zinc falls almost 5% on Wednesday

Base metals tumbles on Wednesday

Gold was little changed on Wednesday as investors booked profits, erasing earlier

gains driven by intensifying political unrest across North Africa and the Middle East and

renewed worries over euro zone debt. Copper fell on Wednesday as strengthening

crude oil prices kept investors worried that inflationary pressures could hit economic

growth and demand. U.S. crude inventories rose much more than expected last week

as imports rose.

ECONOMIC CALENDAR

Date Time Currency Economic Data Forecast Previous

Thu Mar 10

12:00am USD Treasury Sec Geithner Speaks

12:00pm EUR French Final Non-Farm Payrolls q/q

0.2% 0.2%

12:30pm EUR German Trade Balance 13.7B 14.0B

2:30pm EUR ECB Monthly Bulletin

7:00pm USD Trade Balance -41.4B -40.6B

7:00pm USD Unemployment Claims 375K 368K

9:00pm USD Natural Gas Storage

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TECHNICAL

GOLD(APR)

COPPER(APR)

NATURALGAS(MAR)

ZINC(MAR)

• Bullish

• Buy on dips

Trend

Strategy• R2 -21480

• R1 -21170Resistance

• S1 -20930

• S2 -20750support

• Consolidate

• Sell on high

Trend

Strategy

• R2 - 435

• R1 - 427Resistance

• S1 - 417

• S2 - 409support

• Consolidate

• Sell on high

Trend

Strategy

•R2 - 191

•R1 - 183Resistance

•S1 - 173

•S2 - 165support

• Consolidate

• Sell on high

Trend

Strategy

•R2 - 107.5

•R1 - 104.3Resistance

•S1 - 101.2

•S2 - 98.3support

ECHNICAL VIEW

SILVER(MAY

CRUDE(MAR

) LEAD(MAR

NICKEL(MAR

• Bullish

• Buy on dips

Trend

Strategy

• R2 - 55800

• R1 - 54750Resistance

• S1 - 53150

• S2 - 51700support

• Consolidate

• Buy on dips

Trend

Strategy• R2 - 4870

• R1 - 4790Resistance

• S1 - 4670

• S2 - 4580support

• Consolidate

• Sell on high

Trend

Strategy• R2 - 117.5

• R1 - 115.3Resistance

• S1 - 111.5

•S2 - 108.3support

• Consolidate

• Sell on high

Trend

Strategy

•R2 - 1255

•R1 - 1217Resistance

•S1 - 1173

•S2 - 1135support

www.capitalheight.com

[email protected]

Phone- (0731)4295950

MAY)

CRUDE(MAR)

LEAD(MAR)

NICKEL(MAR)

Buy on dips

55800

54750

53150

51700

Consolidate

Buy on dips

4870

4790

4670

4580

Consolidate

Sell on high

117.5

115.3

111.5

108.3

Consolidate

Sell on high

1255

1217

1173

1135

Page 4: COMMODITY NEWS LETTER DAILY (1)

ALUMINIUM(MAR)

Disclaimer

The information and views in this report, our website & all the service we provide are believed to be reliable,

accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that sui

them the most.

Sincere efforts have been made to present the right investment perspective. The information contain

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

provide individually tailor-made investment advice. Capitalheight recommends that investors independently evaluate

particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Capi

not be responsible for any transaction conducted based on the information given in this report, which is in violation of rule

and regulations of MCX and NCDEX.

The metals price projections shown are not necessarily indicative of future pri

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

his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyon

can be held responsible for . Any surfing and reading of the information is the acceptance of

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.

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 financial instrument.

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 - 118.7

•R1 - 116.5Resistance

•S1 - 114.2

•S2 - 111.5support

The information and views in this report, our website & all the service we provide are believed to be reliable,

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 contain

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

made investment advice. Capitalheight recommends that investors independently evaluate

particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Capi

not be responsible for any transaction conducted based on the information given in this report, which is in violation of rule

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 Capitalheight

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 anyon

can 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

s 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

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

[email protected]

Phone- (0731)4295950

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

Sincere efforts have been made to present the right investment perspective. The information contained herein is based on

decision. The report does not

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

ce performance. The information herein,

Capitalheight might be

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

this disclaimer.

we are not responsible for any loss incurred

Capitalheight does not

Our Clients (Paid Or Unpaid), Any third party or

share our calls or SMS or Report or Any Information Provided by us to/with anyone