Commodity Tips Report by CapitalHeight

Weekly Newsletter07/03/2011

Weekly Newsletter-Commodity

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Commodity



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Weekly Newsletter

Contents

Market Wrap

Technical Analysis

Gold ( Comex)

Silver ( Comex)

Crude ( Nymex)

Naturalgas ( Nymex)

Copper (Comex)

USD/INR



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MARKET WRAP

Gold rose above $1,430 an ounce

Silver surged to 31-year highs

U.S. jobless rate slipped to a nearly two-year low of 8.9 percent

U.S. payrolls rose more than expected in February

Crude oil climbs above 104.5$

Gold ended up for 5th consecutive week & made a new all time high of $1440.45. Gold

jumped 1% due to positive correlation with oil of late and investors piling into safe haven,

to end up at $1427.95. Though going forward, its uptrend is questionable as the turnover

was weaker than usual and can it sustain $1420 level without Mid-East crisis.

SPDR ETF gold holdings fell to 1,210.621 tonnes, their lowest since Mid May last year.

Silver surged more than 3% to a 31 year high making a fresh all time high of $ 35.55 and

ended on a strong note at $35.52. Silver has rose on record coin buying in a tight physical

market and strong demand for industrial metals as the global economy recovers. The

Gold – Silver ratio declined to 13 year low; weakest since 1998. Holdings of silver backed

ETF, iShare silver trust rose to a two month high of 10,794.89 tonnes.

Crude oil ended up for 3rd consecutive week gaining nearly $5 and made a new multi

year high of $104.93 to end on a strong note at $104.73. Crude oil jumped as Mid-east

tensions unfold and rebels fights near crucial oil terminals in Libya. The hedge funds have

increased bets in Crude oil by 30% taking their net long positions to a record high.

The EIA crude oil inventories came down at (-)0.4M vs. 0.8M as against expected 1.1M.

TECHNICAL

WEEKLY PIVOT

SCRIPT R4 R3 R2

GOLD 1531 1496 1460

OUTLOOK

Trend:- Consolidate

Resistance:- 1455

Support:- 1420,1394

Strategy:- Buy on dips

ECHNICAL VIEW GOLD

R2 R1 P S1 S2

1460 1445 1425 1409 1389

Consolidate

1455,1479$

1394$

Buy on dips

GOLD WEEKLY



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S3 S4

1354 1318

WEEKLY PIVOT

SCRIPT R4 R3 R2

SILVER 41.66 39.37 37.08

OUTLOOK

Trend:- Bullish

Resistance:- 36.30,37.65

Support:- 34.95,32.


SILVER

R2 R1 P S1 S2

37.08 36.31 34.79 34.02 32.50

36.30,37.65$

32.90$

Buy on dips

SILVER WEEKLY



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S3 S4

30.21 27.92

WEEKLY PIVOT

SCRIPT R4 R3 R2

CRUDE 127.6 119.1 110.6

OUTLOOK

Trend:- Bullish


Support:- 100.1,97.1


CRUDE

R2 R1 P S1 S2

110.6 107.7 102.0 99.2 93.5

5,117.4$

100.1,97.1$

Buy on dips

CRUDE WEEKLY



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S3 S4

85.0 76.5

WEEKLY PIVOT

SCRIPT R4 R3 R2

NG 4.96 4.60 4.23

OUTLOOK

Trend:- Consolidate


Support:- 3.690,3.2

Strategy:- Sell on high

NATURALGAS

R2 R1 P S1 S2

4.23 4.01 3.87 3.65 3.50

Consolidate

4.255,4.830$

0,3.210$

Sell on high

NATURALGAS WEEKLY



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S3 S4

3.14 2.77

WEEKLY PIVOT

SCRIPT R4 R3

COPPER 481.5 470.3 459.1

OUTLOOK

Trend:- Consolidate

Resistance:- 455,469

Support:- 440,421


COPPER

R2 R1 P S1 S2

459.1 453.1 447.9 441.9 436.7

Consolidate

455,469

1

Buy on dips

COPPER WEEKLY



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S3 S4

425.5 414.3

WEEKLY PIVOT

SCRIPT R4 R3 R2

INR 46.50 46.00 45.50

OUTLOOK

Trend:- Consolidate


Support:- 44.60,44.10


USD/INR

R2 R1 P S1 S2

45.50 45.20 45.00 44.70 44.50

Consolidate

5,46.25

,44.10

Buy on dips

USD/INR WEEKLY



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Phone- (0731)4295950

S3 S4

44.00 43.50



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Commodity Tips Report by CapitalHeight

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