Daily Commodity News Letter by CapitalHeight 08 09-10
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Transcript of Daily Commodity News Letter by CapitalHeight 08 09-10
Daily Newsletter08/09/2010
Newsletter-Commodity
www.capitalheight.com
www.capitalheight.com
www.capitalheight.com
Phone- (0731)4295950
MARKET WRAP
Oil extends drop to $73 as dollar gains
Copper slips on firm dollar
Gold rises towards $1,260/oz
euro fell 1 percent against the dollar
U.S. stocks fall
Base metals recovers from days low
Gold erased early losses to rise to its highest since late June on Tuesday as investors
returning from the U.S. Labor Day holiday bought the metal as a haven amid concerns
over the health of the European banking system. Oil fell below $74 a barrel on Tuesday
as the dollar strengthened and Tropical Storm Hermine came ashore near the Mexico-
Texas border with no signs of disruption to crude or refining output.
ECONOMIC CALENDAR
Date Time Currency Economic Data Forecast Previous
Wed Sep 8
11:30am EUR German Trade Balance 12.8B 12.3B
12:15pm EUR French Gov Budget Balance -61.7B
12:15pm EUR French Trade Balance -4.1B -3.8B
1:15pm EUR Buba President Weber Speaks
3:30pm EUR German Industrial Production m/m
1.1% -0.6%
11:30pm USD Beige Book
TECHNICAL
GOLD(OCT)
COPPER(NOV)
NATURALGAS(SEP)
ZINC(SEP)
• Consolidate
• Buy on dips
Trend
Strategy• R2 -19480
• R1 -19250Resistance
• S1 -19030
• S2 -18850support
• Bullish
• Buy on dips
Trend
Strategy
• R2 - 371
• R1 - 363Resistance
• S1 - 354
• S2 - 347support
• Consolidate
• Sell on higher
Trend
Strategy
•R2 - 193
•R1 - 185Resistance
•S1 - 178
•S2 - 167support
• Consolidate
• Buy on dips
Trend
Strategy
•R2 - 105.7
•R1 - 102.5Resistance
•S1 - 99.3
•S2 - 96.4support
ECHNICAL VIEW
SILVER(DEC
CRUDE(SEP)
LEAD(SEP)
NICKEL(SEP
• Bullish
• Buy on dips
Trend
Strategy
• R2 - 32380
• R1 - 31650Resistance
• S1 - 31050
• S2 - 30380support
• Consolidate
• Sell on high
Trend
Strategy• R2 - 3580
• R1 - 3510Resistance
• S1 - 3410
• S2 - 3330support
• Consolidate
• Buy on dips
Trend
Strategy• R2 - 105.5
• R1 - 102.8Resistance
• S1 - 100.3
•S2 - 97.8support
• Consolidate
• Sell on high
Trend
Strategy
•R2 - 1068
•R1 - 1045Resistance
•S1 - 1018
•S2 - 995support
www.capitalheight.com
Phone- (0731)4295950
DEC)
)
NICKEL(SEP)
Buy on dips
32380
31650
31050
30380
Consolidate
Sell on high
3580
3510
3410
3330
Consolidate
Buy on dips
105.5
102.8
100.3
97.8
Consolidate
Sell on high
1068
1045
1018
995
ALUMINIUM(SEP)
Disclaimer
The information and views in this report,
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 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. Capitalheight recommends that investors independently evaluate
particular investments and strategies, and en
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 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 owners or anyon
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.
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 - 104.5
•R1 - 101.7Resistance
•S1 - 99.2
•S2 - 97.5support
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
de 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
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. Capitalheight shall
not be responsible for any transaction conducted based on the information given in this report, which is in violation of rule
ice 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
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
. 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
Phone- (0731)4295950
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
de to present the right investment perspective. The information contained herein is based on
herein should be treated as only factor, while making investment decision. The report does not
made investment advice. Capitalheight recommends that investors independently evaluate
courages 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
ice projections shown are not necessarily indicative of future price performance. The information herein,
Capitalheight might be
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
. Any surfing and reading of the information is the acceptance of this disclaimer.
ible for any loss incurred
Capitalheight does not
paid), 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