Daily Commodity News Letter by CapitalHeight 09 09-10

4
Daily Newsle 09/09/2010 etter-Commodity www.capita alheight.com

Transcript of Daily Commodity News Letter by CapitalHeight 09 09-10

Page 1: Daily Commodity News Letter by CapitalHeight 09 09-10

Daily Newsletter09/09/2010

Newsletter-Commodity

www.capitalheight.com

www.capitalheight.com

Page 2: Daily Commodity News Letter by CapitalHeight 09 09-10

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Phone- (0731)4295950

MARKET WRAP

Oil rises above $74 on strong U.S. equities

Silver climbs to fresh 2-1/2 yr high

Gold nears record as economy bears circle markets

Copper erases losses as equities rise

Gold rose for a third day on Wednesday to within reach of another record high and

silver hit a 2-1/2 year peak as the waves of nervousness over the global economy

steered investors into perceived safe-haven assets. Copper traded flat on Wednesday

as global growth jitters and concerns about the health of the European banking system

offset falling inventories. Oil inched down to around $74 a barrel on Wednesday

following two sessions of declines as gains in European equity markets helped pare

losses.

ECONOMIC CALENDAR

Date Time Currency Economic Data Forecast Previous

Thu Sep 9

12:30am USD Consumer Credit m/m -4.2B -1.3B

11:00am EUR French Final Non-Farm Payrolls q/q 0.2% 0.2%

11:30am EUR German Final CPI m/m 0.0% 0.0%

1:30pm EUR ECB Monthly Bulletin

6:00pm USD Trade Balance -47.4B -49.9B

6:00pm USD Unemployment Claims 470K 472K

8:00pm USD Natural Gas Storage 51B 54B

8:30pm USD Crude Oil Inventories 0.7M 3.4M

Page 3: Daily Commodity News Letter by CapitalHeight 09 09-10

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 - 106.7

•R1 - 103.5Resistance

•S1 - 100.7

•S2 - 97.5support

ECHNICAL VIEW

SILVER(DEC

CRUDE(SEP)

LEAD(SEP)

NICKEL(SEP

• Bullish

• Buy on dips

Trend

Strategy

• R2 - 32380

• R1 - 31750Resistance

• S1 - 31250

• S2 - 30380support

• Consolidate

• Sell on high

Trend

Strategy• R2 - 3580

• R1 - 3510Resistance

• S1 - 3410

• S2 - 3330support

• Consolidate

• Buy on dips

Trend

Strategy• R2 - 106.5

• R1 - 103.8Resistance

• S1 - 101.3

•S2 - 97.8support

• Consolidate

• Buy on dips

Trend

Strategy

•R2 - 1115

•R1 - 1083Resistance

•S1 - 1047

•S2 - 1016support

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[email protected]

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DEC)

)

NICKEL(SEP)

Buy on dips

32380

31750

31250

30380

Consolidate

Sell on high

3580

3510

3410

3330

Consolidate

Buy on dips

106.5

103.8

101.3

97.8

Consolidate

Buy on dips

1115

1083

1047

1016

Page 4: Daily Commodity News Letter by CapitalHeight 09 09-10

ALUMINIUM(SEP)

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 - 104.5

•R1 - 101.7Resistance

•S1 - 99.2

•S2 - 97.5support

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