Daily Commodity News Letter by CapitalHeight 10-12-2010

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Daily Newsle 10/12/2010 etter-Commodity www.capita alheight.com

description

Daily Newsletter 10/12/2010 www.capitalheight.com www.capitalheight.com Oil falls for third day on dollar Gold builds on gains as dollar weakens Initial weekly jobless claims fell last week by more than expected Copper hits record high, supplies in focus Dollar strengthens, euro hit by Irish uncertainty 8:25pm USD Prelim UoM Inflation Expectations Date Time Currency Economic Data Forecast Previous 0.4% 0.1% 72.4 71.6 Fri Dec 10 [email protected] Phone- (0731)4295950 3.0% www.capitalheight.com

Transcript of Daily Commodity News Letter by CapitalHeight 10-12-2010

Page 1: Daily Commodity  News Letter by CapitalHeight 10-12-2010

Daily Newsletter10/12/2010

Daily Newsletter-Commodity

www.capitalheight.com

www.capitalheight.com

Page 2: Daily Commodity  News Letter by CapitalHeight 10-12-2010

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Phone- (0731)4295950

MARKET WRAP

Oil falls for third day on dollar

Gold builds on gains as dollar weakens

Initial weekly jobless claims fell last week by more than expected

Copper hits record high, supplies in focus

Dollar strengthens, euro hit by Irish uncertainty

Copper fell from an earlier record high on Thursday as investors worried about demand in

China ahead of key trade data from the top metals consumer, offsetting bullish signs of

market tightness. Gold edged up on Thursday after an upbeat report on the U.S. jobs

market encouraged some investor risk appetite, which in turn knocked the dollar in favour

of higher-yielding currencies and commodities. U.S. crude oil futures prices turned

negative on Thursday, erasing previous gains of as much as $1 after the dollar

strengthened and data from Europe showed a build up in oil stocks despite cold weather.

ECONOMIC CALENDAR

Date Time Currency Economic Data Forecast Previous

Fri Dec 10

12:30pm EUR German WPI m/m 0.5% -0.3%

1:15pm EUR French Industrial Production m/m

0.4% 0.1%

2:30pm EUR Italian Industrial Production m/m 0.8% -2.1%

7:00pm USD Trade Balance -43.5B -44.0B

7:00pm USD Import Prices m/m 0.9% 0.9%

8:25pm USD Prelim UoM Consumer Sentiment

72.4 71.6

8:25pm USD Prelim UoM Inflation Expectations

3.0%

Page 3: Daily Commodity  News Letter by CapitalHeight 10-12-2010

TECHNICAL

GOLD(FEB)

COPPER(FEB)

NATURALGAS(DEC)

ZINC(DEC)

• Consolidate

• Buy on dips

Trend

Strategy• R2 -20890

• R1 -20680Resistance

• S1 -20420

• S2 -20150support

• Bullish

• Buy on dips

Trend

Strategy

• R2 - 423

• R1 - 416Resistance

• S1 - 405

• S2 - 397support

• Consolidate

• Sell on high

Trend

Strategy

•R2 - 219

•R1 - 211Resistance

•S1 - 202

•S2 - 195support

• Consolidate

• Buy on dips

Trend

Strategy

•R2 - 108.5

•R1 - 105.7Resistance

•S1 - 102.8

•S2 - 99.5support

ECHNICAL VIEW

SILVER(MAR

CRUDE(DEC)

LEAD(DEC)

NICKEL(DEC

• Consolidate

• Buy on dips

Trend

Strategy

• R2 - 45350

• R1 - 44150Resistance

• S1 - 42850

• S2 - 41850support

• Consolidate

• Buy on dips

Trend

Strategy• R2 - 4110

• R1 - 4040Resistance

• S1 - 3960

• S2 - 3880support

• Consolidate

• Buy on dips

Trend

Strategy• R2 - 114.5

• R1 - 110.8Resistance

• S1 - 106.8

•S2 - 104.5support

• Consolidate

• Buy on dips

Trend

Strategy

•R2 - 1145

•R1 - 1105Resistance

•S1 - 1065

•S2 - 1033support

www.capitalheight.com

[email protected]

Phone- (0731)4295950

MAR)

)

)

NICKEL(DEC)

Consolidate

Buy on dips

45350

44150

42850

41850

Consolidate

Buy on dips

4110

4040

3960

3880

Consolidate

Buy on dips

114.5

110.8

106.8

104.5

Consolidate

Buy on dips

1145

1105

1065

1033

Page 4: Daily Commodity  News Letter by CapitalHeight 10-12-2010

ALUMINIUM(DEC)

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 decis

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. Capitalhe

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 pe

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 throu

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

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

purport to be an invitation or an offer to buy or sell any financial instrument.

anyone else have no rights to forward or shar

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 - 110.5

•R1 - 107.3Resistance

•S1 - 105.2

•S2 - 102.7support

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. Capitalhe

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

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

[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

ion. 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

rformance. The information herein,

Capitalheight might be

gh 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

disclaimer.

we are not responsible for any loss incurred

Capitalheight does not

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

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