Daily Commodity News Letter by CapitalHeight 20-12-2010

Daily Newsletter20/12/2010

Daily Newsletter-Commodity

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MARKET WRAP

SPDR gold ETF sees further outflow

The euro declined for a second straight week against the dollar

Gold firms as Europe debt fears drive safety play

Copper closed up on Friday

Oil higher as growth hopes offset euro woes

Gold prices turned higher late Friday, moving back to the top of the session range, as

some investors returned to the yellow metal as a safe-haven play when the euro fell in

response to Moody's downgrade of Ireland's credit rating. Copper closed up on Friday,

notching its third consecutive week of gains, as short-term technical momentum and

bullish demand prospects from China in the new year kept prices buoyant near all-time

record peaks. Oil prices rose on Friday in seesaw trading and posted a weekly gain as

supportive U.S. economic data. Stocks of copper in LME warehouses rose for the fifth

day in a row. Latest data showed a small increase of 600 tonnes, to 361,400 tonnes.

That is little more than seven days of global consumption.

ECONOMIC CALENDAR

Date Time Currency Economic Data Forecast Previous

Mon Dec 20

12:30pm EUR German PPI m/m 0.4% 0.4%

2:30pm EUR Current Account -6.2B -13.1B

8:30pm EUR Consumer Confidence -9 -10

TECHNICAL

GOLD(FEB)

COPPER(FEB)

NATURALGAS(DEC)

ZINC(DEC)

• Consolidate

• Buy on dips

Trend

Strategy• R2 -20890

• R1 -20630Resistance

• S1 -20380

• S2 -20180support

• Bullish

• Buy on dips

Trend

Strategy

• R2 - 431

• R1 - 422Resistance

• S1 - 414

• S2 - 405support

• Consolidate

• Sell on high

Trend

Strategy

•R2 - 201

•R1 - 193Resistance

•S1 - 181

•S2 - 172support

• Consolidate

• Sell on high

Trend

Strategy

•R2 - 107.5

•R1 - 104.3Resistance

•S1 - 101.8

•S2 - 98.5support

ECHNICAL VIEW

SILVER(MAR

CRUDE(JAN)

LEAD(DEC)

NICKEL(DEC

• Consolidate

• Buy on dips

Trend

Strategy

• R2 - 45750


• S1 - 43850

• S2 - 42950support

• Consolidate

• Buy on dips

Trend

Strategy• R2 - 4170


• S1 - 3990

• S2 - 3910support

• Consolidate

• Buy on dips

Trend

Strategy• R2 - 114.5

• R1 - 110.9Resistance

• S1 - 108.8

•S2 - 106.5support

• Consolidate

• Buy on dips

Trend

Strategy

•R2 - 1177

•R1 - 1145Resistance

•S1 - 1117

•S2 - 1084support


[email protected]

Phone- (0731)4295950

MAR)

)

)

NICKEL(DEC)

Consolidate

Buy on dips

45750

45050

43850

42950

Consolidate

Buy on dips

4170

4080

3990

3910

Consolidate

Buy on dips

114.5

110.9

108.8

106.5

Consolidate

Buy on dips

1177

1145

1117

1084

ALUMINIUM(DEC)

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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

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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 up

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

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

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

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 rela

holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at

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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

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

• Consolidate

• Buy on dips

Trend

Strategy

•R2 - 108.5

•R1 - 106.4Resistance

•S1 - 105.2

•S2 - 103.7support


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


analysis and up on sources that we consider reliable.

This material is for personal information and based upon it & takes no responsibility


made investment advice. Capitalheight recommends that investors independently

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

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

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


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


Investment in Commodity and equity market has its own risks.

curacy 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


which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.


[email protected]

Phone- (0731)4295950


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



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

price projections shown are not necessarily indicative of future price performance. The information herein,

Capitalheight might be


its owners or anyone


we are not responsible for any loss incurred

Capitalheight does not

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


Daily Commodity News Letter by CapitalHeight 20-12-2010

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