Daily Commodity News Letter by CapitalHeight 27-12-2010

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Daily Newsle 27/12/2010 etter-Commodity www.capita alheight.com

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Daily Newsletter 27/12/2010 www.capitalheight.com www.capitalheight.com Copper steady in thin trade Euro rebounds from three-week low versus dollar Gold rises towards $1,385/oz as dollar retreats Oil near 2-yr high on cold weather SPDR gold ETF heads for biggest weekly outflow since July Date Time Currency Economic Data Forecast Previous Mon Dec 27 [email protected] Phone- (0731)4295950 www.capitalheight.com

Transcript of Daily Commodity News Letter by CapitalHeight 27-12-2010

Daily Newsletter27/12/2010

Daily Newsletter-Commodity

www.capitalheight.com

www.capitalheight.com

www.capitalheight.com

[email protected]

Phone- (0731)4295950

MARKET WRAP

Copper steady in thin trade

Euro rebounds from three-week low versus dollar

Gold rises towards $1,385/oz as dollar retreats

Oil near 2-yr high on cold weather

SPDR gold ETF heads for biggest weekly outflow since July

Gold prices edged higher in Europe on Friday, supported by the euro's rebound from a

three-week low versus the dollar, and as a further ratings downgrade stoked concerns

over euro zone debt. Shanghai copper held steady on Friday, supported by upbeat U.S.

data and ongoing supply concerns. Demand for a range of long-lasting U.S.

manufactured goods surged in November and consumer spending rose for a fifth-

straight month. Oil hovered around its highest levels in more than two years on Friday,

supported by cold weather across the globe, appetite for risk assets and signals from

OPEC it would not arrest the rally.

ECONOMIC CALENDAR

Date Time Currency Economic Data Forecast Previous

Mon Dec 27

5:20am JPY Monetary Policy Meeting Minutes

5:20am JPY Monetary Policy Meeting Minutes

5:20am JPY CSPI y/y -1.1% -1.2%

10:30am JPY Housing Starts y/y 5.0% 6.4%

All Day GBP Bank Holiday

TECHNICAL

GOLD(FEB)

COPPER(FEB)

NATURALGAS(JAN)

ZINC(DEC)

• Consolidate

• Buy on dips

Trend

Strategy• R2 -20890

• R1 -20570Resistance

• S1 -20350

• S2 -20050support

• Bullish

• Buy on dips

Trend

Strategy

• R2 - 437

• R1 - 429Resistance

• S1 - 422

• S2 - 414support

• Consolidate

• Sell on high

Trend

Strategy

•R2 - 201

•R1 - 193Resistance

•S1 - 183

•S2 - 175support

• Consolidate

• Sell on high

Trend

Strategy

•R2 - 107.5

•R1 - 105.1Resistance

•S1 - 102.8

•S2 - 98.5support

ECHNICAL VIEW

SILVER(MAR

CRUDE(JAN)

LEAD(DEC)

NICKEL(DEC

• Consolidate

• Buy on dips

Trend

Strategy

• R2 - 45750

• R1 - 44750Resistance

• S1 - 43750

• S2 - 42950support

• Bullish

• Buy on dips

Trend

Strategy• R2 - 4270

• R1 - 4190Resistance

• S1 - 4110

• S2 - 4030support

• Consolidate

• Buy on dips

Trend

Strategy• R2 - 114.3

• R1 - 111.9Resistance

• S1 - 109.3

•S2 - 106.5support

• Consolidate

• Sell on high

Trend

Strategy

•R2 - 1118

•R1 - 1097Resistance

•S1 - 1068

•S2 - 1045support

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[email protected]

Phone- (0731)4295950

MAR)

)

)

NICKEL(DEC)

Consolidate

Buy on dips

45750

44750

43750

42950

Buy on dips

4270

4190

4110

4030

Consolidate

Buy on dips

114.3

111.9

109.3

106.5

Consolidate

Sell on high

1118

1097

1068

1045

ALUMINIUM(DEC)

Disclaimer

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 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

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 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 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 own

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

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

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

• Consolidate

• Buy on dips

Trend

Strategy

•R2 - 113.8

•R1 - 110.9Resistance

•S1 - 108.9

•S2 - 106.7support

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 sui

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

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 shal

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 Ca

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 own

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

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

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. 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

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 anyone

can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer.

we are not responsible for any loss incurred

Capitalheight does not

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