Daily Commodity Report

4
Daily Newsle 01/08/2011 etter-Commodity www.capital lheight.com

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Transcript of Daily Commodity Report

Page 1: Daily Commodity Report

Daily Newsletter01/08/2011

Daily Newsletter-Commodity

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Page 2: Daily Commodity Report

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MARKET WRAP

Gold hits record on weak U.S. growth

U.S. economy stumbled in the first half of 2011

Oil falls on weak U.S. GDP

Copper ended up a shade in choppy trade on Friday

Euro zone debt woes pressure oil

Gold hit another all-time high on Friday as investors sought a safe haven after anemic

U.S. growth data raised the specter that a potential recession could spur the Federal

Reserve to loosen monetary policy. Silver rose 0.8 percent to $39.97 an ounce, but was

off a more than two-month high of $41.42 hit this week. It posted a gain of around 15

percent for July, its best month since April. Oil prices fell on Friday, posting a weekly loss

after data showed weak U.S. economic growth. Copper ended up a shade in choppy

trade on Friday, failing to sustain a surge to three-month highs as economic jitters limited

the bullish impact of Chilean supply shocks.

ECONOMIC CALENDAR

Date Time Currency Economic Data Forecast Previous

Mon Aug 1

1:30pm EUR Final Manufacturing PMI 50.4 50.4

1:30pm EUR Italian Monthly Unemployment Rate 8.0% 8.1%

2:30pm EUR Unemployment Rate 9.9% 9.9%

7:30pm USD ISM Manufacturing PMI 55.0 55.3

7:30pm USD Construction Spending m/m -0.1% -0.6%

7:30pm USD ISM Manufacturing Prices 64.4 68.0

Page 3: Daily Commodity Report

TECHNICAL

GOLD(AUG)

COPPER(AUG)

NATURALGAS(AUG

ZINC(AUG)

• Consolidate

• Buy on dips

Trend

Strategy• R2 - 23550

• R1 - 23270Resistance

• S1 - 22930

• S2 - 22750support

• Consolidate

• Buy on dips

Trend

Strategy

• R2 - 452

• R1 - 441Resistance

• S1 - 429

• S2 - 421support

• Consolidate

• Sell on high

Trend

Strategy

•R2 - 201

•R1 - 193Resistance

•S1 -181

•S2 -173support

• Consolidate

• Buy on dips

Trend

Strategy

•R2 - 113.5

•R1 - 110.6Resistance

•S1 - 108.3

•S2 - 106.5support

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ECHNICAL VIEW

SILVER(SEP

) CRUDE(AUG

AUG) LEAD(AUG

NICKEL(

Consolidate

Buy on dips

23550

23270

22930

22750

• Consolidate

• Buy on dips

Trend

Strategy

• R2

• R1 Resistance

• S1 -

• S2 -support

Consolidate

Buy on dips• Consolidate

• Sell on high

Trend

Strategy• R2 -

• R1 -Resistance

• S1 -

• S2 -support

Consolidate

Sell on high

• Consolidate

• Sell on high

Trend

Strategy• R2

• R1 Resistance

• S1

•S2 support

Consolidate

Buy on dips

113.5

110.6

• Consolidate

• Buy on dips

Trend

Strategy

•R2 -

•R1 -Resistance

•S1 -

•S2 -support

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SEP)

AUG)

AUG)

AUG)

Consolidate

Buy on dips

R2 - 61200

R1 - 59550

- 57670

- 56500

Consolidate

Sell on high

- 4380

- 4310

4190

4115

Consolidate

Sell on high

R2 - 120.8

R1 - 118.2

- 115.3

- 111.5

Consolidate

Buy on dips

- 1155

- 1123

1083

1055

Page 4: Daily Commodity Report

ALUMINIUM(AUG

Disclaimer

The information and views in this report, our website & all the service we provide are believed to be reliable, but

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

the most.

Sincere efforts have been made to present the right investment perspective. The information contained h

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.

individually tailor-made investment advice.

evaluate particular investments and strategies, and encourages investors to seek the advice of a financi

Capitalheight Research Pvt. Ltd. shall not be responsible for any transaction conducted based on the information given in this

report, which is in violation of rules 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

Research Pvt. Ltd. might be holding positions in the

through the site has done so at his free will and does not read any views expressed as a recommendation for which either t

site or its owners or anyone can be held responsible for

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.

Research Pvt. Ltd. does not purport to be an invitation or an offer to buy or sell any financial instrument.

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.

• Consolidate

• Buy on dips

Trend

Strategy

•R2 - 118.5

•R1 - 116.2Resistance

•S1 - 114.2

•S2 - 111.8support

[email protected]

Phone

AUG)

The information and views in this report, our website & all the service we provide are believed to be reliable, but

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 h

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

made investment advice. Money Capitalheight Research Pvt. Ltd. recommends that investors independently

evaluate particular investments and strategies, and encourages investors to seek the advice of a financi

shall not be responsible for any transaction conducted based on the information given in this

report, which is in violation of rules and regulations of MCX and NCDEX.

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

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 t

site or its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptance of this

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.

does not purport to be an invitation or an offer to buy or sell any financial instrument.

Unpaid), Any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information

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

Consolidate

Buy on dips

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 them

Sincere efforts have been made to present the right investment perspective. The information contained herein is based on

The report does not provide

recommends that investors independently

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

shall not be responsible for any transaction conducted based on the information given in this

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 Money 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

. Any surfing and reading of the information is the acceptance of this

ible for any loss incurred

whatsoever for any financial profits or loss which may arise from the recommendations above. Money Capitalheight

does not 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

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