Daily Commodity Report
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Transcript of Daily Commodity Report
Daily Newsletter01/08/2011
Daily Newsletter-Commodity
www.capitalheight.com
www.capitalheight.com
www.capitalheight.com
Phone- (0731)4295950
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
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
Phone
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
www.capitalheight.com
Phone- (0731)4295950
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
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
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
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