Daily commodity Report

4
Daily Newslet 18/07/2011 etter-Commodity www.capital lheight.com

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Transcript of Daily commodity Report

Page 1: Daily commodity Report

Daily Newsletter18/07/2011

Daily Newsletter-Commodity

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Page 2: Daily commodity Report

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MARKET WRAP

Gold makes a new all time high of $1594.29

Silver rose nearly $1 to end at $39.23 on Friday

Copper rebounds as Dollar strengthened

Shanghai copper warehouse stocks rose 22.2%

Oil prices advanced on lower Canadian supply

The dollar index strengthened as the euro fell across the board

Bullions ended up on Friday as European banks stress came disappointing while U.S

consumer sentiment added fuel in precious metals. Gold set a new record high of

$1594.29 and ended on a strong note at $1593.34. Gains in crude oil, a plunge in U.S.

consumer confidence and concerns about euro zone debt contagion also helped the

metal to gain. Silver gained 2.2 percent to $39.23 an ounce, near a two-month high of

$39.36 set on Thursday.

.

ECONOMIC CALENDAR

Date Time Currency Economic Data Forecast Previous

Mon July 18

6:00pm CAD Foreign Securities Purchases 7.41B 8.22B

6:00pm CAD New Motor Vehicle Sales m/m 0.50% -1.10%

6:30pm USD TIC Long-Term Purchases 48.4B 30.6B

7:30pm USD NAHB Housing Market Index 15 13

Page 3: Daily commodity Report

TECHNICAL

GOLD(AUG)

COPPER(JUNE)

NATURALGAS(JUNE)

ZINC(JUNE)

• Bullish

• Buy on dips

Trend

Strategy• R2 -23320

• R1 -22570Resistance

• S1 - 22780

• S2 - 22430support

• Consolidate

• Buy on dips

Trend

Strategy

• R2 - 455

• R1 - 442Resistance

• S1 - 427

• S2 - 416support

• Consolidate

• Buy on dips

Trend

Strategy

•R2 - 215

•R1 - 208Resistance

•S1 - 198

•S2 - 190support

• Consolidate

• Buy on dips

Trend

Strategy

•R2 - 111.9

•R1 - 108.8Resistance

•S1 - 102.5

•S2 - 99.2support

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ECHNICAL VIEW

SILVER(JULY

CRUDE(JUNE)

LEAD(JUNE)

NICKEL(JUNE

• Consolidate

• Buy on dips

Trend

Strategy

• R2 - 62200

• R1 - 59950Resistance

• S1 - 56000

• S2 - 54630support

• Consolidate

• Buy on dips

Trend

Strategy• R2 - 4500

• R1 - 4415Resistance

• S1 - 4270

• S2 - 4210support

• Consolidate

• Buy on dips

Trend

Strategy• R2 - 127

• R1 - 123.5Resistance

• S1 - 117.5

•S2 - 114.5support

• Consolidate

• Sell on high

Trend

Strategy

•R2 - 1150

•R1 - 1120Resistance

•S1 - 1045

•S2 - 1005support

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JULY)

)

JUNE)

Consolidate

Buy on dips

62200

59950

56000

54630

Consolidate

Buy on dips

4500

4415

Consolidate

Buy on dips

123.5

117.5

114.5

Consolidate

Sell on high

Page 4: Daily commodity Report

ALUMINIUM(JUNE)

Disclaimer

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

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 informati

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 invest

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.

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

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 c

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 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 sell any financial instrument.

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

• Sell on high

Trend

Strategy

•R2 - 115

•R1 - 113.3Resistance

•S1 - 107.5

•S2 - 105.5support

[email protected]

Phone

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

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 provide

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 and

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

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 c

or . 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

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

on contained herein is based on

ment decision. The report does not provide

made investment advice. Capitalheight recommends that investors independently evaluate particular

Capitalheight shall not be

responsible for any transaction conducted based on the information given in this report, which is in violation of rules and

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

Capitalheight might be

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

onsible for any loss incurred

Capitalheight does not

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