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Page 1: Financial Advisory Company | NSE BSE Intraday Tips | MCX NCDEX Tips   | Free Stock Tips Weekly bullion news letter by CapitalHeight 06 09-10

Weekly Newsletter06/09/2010

Weekly Newsletter-Commodity

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Commodity

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Page 2: Financial Advisory Company | NSE BSE Intraday Tips | MCX NCDEX Tips   | Free Stock Tips Weekly bullion news letter by CapitalHeight 06 09-10

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Weekly Newsletter

Contents

Market Wrap

Technical Analysis

Gold ( Comex)

Silver ( Comex)

Crude ( Nymex)

Naturalgas ( Nymex)

Copper (Comex)

USD/INR

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MARKET WRAP

Silver rallies more than 1 pct to near 2-1/2 year high

U.S dollar fell against the euro

Gold cuts loss after weak ISM data

Copper ends off 4-month high on weak services data

US payrolls fall by less than expected

Gold gained marginally this week after better than expected US economic data posted

in last two weeks. Gold is at $1246.60 and managed to continue its uptrend for fifth

straight week. It gained $9 after resisting $1254 and touched weekly low of $1231.

Gold shred most of its early week gains as US jobless claims came down at 472K,

Non-farm payrolls down at (-) 54K and Pending home sales jumped up to 5.20%.

The RSI for gold is at 66 which signal near to overbought market & gold has turned red

in its monthly chart. The holdings of the worlds’ largest gold backed exchange traded

fund, New York’s SPDR gold trust fell for the first time in a week with the drop of 9.12

tonnes straight marking the largest one-day decline since late July.

Copper is up at $ 349 gaining $10 and accumulated 2% gains on weekly basis.

It touched weekly high of $ 352 and took support of $334. Copper ended positive on

stronger economic data as pending home sales is up at 5.20% & lower jobless claims

complimented the uptrend. The Metal was higher as the dollar fell against the euro after

a successful Spanish govt. debt auction and the ECB keeping the key rates unchanged.

The fundamental reason for bullish copper is strong rebound seen in Asian economy,

specifically biggest consumer such as China posting better Chinese manufacturing data

& India’s Q1 GDP up at 8.8% supported by growth in manufacturing sector at 12.4%.

Page 4: Financial Advisory Company | NSE BSE Intraday Tips | MCX NCDEX Tips   | Free Stock Tips Weekly bullion news letter by CapitalHeight 06 09-10

TECHNICAL

WEEKLY PIVOT

SCRIPT R4 R3 R2

GOLD 1313 1290 1267

OUTLOOK

Trend:- Bullish

Resistance:- 1253

Support:- 1227,1192

Strategy:- Buy on dips

ECHNICAL VIEW GOLD

R2 R1 P S1 S2

1267 1257 1244 1234 1221

53,1290$

,1192$

Buy on dips

GOLD WEEKLY

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S3 S4

1198 1176

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WEEKLY PIVOT

SCRIPT R4 R3 R2

SILVER 22.88 21.76 20.64

OUTLOOK

Trend:- Bullish

Resistance:- 19.94

Support:- 19.45,18.90

Strategy:- Buy on dips

SILVER

R2 R1 P S1 S2

20.64 20.22 19.52 19.10 18.40

94,20.85$

18.90$

Buy on dips

SILVER WEEKLY

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S3 S4

17.28 16.16

Page 6: Financial Advisory Company | NSE BSE Intraday Tips | MCX NCDEX Tips   | Free Stock Tips Weekly bullion news letter by CapitalHeight 06 09-10

WEEKLY PIVOT

SCRIPT R4 R3 R2

CRUDE 85.8 81.8 77.8

OUTLOOK

Trend:- Consolidate

Resistance:- 77.50,

Support:- 72.10,69.70

Strategy:- Buy on dips

CRUDE

R2 R1 P S1 S2

77.8 76.0 73.8 72.0 69.8

Consolidate

77.50,82.90$

69.70$

Buy on dips

CRUDE WEEKLY

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S3 S4

65.8 61.8

Page 7: Financial Advisory Company | NSE BSE Intraday Tips | MCX NCDEX Tips   | Free Stock Tips Weekly bullion news letter by CapitalHeight 06 09-10

WEEKLY PIVOT

SCRIPT R4 R3 R2

NG 4.59 4.34 4.09

OUTLOOK

Trend:- Bearish

Resistance:- 4.130

Support:- 3.520,2.970

Strategy:- Sell on high

NATURALGAS

R2 R1 P S1 S2

4.09 4.00 3.84 3.75 3.59

4.130,4.490$

2.970$

Sell on high

NATURALGAS WEEKLY

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S3 S4

3.34 3.09

Page 8: Financial Advisory Company | NSE BSE Intraday Tips | MCX NCDEX Tips   | Free Stock Tips Weekly bullion news letter by CapitalHeight 06 09-10

WEEKLY PIVOT

SCRIPT R4 R3

COPPER 400.3 382.0 363.7

OUTLOOK

Trend:- Bullish

Resistance:- 353,367

Support:- 339,326

Strategy:- Buy on dips

COPPER

R2 R1 P S1 S2

363.7 356.5 345.4 338.3 327.1

353,367

6

Buy on dips

COPPER WEEKLY

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S3 S4

308.7 290.4

Page 9: Financial Advisory Company | NSE BSE Intraday Tips | MCX NCDEX Tips   | Free Stock Tips Weekly bullion news letter by CapitalHeight 06 09-10

WEEKLY PIVOT

SCRIPT R4 R3 R2

INR 48.78 48.07 47.36

OUTLOOK

Trend:- Consolidate

Resistance:- 47.15

Support:- 45.80,45.10

Strategy:- Buy on dips

USD/INR

R2 R1 P S1 S2

47.36 46.91 46.65 46.20 45.94

Consolidate

5,48.10

,45.10

Buy on dips

USD/INR WEEKLY

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S3 S4

45.23 44.52

Page 10: Financial Advisory Company | NSE BSE Intraday Tips | MCX NCDEX Tips   | Free Stock Tips Weekly bullion news letter by CapitalHeight 06 09-10

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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 suits

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 responsibility

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 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 stock 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 might be

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