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Weekly New 20/09/2010 wsletter-Commodit www.capita ty alheight.com

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Weekly commodity news letter by CaitalHeight 20 09-10http://www.capitalheight.com9993066624

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Weekly Newsletter20/09/2010

Weekly Newsletter-Commodity

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Commodity

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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

Dollar's falls V/S dollar

Gold hits record high above 1282$

Crude slipped down $ 4 to end the week at $ 74.81

Copper recovers from its last week low

Nickel trading near recent high

Gold touched an all time new high this week fueled by the volatile & uncertain global

markets. Gold opened the week at $ 1245 and rallied $ 33 to touch an all time high of $

1282.78 after breaching recent weekly highs of $ 1274.60 $ 1277.80. It rallied almost $ 37

due to complete lack of confidence of global investors in the governments to sort out the

financial mess. The fundamental factor for gold was recent hike in Thailand’s gold holding

which is raised by a fifth in July and demand from other major Asian economies like China

and India. Though, Gold lost $ 10 at the weekend on profit booking ending the week at

$1274.03. Silver eclipsed gold and touched a new two and a half year high of $ 20.98 and

settled at $ 20.72

Crude oil prices shred its last week gains after touching a five week high of $ 78.02.

Crude slipped down $ 4 to end the week at $ 74.81. Crude prices cracked due to

downbeat Philly fed manufacturing index data at (-) 0.7 & empire state manufacturing data

down at 4.1. The crucial factor for slipped down crude prices was repairing of Enbridge

energy partners link pipeline and accumulated crude inventories at (-)2.5m vs. (-)1.9m.

Crude oil gained as EIA reported increased number of supplies later this week but fears of

deflation pushed the prices down again. Natural gas surged this week to a monthly high of

4.134 due to speculation of a tropical weather system developing in Caribbean.

As per EIA, natural gas storage came at 103b vs. 58b.

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TECHNICAL

WEEKLY PIVOT

SCRIPT R4 R3 R2

GOLD 1392 1350 1308

OUTLOOK

Trend:- Bullish

Resistance:- 1282

Support:- 1267,12

Strategy:- Buy on dips

ECHNICAL VIEW GOLD

R2 R1 P S1 S2

1308 1291 1266 1249 1224

82,1325$

1237$

Buy on dips

GOLD WEEKLY

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S3 S4

1182 1140

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WEEKLY PIVOT

SCRIPT R4 R3 R2

SILVER 24.09 22.89 21.69

OUTLOOK

Trend:- Bullish

Resistance:- 20.95

Support:- 20.50,19.95

Strategy:- Buy on dips

SILVER

R2 R1 P S1 S2

21.69 21.21 20.49 20.01 19.29

5,21.70$

20.50,19.95$

Buy on dips

SILVER WEEKLY

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S3 S4

18.09 16.89

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WEEKLY PIVOT

SCRIPT R4 R3 R2

CRUDE 90.6 85.3 80.1

OUTLOOK

Trend:- Consolidate

Resistance:- 76.50,

Support:- 72.50,69.70

Strategy:- Sell on higher

CRUDE

R2 R1 P S1 S2

80.1 76.8 74.8 71.6 69.5

Consolidate

.50,81.70$

69.70$

Sell on higher

CRUDE WEEKLY

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S3 S4

64.2 59.0

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WEEKLY PIVOT

SCRIPT R4 R3 R2

NG 4.96 4.64 4.31

OUTLOOK

Trend:- Consolidate

Resistance:- 4.130

Support:- 3.680,2.970

Strategy:- Sell on high

NATURALGAS

R2 R1 P S1 S2

4.31 4.15 3.98 3.82 3.65

Consolidate

4.130,4.490$

2.970$

Sell on high

NATURALGAS WEEKLY

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S3 S4

3.32 2.99

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WEEKLY PIVOT

SCRIPT R4 R3

COPPER 385.3 373.1 361.0

OUTLOOK

Trend:- Consolidate

Resistance:- 353,365

Support:- 342,333

Strategy:- Buy on dips

COPPER

R2 R1 P S1 S2

361.0 355.8 348.9 343.7 336.8

Consolidate

,365

333

Buy on dips

COPPER WEEKLY

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S3 S4

324.6 312.5

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WEEKLY PIVOT

SCRIPT R4 R3 R2

INR 48.00 47.34 46.68

OUTLOOK

Trend:- Consolidate

Resistance:- 46.30,

Support:- 45.70,45.10

Strategy:- Sell on high

USD/INR

R2 R1 P S1 S2

46.68 46.26 46.02 45.60 45.36

Consolidate

46.30,47.15

,45.10

Sell on high

USD/INR WEEKLY

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S3 S4

44.70 44.04

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