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Daily Newsletter29/10/2010

Daily Newsletter-Commodity

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MARKET WRAP

Gold rises as dollar weakens ahead of Fed meet

Oil up after jobs data

U.S. initial jobless claims fell last week

Copper rises but gains capped

Base metals tumbled after U.S. job data

Gold rose back above $1,345 an ounce on Thursday as rising uncertainty over the

scope and impact of potential U.S. monetary easing to be announced by the Federal

Reserve next week knocked the dollar sharply lower. Copper rose on Thursday helped

by renewed dollar weakness, supply threats and strong U.S. jobless claims data, but

gains were capped by uncertainty over the scope of possible monetary easing by the

U.S. Federal Reserve.

ECONOMIC CALENDAR

Date Time Currency Economic Data Forecast Previous

Fri Oct 29

6:00pm USD Advance GDP q/q 2.1% 1.7%

6:00pm USD Advance GDP Price Index q/q 1.9% 1.9%

6:00pm USD Employment Cost Index q/q 0.6% 0.5%

7:15pm USD Chicago PMI 58.1 60.4

7:25pm USD Revised UoM Consumer Sentiment

68.2 67.9

7:25pm USD Revised UoM Inflation Expectations

2.6%

TECHNICAL

GOLD(DEC)

COPPER(NOV)

NATURALGAS(NOV)

ZINC(NOV)

• Consolidate

• Buy on dips

Trend

Strategy• R2 -19850

• R1 -19620Resistance

• S1 -19420

• S2 -19180support

• Bullish

• Buy on dips

Trend

Strategy

• R2 - 389

• R1 - 382Resistance

• S1 - 372

• S2 - 364support

• Bearish

• Sell on high

Trend

Strategy

•R2 - 181

•R1 - 173Resistance

•S1 - 165

•S2 - 157support

• Consolidate

• Buy on dips

Trend

Strategy

•R2 - 115.5

•R1 - 112.3Resistance

•S1 - 109.5

•S2 - 107.5support

ECHNICAL VIEW

SILVER(DEC

CRUDE(NOV

) LEAD(NOV

NICKEL(NOV

• Consolidate

• Buy on dips

Trend

Strategy

• R2 - 37150


• S1 - 35550

• S2 - 34780support

• Consolidate

• Buy on dips

Trend

Strategy• R2 - 3770


• S1 - 3630

• S2 - 3525support

• Consolidate

• Buy on dips

Trend

Strategy• R2 - 115.5

• R1 - 113.7Resistance

• S1 - 110.3


• Consolidate

• Sell on high

Trend

Strategy

•R2 - 1075

•R1 - 1048Resistance

•S1 - 1015

•S2 - 978support


[email protected]

Phone- (0731)4295950

DEC)

CRUDE(NOV)

)

NICKEL(NOV)

Consolidate

Buy on dips

37150

36100

35550

34780

Consolidate

Buy on dips

3770

3695

3630

3525

Consolidate

Buy on dips

115.5

113.7

110.3

107.5

Consolidate

Sell on high

1075

1048

1015

978

ALUMINIUM(NOV)

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accept any responsibility (or liability) for errors of fact or opinion.

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.

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

not be responsible for any transaction conducted based on the info

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,

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his free will and does not read any views expresse

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All Rights Reserved.

Investment in Commodity and equity market h

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.

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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 - 107.5

•R1 - 105.7Resistance

•S1 - 103.7



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


analysis and up on sources that we consider reliable.

This material is for personal information and based upon it & takes no responsibility


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 shal

not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules

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

can change without notice. Analyst or any person related to Capitalheight


his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone


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


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


[email protected]

Phone- (0731)4295950


Users have the right to choose the product/s that suits



Capitalheight recommends that investors independently evaluate

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

rmation given in this report, which is in violation of rules

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

Capitalheight might be


d as a recommendation for which either the site or its owners or anyone


we are not responsible for any loss incurred

Capitalheight does not

Our Clients (Paid Or Unpaid), Any third party or


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