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Daily Newsletter31/05/2011

Daily Newsletter-Commodity

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MARKET WRAP

The dollar hovered near a two-week low against a basket of currencies

Gold steady on Greece debt fear

Brent crude oil fell below $115 a barrel on Monday

Silver rose as much as 1.3 percent to $38.36

Gold held steady on Monday, buoyed by the ongoing debt crisis in the euro zone, while

silver trimmed gains as a hike in margins by the Shanghai Gold Exchange kept sentiment

in check. Shanghai copper fell on Monday on technicals, European debt problems and

uncertainty about the monetary policies of the United States and China, on track for a 1

percent loss in May.

ECONOMIC CALENDAR

Date Time Currency Economic Data Forecast Previous

Tue May 31

11:30am EUR German Retail Sales m/m 1.7% -2.7%

12:15pm EUR French Consumer Spending m/m -0.3% -0.7%

1:25pm EUR German Unemployment Change -31K -37K

1:30pm EUR Italian Monthly Unemployment Rate

8.3% 8.3%

2:30pm EUR CPI Flash Estimate y/y 2.8% 2.8%

2:30pm EUR Unemployment Rate 9.9% 9.9%

2:30pm EUR Italian Prelim CPI m/m 0.2% 0.5%

6:30pm USD S&P/CS Composite-20 HPI y/y -3.5% -3.3%

7:15pm USD Chicago PMI 64.2 67.6

7:30pm USD CB Consumer Confidence 66.2

TECHNICAL

GOLD(JUNE)

COPPER(JUNE)

NATURALGAS(JUNE)

ZINC(MAY)

• Consolidate

• Buy on dips

Trend

Strategy• R2 -22930

• R1 -22680Resistance

• S1 - 22380

• S2 - 22050support

• Consolidate

• Buy on dips

Trend

Strategy

• R2 - 431

• R1 - 423Resistance

• S1 - 409

• S2 - 398support

• Consolidate

• Buy on dips

Trend

Strategy

•R2 - 217

•R1 - 209Resistance

•S1 - 203

•S2 - 195support

• Consolidate

• Buy on dips

Trend

Strategy

•R2 - 105.5

•R1 - 102.8Resistance

•S1 - 99.2

•S2 - 96.5support

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Phone

ECHNICAL VIEW

SILVER(JULY

CRUDE(JUNE)

LEAD(MAY)

NICKEL(MAY

• Consolidate

• Buy on dips

Trend

Strategy

• R2 - 59500


• S1 - 56350


• Consolidate

• Buy on dips

Trend

Strategy• R2 - 4710


• S1 - 4510


• Consolidate

• Buy on dips

Trend

Strategy• R2 - 119.5

• R1 - 115.8Resistance

• S1 - 112.3

•S2 - 109.5support

• Consolidate

• Sell on high

Trend

Strategy

•R2 - 1115

•R1 - 1067Resistance

•S1 - 1023

•S2 - 1005support


[email protected]

Phone- (0731)4295950

JULY)

)

MAY)

Consolidate

Buy on dips

59500

58450

56350

54900

Consolidate

Buy on dips

4710

4625

Consolidate

Buy on dips

119.5

115.8

112.3

109.5

Consolidate

Sell on high

ALUMINIUM(MAY)

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• Consolidate

• Buy on dips

Trend

Strategy

•R2 - 121.5

•R1 - 119.3Resistance

•S1 - 116.7

•S2 - 113.5support

[email protected]

Phone


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


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


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

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


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

be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer.

Investment in Commodity and equity market has its own risks.

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