Stock Tips | Free Stock Tips | Commodity Tips

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Weekly New 17/01/2011 wsletter-Commodit www.capita ty alheight.com

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CapitalHeight is a stock advisory company provides stock tips,commodity tips,nse tips, mcx tips, ncdex tips & intraday tips.We provide services in both equity and commodity market.http://www.capitalheight.wordpress.comhttp://www.capitalheight.com9993066624Weekly commodity news letter by capital height 17 01-2011 to 21-01-2011

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Page 1: Stock Tips | Free Stock Tips | Commodity Tips

Weekly Newsletter17/01/2011

Weekly Newsletter-Commodity

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Commodity

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Page 2: Stock Tips | Free Stock Tips | Commodity Tips

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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

US markets shut for M.L.K. holiday Monday

Gold fell to a one-week low and hovered above its lowest in two months

China hikes bank reserve requirements by 50 basis points

Copper moves up with equities, better U.S. outlook

U.S. crude oil marginally up trading at 91.50 $ per berral

Gold ended down for second consecutive week and traded in a stiff range as receding Euro

zone debt concerns & China’s monetary tightening to tame inflation weighed on precious

metals. Gold opened the week at $1369.95 and touched weekly high of $1393.10 post

disappointing U.S jobless claims at six month high though better demand from bond investors

for Euro zone’s fragile members like Spain and Portugal debt auction sent Gold to end weak

tempering its demand as safe haven. The support for gold was purchases from jewelers and

investors on talks of Indian govt. imposing tax on Gold imports and ahead of lunar New Year.

The holdings of the world’s largest gold backed ETF, New York’s SPDR gold trust slipped to

1,265.093 tonnes vs. 1,271.467 tonnes while ETF securities London listed Gold fund saw

redemptions as well.

Crude oil gained this week climbing towards its 27 month high to end the week at $91.64.

Crude opened the week at $89.48 and rose post steady rise in U.S economic retail sales and

unchanged inflation signaling economic recovery on track. The Crude oil inventory for the week

saw a larger-than-expected drop, down at (-) 2.2m vs. (-) 4.2m as against expected 0.4m, its

biggest 18 month drop while gasoline supplies increased 5.08 million barrels to 223.20 million,

the biggest gain since Sept. 2009. Crude oil is not been able to push above $92 but Brent crude

nearing $100; we expect bullish trend for Crude oil and can test the level of $93 - $95.

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TECHNICAL

WEEKLY PIVOT

SCRIPT R4 R3 R2

GOLD 1484 1446 1408

OUTLOOK

Trend:- Consolidate

Resistance:- 1386

Support:- 1335,13

Strategy:- Buy on dips

ECHNICAL VIEW GOLD

R2 R1 P S1 S2

1408 1385 1370 1347 1332

Consolidate

86,1421$

5,1305$

Buy on dips

GOLD WEEKLY

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S3 S4

1294 1256

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WEEKLY PIVOT

SCRIPT R4 R3 R2

SILVER 33.94 32.22 30.50

OUTLOOK

Trend:- Consolidate

Resistance:- 29.40,30.60

Support:- 27.92,26.90

Strategy:- Sell on high

SILVER

R2 R1 P S1 S2

30.50 29.47 28.78 27.75 27.06

Consolidate

29.40,30.60$

27.92,26.90$

Sell on high

SILVER WEEKLY

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S3 S4

25.34 23.62

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WEEKLY PIVOT

SCRIPT R4 R3 R2

CRUDE 103.4 99.2 94.9

OUTLOOK

Trend:- Consolidate

Resistance:- 93.80

Support:- 89.40,86.90

Strategy:- Buy on dips

CRUDE

R2 R1 P S1 S2

94.9 93.2 90.7 89.0 86.4

Consolidate

93.80,98.90$

86.90$

Buy on dips

CRUDE WEEKLY

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S3 S4

82.2 77.9

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WEEKLY PIVOT

SCRIPT R4 R3 R2

NG 5.14 4.91 4.68

OUTLOOK

Trend:- Consolidate

Resistance:- 4.690

Support:- 4.250,3.860

Strategy:- Sell on high

NATURALGAS

R2 R1 P S1 S2

4.68 4.58 4.44 4.35 4.21

Consolidate

0,4.990$

3.860$

Sell on high

NATURALGAS WEEKLY

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S3 S4

3.98 3.75

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WEEKLY PIVOT

SCRIPT R4 R3

COPPER 492.1 473.5 455.0

OUTLOOK

Trend:- Bullish

Resistance:- 452,465

Support:- 430,418

Strategy:- Buy on dips

COPPER

R2 R1 P S1 S2

455.0 448.7 436.5 430.2 418.0

452,465

30,418

Buy on dips

COPPER WEEKLY

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S3 S4

399.5 380.9

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WEEKLY PIVOT

SCRIPT R4 R3 R2

INR 47.19 46.55 45.91

OUTLOOK

Trend:- Consolidate

Resistance:- 45.80

Support:- 44.70,43.90

Strategy:- Buy on dips

USD/INR

R2 R1 P S1 S2

45.91 45.63 45.27 44.99 44.63

Consolidate

0,46.70

43.90

Buy on dips

USD/INR WEEKLY

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S3 S4

43.99 43.35

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