Today Commodity Market Report 02-07-2014

Daily Newsletter-Commodity 02/07/2014

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MARKET WRAP

Gold futures rose to a 14-week high

Silver futures for September delivery rose 0.3 percent

Copper prices climbed to a 16-week high

Aluminum and lead fell, while nickel and tin gained.

Gold futures rose to a 14-week high as the dollar’s decline boosted demand for the

precious metal as an alternative investment. Silver futures for September delivery

rose 0.3 percent to $21.117 an ounce on the Comex. Earlier, the price reached

$21.275, the highest since March 17. Copper prices climbed to a 16-week high in

London as manufacturing expanded at the fastest pace this year in China, the

world’s largest user of the metal used in pipes and wires.

ECONOMIC CALENDAR Date Time Currency Economic Data Forecast Previous

Wed Jul 2

12:30pm EUR Spanish Unemployment Change -147.3K -111.9K

2:30pm EUR Final GDP q/q 0.2% 0.2%

EUR PPI m/m 0.1% -0.1%

5:00pm USD Challenger Job Cuts y/y 45.5%

5:45pm USD ADP Non-Farm Employment Change

207K 179K

7:30pm USD Factory Orders m/m -0.4% 0.7%

8:00pm USD Crude Oil Inventories -2.2M 1.7M


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TECHNICAL VIEW

GOLD(AUG) SILVER(SEP)

COPPER(AUG) CRUDE(JULY)

NATURALGAS(JULY) LEAD(JULY)

ZINC(JULY) NICKEL(JULY)

• Consolidate

• Buy on dips

Trend

Strategy • R2 - 28250

• R1 - 27880 Resistance

• S1 - 27450

• S2 - 27080 support

• Consolidate

• Sell on high

Trend



• S1 - 44450


• Consolidate

• Buy on dips

Trend



• S1 - 423


• Consolidate

• Buy on dips

Trend



• S1 - 6270


• Consolidate

• Sell on high

Trend

Strategy •R2 - 278

•R1 - 272 Resistance

•S1 - 261

•S2 - 253 support

• Consolidate

• Buy on dips

Trend

Strategy • R2 - 133.7

• R1 - 131.3 Resistance

• S1 - 127.2

•S2 - 125.5 support

• Consolidate

• Buy on dips

Trend

Strategy •R2 - 137.5

•R1 - 133.7 Resistance

•S1 - 131.2


• Consolidate

• Buy on dips

Trend

Strategy •R2 - 1218

•R1 - 1175 Resistance

•S1 - 1113

•S2 - 1082 support


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Phone- (0731)6615050-6620150

ALUMINIUM(JULY)

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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. Money CapitalHeight Research Pvt. Ltd. recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Money CapitalHeight Research Pvt. Ltd. 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 metals 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 Money CapitalHeight Research Pvt. Ltd. might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his 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.

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• Consolidate

• Buy on dips

Trend

Strategy •R2 - 116.3

•R1 - 113.8 Resistance

•S1 - 110.3


Today Commodity Market Report 02-07-2014

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