commodity news letter daily by capital height 31 08-10
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Daily Newsletter31/08/2010
Newsletter-Commodity
www.capitalheight.com
www.capitalheight.com
www.capitalheight.com
Phone- (0731)4295950
MARKET WRAP
Oil dips as concerns about economy persist
Gold edged higher in a tight range on Monday
Equities slip, dollar broadly stronger
US copper climbs to 3-1/2-mo high on short covering
Oil dipped below $75 on Monday after the bullish impact of a speech from Federal
Reserve Chairman Ben Bernanke began to drain away and the focus switched back to
brimming fuel stocks. Gold edged higher in a tight range on Monday, starting its fifth
straight week in positive territory, with dealers looking to key U.S. jobs reports later this
week for clarity on the economy's health.
ECONOMIC CALENDAR
Date Data Currency Economic Data Forecast Previous
Tue Aug 31
1:25pm EUR German Unemployment Change -19K -20K
1:30pm EUR Italian Retail Sales m/m 0.2% -0.3%
2:30pm EUR CPI Flash Estimate y/y 1.6% 1.7%
2:30pm EUR Unemployment Rate 10.0% 10.0%
2:30pm EUR Italian Prelim CPI m/m 0.2% 0.4%
3:30pm EUR Italian Monthly Unemployment Rate
8.6% 8.5%
6:30pm USD S&P/CS Composite-20 HPI y/y 3.8% 4.6%
7:15pm USD Chicago PMI 57.3 62.3
7:30pm USD CB Consumer Confidence 50.7 50.4
11:30pm USD FOMC Meeting Minutes
TECHNICAL
GOLD(OCT)
COPPER(AUG)
NATURALGAS(SEP)
ZINC(AUG)
• Consolidate
• Buy on dips
Trend
Strategy• R2 -19250
• R1 -19020Resistance
• S1 -18810
• S2 -18630support
• Bullish
• Buy on dips
Trend
Strategy
• R2 - 363
• R1 - 355Resistance
• S1 - 346
• S2 - 337support
• Consolidate
• Sell on higher
Trend
Strategy
•R2 - 195
•R1 - 187Resistance
•S1 - 176
•S2 - 167support
• Consolidate
• Buy on dips
Trend
Strategy
•R2 - 100.8
•R1 - 98.5Resistance
•S1 - 96.3
•S2 - 93.4support
ECHNICAL VIEW
SILVER(SEP
CRUDE(SEP)
LEAD(AUG)
NICKEL(AUG
• Bullish
• Buy on dips
Trend
Strategy
• R2 - 31480
• R1 - 30650Resistance
• S1 - 30050
• S2 - 29280support
• Consolidate
• Sell on high
Trend
Strategy• R2 - 3650
• R1 - 3570Resistance
• S1 - 3480
• S2 - 3410support
• Consolidate
• Buy on dips
Trend
Strategy• R2 - 101.5
• R1 - 98.7Resistance
• S1 - 96.3
•S2 - 93.5support
• Consolidate
• Sell on high
Trend
Strategy
•R2 - 1055
•R1 - 1012Resistance
•S1 - 977
•S2 - 948support
www.capitalheight.com
Phone- (0731)4295950
SEP)
)
)
NICKEL(AUG)
Buy on dips
31480
30650
30050
29280
Consolidate
Sell on high
3650
3570
3480
3410
Consolidate
Buy on dips
101.5
98.7
96.3
93.5
Consolidate
Sell on high
1055
1012
977
948
ALUMINIUM(AUG)
Disclaimer
The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not
accept any responsibility (or liability) for errors of fact or opinion. Users have
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. Capitalheight
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
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 wi
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 recomm
can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer.
All Rights Reserved.
Investment in Commodity and equity market has its own ris
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.
purport to be an invitation or an offer to buy or sell any financial instrument.
anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone
which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.
• Consolidate
• Sell on higher
Trend
Strategy
•R2 - 99.5
•R1 - 97.7Resistance
•S1 - 95.3
•S2 - 93.5support
The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not
accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits
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.
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
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,
together with all estimates and forecasts, can change without notice. Analyst or any person related to Capitalheight
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.
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
be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or
anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone
ived directly or indirectly by them. If found so then Serious Legal Actions can be taken.
www.capitalheight.com
Phone- (0731)4295950
The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not
the right to choose the product/s that suits
Sincere efforts have been made to present the right investment perspective. The information contained herein is based on
The information given herein should be treated as only factor, while making investment decision. The report does not
recommends that investors independently evaluate
particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Capitalheight shall
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
holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at
endation 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.
we are not responsible for any loss incurred
Capitalheight does not
Our Clients (Paid Or Unpaid), Any third party or
anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone