Daily Newsletter31/12/2010

Daily Newsletter-Commodity

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MARKET WRAP

Copper hits record on dollar

Zinc stockpiles reach new six-yr peak

Copper stocks rise to highest since end-Sept

Gold cuts gains after dollar recovery

Crude stocks off 1.26 million barrels

Copper rose to a record on Thursday and was on track to finish 2010 nearly one third

higher as a weaker dollar and widening market deficit seen for next year burnished the

metal's allure for investors. Gold eased on Thursday, under pressure from a rise in the

dollar against the yen after U.S. data offered some reassurance on the economic

outlook, though bullion was still just 1.5 percent below record highs. U.S. crude oil

inventories fell less than expected last week as refinery utilization rose, according to a

weekly report from the Energy Information Administration on Thursday. Oil prices

slipped under $90 in thin trading volumes on Thursday ahead of the release of the latest

weekly U.S. oil inventory data, expected to show a drawdown in crude stocks for the

fourth consecutive week.

ECONOMIC CALENDAR

Date Time Currency Economic Data Forecast Previous

Fri Dec 31

All Day JPY Bank Holiday

All Day EUR German Bank Holiday

12:30pm GBP Nationwide HPI m/m -0.2%

TECHNICAL

GOLD(FEB)

COPPER(FEB)

NATURALGAS(JAN)

ZINC(DEC)

• Consolidate

• Buy on dips

Trend

Strategy• R2 -21080

• R1 -20790Resistance

• S1 -20650

• S2 -20430support

• Bullish

• Buy on dips

Trend

Strategy

• R2 - 447

• R1 - 439Resistance

• S1 - 428

• S2 - 421support

• Consolidate

• Sell on high

Trend

Strategy

•R2 - 205

•R1 - 198Resistance

•S1 - 189

•S2 - 181support

• Consolidate

• Buy on dips

Trend

Strategy

•R2 - 112.7

•R1 - 109.5Resistance

•S1 - 106.8

•S2 - 103.5support

ECHNICAL VIEW

SILVER(MAR

CRUDE(JAN)

LEAD(DEC)

NICKEL(DEC

• Bullish

• Buy on dips

Trend

Strategy

• R2 - 47300

• R1 - 46550Resistance

• S1 - 45650

• S2 - 44850support

• Consolidate

• Buy on dips

Trend

Strategy• R2 - 4170

• R1 - 4080Resistance

• S1 - 4020

• S2 - 3950support

• Consolidate

• Buy on dips

Trend

Strategy• R2 - 118.3

• R1 - 115.9Resistance

• S1 - 113.5

•S2 - 110.5support

• Consolidate

• Sell on high

Trend

Strategy

•R2 - 1118

•R1 - 1097Resistance

•S1 - 1068

•S2 - 1045support

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MAR)

)

)

NICKEL(DEC)

Buy on dips

47300

46550

45650

44850

Consolidate

Buy on dips

4170

4080

4020

3950

Consolidate

Buy on dips

118.3

115.9

113.5

110.5

Consolidate

Sell on high

1118

1097

1068

1045

ALUMINIUM(DEC)

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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

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 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

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

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.

All Rights Reserved.

Investment in Commodity and equity market has its own risks.

We, however, do not vouch for the accuracy or the completeness thereof.

whatsoever for any financial profits or loss which may arise from the recommend

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 Informat

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

• Consolidate

• Buy on dips

Trend

Strategy

•R2 - 113.8

•R1 - 110.9Resistance

•S1 - 108.9

•S2 - 106.7support

The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not

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

rces 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

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

ction 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,

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

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.

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

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.

www.capitalheight.com

info@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

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

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 shall

ction 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,

Capitalheight might be

holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at

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.

we are not responsible for any loss incurred

Capitalheight does not

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

ion Provided by us to/with anyone