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Daily Newsletter03/06/2011
Daily Newsletter-Commodity
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MARKET WRAP
Gold eased but held in sight of four-week highs on Thursday
Copper falls to week low
Copper inventories hit one-year high
U.S. unemployment claims fell last week
Oil slips from earlier gain
Gold eased but held in sight of four-week highs on Thursday, supported by concern about
the outlook for U.S. growth and the European debt crisis. The dollar has fallen to its
lowest in a month against a basket of currencies. Copper fell to its lowest in a week on
Thursday after U.S. weekly jobless claims fell less than expected, heightening concerns
about the world's biggest economy and outweighing a normally supportive weak dollar.
Crude oil prices slipped in choppy trading on Thursday, reversing earlier gains, due to an
unexpected jump in crude oil inventories in the United States.
ECONOMIC CALENDAR
Date Time Currency Economy Data Forecast Previous
Fri Jun 3
1:30pm EUR Final Services PMI 55.4 55.4
6:00pm USD Non-Farm Employment Change 194K 244K
6:00pm USD Unemployment Rate 9.0% 9.0%
6:00pm USD Average Hourly Earnings m/m 0.2% 0.1%
7:30pm USD ISM Non-Manufacturing PMI 53.7 52.8
10:00pm USD FOMC Member Tarullo Speaks
TECHNICAL
GOLD(AUG)
COPPER(JUNE)
NATURALGAS(JUNE)
ZINC(JUNE)
• Consolidate
• Buy on dips
Trend
Strategy• R2 -22850
• R1 -22640Resistance
• S1 - 22410
• S2 - 22150support
• Consolidate
• Buy on dips
Trend
Strategy
• R2 - 421
• R1 - 411Resistance
• S1 - 398
• S2 - 391support
• Consolidate
• Buy on dips
Trend
Strategy
•R2 - 225
•R1 - 219Resistance
•S1 - 207
•S2 - 198support
• Consolidate
• Buy on dips
Trend
Strategy
•R2 - 103.5
•R1 - 101.3Resistance
•S1 - 98.7
•S2 - 95.5support
Phone
ECHNICAL VIEW
SILVER(JULY
CRUDE(JUNE)
LEAD(JUNE)
NICKEL(JUNE
• Consolidate
• Buy on dips
Trend
Strategy
• R2 - 56600
• R1 - 55250Resistance
• S1 - 53350
• S2 - 52300support
• Consolidate
• Buy on dips
Trend
Strategy• R2 - 4590
• R1 - 4515Resistance
• S1 - 4410
• S2 - 4330support
• Consolidate
• Sell on high
Trend
Strategy• R2 - 114.5
• R1 - 111.3Resistance
• S1 - 107.5
•S2 - 104.8support
• Consolidate
• Sell on high
Trend
Strategy
•R2 - 1072
•R1 - 1047Resistance
•S1 - 1014
•S2 - 983support
www.capitalheight.com
Phone- (0731)4295950
JULY)
)
JUNE)
Consolidate
Buy on dips
56600
55250
53350
52300
Consolidate
Buy on dips
4590
4515
Consolidate
Sell on high
114.5
111.3
107.5
104.8
Consolidate
Sell on high
ALUMINIUM(JUNE)
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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
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The metals price projections shown are not necessarily indicative of future price performance. The information herein
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free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can
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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 th
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 A
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 - 120.5
•R1 - 118.9Resistance
•S1 - 116.7
•S2 - 113.5support
Phone
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 them
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 provide
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 not be
any transaction conducted based on the information given in this report, which is in violation of rules and
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
ee 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
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
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 them
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 provide
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 not be
any transaction conducted based on the information given in this report, which is in violation of rules and
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 his
ee will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can
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