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Weekly New 29/11/2010 wsletter-Commodit www.capita ty alheight.com

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CapitalHeight is a Financial advisory company provides online trading,NSE,BSE,MCX,NCDEX & intraday tips.We provide free commodity tips for commodity market.

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Page 1: MCX Tips | NCDEX Tips | Free Stock Tips | Intraday Tips

Weekly Newsletter29/11/2010

Weekly Newsletter-Commodity

www.capitalheight.com

Commodity

www.capitalheight.com

Page 2: MCX Tips | NCDEX Tips | Free Stock Tips | Intraday 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

Gold ended up snapping 2 weeks sell off

Thin volume trading concerns commodities

Copper drops further amid China’s demand worry

U.S crude oil limits losses ending up 1.7%

Dollar hits two-month high against Euro

Gold ended up marginally but remained cautious tracking global economic instability.

Gold gained $5 to end the week at $1363.48 and touched weekly high of $1382.

The cautiousness in gold was due to recent recovery in dollar as it hit fresh two-month

high against Euro & China’s anti-inflation rate hikes. Though, Gold recovered some

losses due to modest buying amid investors rising concerns over Euro zone credit

worries and Irish debt crisis that may engulf other Euro zone. The momentum in gold is

now due to currency fluctuations as buyers bid for it as a safe haven amid economic

instability while liquidation is due to continuous rising dollar. World’s largest gold backed

ETF, New York’s SPDR gold trust reported a drop down in its holdings to 1,285.084

tonnes vs. 1,289.36 tonnes.

Copper ended down for third consecutive week amid thin trading as the euro zone debt

crisis boosted the dollar and fear of another interest rate hikes in China stoked worries

about demand from the world's top metals buyer as another rate hike will dampen the

base metals further pushing their demands lower. Copper opened the week at $385.3

and shredded almost $13 to end the week at $373.8. It took a crucial support of $365.35

while its RSI is at 58.63. The three month copper at London metal exchange closed

down at $8239 a tonne vs. $8340 and ran into its third consecutive weekly loss. Further

trigger for copper will be the crucial Euro zone debt crisis and China’s monetary action.

Page 4: MCX Tips | NCDEX Tips | Free Stock Tips | Intraday Tips

TECHNICAL

WEEKLY PIVOT

SCRIPT R4 R3 R2

GOLD 1466 1432 1398

OUTLOOK

Trend:- Consolidate

Resistance:- $1377

Support:- $1339,131

Strategy:- Buy on dips

ECHNICAL VIEW GOLD

R2 R1 P S1 S2

1398 1381 1364 1347 1330

Consolidate

77,1401

1317

Buy on dips

GOLD WEEKLY

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S3 S4

1296 1262

Page 5: MCX Tips | NCDEX Tips | Free Stock Tips | Intraday Tips

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SILVER

WEEKLY PIVOT

SCRIPT R4 R3 R2 R1 P S1 S2 S3 S4

SILVER 31.49 29.99 28.49 27.59 26.99 26.09 25.49 23.99 22.49

OUTLOOK

Trend:- Consolidate

Resistance:- $27.85,29.34

Support:- $25.85,24.95

Strategy:- Buy on dips

SILVER WEEKLY

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CRUDE

WEEKLY PIVOT

SCRIPT R4 R3 R2 R1 P S1 S2 S3 S4

CRUDE 95.6 91.4 87.1 85.4 82.7 81.2 78.6 74.3 70.1

OUTLOOK

Trend:- Consolidate

Resistance:- $87.22,90.40

Support:- $79.70,75.86

Strategy:- Sell on highs

CRUDE WEEKLY

Page 7: MCX Tips | NCDEX Tips | Free Stock Tips | Intraday Tips

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NATURALGAS

WEEKLY PIVOT

SCRIPT R4 R3 R2 R1 P S1 S2 S3 S4

NG 5.50 5.11 4.73 4.56 4.34 4.17 3.95 3.56 3.17

OUTLOOK

Trend:- Bullish

Resistance:- $4.500,4.715

Support:- $4.164,3.848

Strategy:- Buy on dips

NATURALGAS WEEKLY

Page 8: MCX Tips | NCDEX Tips | Free Stock Tips | Intraday Tips

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COPPER

WEEKLY PIVOT

SCRIPT R4 R3 R2 R1 P S1 S2 S3 S4

COPPER 439.6 418.2 396.8 385.3 375.4 363.9 354.1 332.6 311.2

OUTLOOK

Trend:- Consolidate

Resistance:- $388,398

Support:- $365,356

Strategy:- Sell on highs

COPPER WEEKLY

Page 9: MCX Tips | NCDEX Tips | Free Stock Tips | Intraday Tips

WEEKLY PIVOT

SCRIPT R4 R3 R2

INR 48.10 47.26 46.42

OUTLOOK

Trend:- Bullish

Resistance:- `46.45

Support:- `45.12,

Strategy:- Buy on dips

USD/INR

R2 R1 P S1 S2

46.42 46.12 45.58 45.28 44.74

6.45,47.41

,44.06

Buy on dips

USD/INR WEEKLY

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S3 S4

43.90 43.06

Page 10: MCX Tips | NCDEX Tips | Free Stock Tips | Intraday Tips

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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 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 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 stock 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 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

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All Rights Reserved.

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