bullion news letter 19 april
Post on 13-Jan-2015
265 Views
Preview:
DESCRIPTION
TRANSCRIPT
Weekly Newsletter19/04/2010
Newsletter-Commodity
www.capitalheight.com
Commodity
www.capitalheight.com
www.capitalheight.com
info@capitalheight.com
Phone- (0731)4295950
Weekly Newsletter
Contents
Market Wrap
Technical Analysis
Gold ( Comex)
Silver ( Comex)
Crude ( Nymex)
Naturalgas ( Nymex)
Copper (Mcx)
USD/INR
www.capitalheight.com
info@capitalheight.com
Phone- (0731)4295950
MARKET WRAP
Markets tumble on Goldman news
Gold slips after hitting new multi week high
Copper collapsed on Friday
Oil falls $2 on Goldman fraud charges
Euro slips v/s dollar
Gold dived southward on Friday as SEC decided to file a civil suit against goldman
Sachs for defrauding the investors loosing its 5 weeks continuous gains in the U.S.
markets, gold fell heavily on Friday by USD 22 to USD 1136.9 an ounce in the spot
market. Gold prices have lost more than 2% in this week even after receiving good
news throughout in the form of retail sales(march) rising by 1.6%, business inventories
were also up by 0.5% for February and consumer sentiment for april came at 69.5, the
precious metal seemed to continue its upmove but SEC played spoil sport.Silver the
poorer cousin of gold also fell heavily and closed at USD 17.71 after recovering from a
low of 17.60. the dollar index jumped 0.4% and trading near 81.
Crude june contract fell earlier in the week but touched its 18 month high of USD
87.23/barrel but retreated sharply from the highs and ended the week at USD
84.525/barrel. Copper also collapsed on Friday, with prices in New York briefly
breaking down below the $3.50-per-lb level, as investors shunned risk and sought
safety in the U.S. dollar after the U.S. Securities and Exchange Commission charged
Goldman Sachs with fraud.
TECHNICAL
WEEKLY PIVOT
SCRIPT R4 R3 R2
GOLD 1264 1225 1185
OUTLOOK
Trend:- Consolidate
Resistance:- 1143,
Support:- 1123,1102
Strategy:- Sell on higher
ECHNICAL VIEW
GOLD
R2 R1 P S1 S2
1185 1161 1145 1121 1106
Consolidate
1143,1169$
,1102$
Sell on higher
GOLD WEEKLY
www.capitalheight.com
info@capitalheight.com
Phone- (0731)4295950
S3 S4
1066 1026
WEEKLY PIVOT
SCRIPT R4 R3 R2
SILVER 20.94 19.95 18.96
OUTLOOK
Trend:- Consolidate
Resistance:- 17.95,18.45
Support:- 17.30,16.70
Strategy:- Buy on dips
SILVER
R2 R1 P S1 S2
18.96 18.33 17.97 17.34 16.98
Consolidate
17.95,18.45$
,16.70$
Buy on dips
SILVER WEEKLY
www.capitalheight.com
info@capitalheight.com
Phone- (0731)4295950
S3 S4
15.99 15.00
WEEKLY PIVOT
SCRIPT R4 R3 R2
CRUDE 95.5 91.7 87.8
OUTLOOK
Trend:- Consolidate
Resistance:- 85.9,
Support:- 82.1,78.8
Strategy:- Buy on dips
CRUDE
R2 R1 P S1 S2
87.8 85.5 84.0 81.6 80.1
lidate
85.9,87.1$
82.1,78.8$
Buy on dips
CRUDE WEEKLY
www.capitalheight.com
info@capitalheight.com
Phone- (0731)4295950
S3 S4
76.3 72.4
WEEKLY PIVOT
SCRIPT R4 R3 R2
NG 5.05 4.73 4.40
OUTLOOK
Trend:- Consolidate
Resistance:- 4.260,4.
Support:- 3.780,3.
Strategy:- Sell on higher
NATURALGAS
R2 R1 P S1 S2
4.40 4.22 4.08 3.90 3.75
Consolidate
0,4.630$
0,3.500$
Sell on higher
NATURALGAS WEEKLY
www.capitalheight.com
info@capitalheight.com
Phone- (0731)4295950
S3 S4
3.43 3.10
WEEKLY PIVOT
SCRIPT R4 R3
COPPER 387.2 374.3 361.3
OUTLOOK
Trend:- Consolidate
Resistance:- 351,359
Support:- 341,333
Strategy:- Buy on dips
COPPER
R2 R1 P S1 S2
361.3 353.6 348.4 340.7 335.4
Consolidate
351,359
41,333
Buy on dips
COPPER WEEKLY
www.capitalheight.com
info@capitalheight.com
Phone- (0731)4295950
S3 S4
322.5 309.5
WEEKLY PIVOT
SCRIPT R4 R3 R2
INR 46.19 45.57 44.95
OUTLOOK
Trend:- Bearish
Resistance:- 44.75,45.15
Support:- 43.85,43.45
Strategy:- Sell on higher
USD/INR
R2 R1 P S1 S2
44.95 44.60 44.33 43.98 43.71
44.75,45.15
43.85,43.45
Sell on higher
USD/INR WEEKLY
www.capitalheight.com
info@capitalheight.com
Phone- (0731)4295950
S3 S4
43.09 42.47
www.capitalheight.com
info@capitalheight.com
Phone- (0731)4295950
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
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. we are not responsible for any loss incurred
whatsoever for any financial profits or loss which may arise from the recommendations above. Capitalheight does not
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.
top related