daily commodity news letter by capitalheight 09 09-10
TRANSCRIPT
Daily Newsletter09/09/2010
Newsletter-Commodity
www.capitalheight.com
www.capitalheight.com
www.capitalheight.com
Phone- (0731)4295950
MARKET WRAP
Oil rises above $74 on strong U.S. equities
Silver climbs to fresh 2-1/2 yr high
Gold nears record as economy bears circle markets
Copper erases losses as equities rise
Gold rose for a third day on Wednesday to within reach of another record high and
silver hit a 2-1/2 year peak as the waves of nervousness over the global economy
steered investors into perceived safe-haven assets. Copper traded flat on Wednesday
as global growth jitters and concerns about the health of the European banking system
offset falling inventories. Oil inched down to around $74 a barrel on Wednesday
following two sessions of declines as gains in European equity markets helped pare
losses.
ECONOMIC CALENDAR
Date Time Currency Economic Data Forecast Previous
Thu Sep 9
12:30am USD Consumer Credit m/m -4.2B -1.3B
11:00am EUR French Final Non-Farm Payrolls q/q 0.2% 0.2%
11:30am EUR German Final CPI m/m 0.0% 0.0%
1:30pm EUR ECB Monthly Bulletin
6:00pm USD Trade Balance -47.4B -49.9B
6:00pm USD Unemployment Claims 470K 472K
8:00pm USD Natural Gas Storage 51B 54B
8:30pm USD Crude Oil Inventories 0.7M 3.4M
TECHNICAL
GOLD(OCT)
COPPER(NOV)
NATURALGAS(SEP)
ZINC(SEP)
• Consolidate
• Buy on dips
Trend
Strategy• R2 -19480
• R1 -19250Resistance
• S1 -19030
• S2 -18850support
• Bullish
• Buy on dips
Trend
Strategy
• R2 - 371
• R1 - 363Resistance
• S1 - 354
• S2 - 347support
• Consolidate
• Sell on higher
Trend
Strategy
•R2 - 193
•R1 - 185Resistance
•S1 - 178
•S2 - 167support
• Consolidate
• Buy on dips
Trend
Strategy
•R2 - 106.7
•R1 - 103.5Resistance
•S1 - 100.7
•S2 - 97.5support
ECHNICAL VIEW
SILVER(DEC
CRUDE(SEP)
LEAD(SEP)
NICKEL(SEP
• Bullish
• Buy on dips
Trend
Strategy
• R2 - 32380
• R1 - 31750Resistance
• S1 - 31250
• S2 - 30380support
• Consolidate
• Sell on high
Trend
Strategy• R2 - 3580
• R1 - 3510Resistance
• S1 - 3410
• S2 - 3330support
• Consolidate
• Buy on dips
Trend
Strategy• R2 - 106.5
• R1 - 103.8Resistance
• S1 - 101.3
•S2 - 97.8support
• Consolidate
• Buy on dips
Trend
Strategy
•R2 - 1115
•R1 - 1083Resistance
•S1 - 1047
•S2 - 1016support
www.capitalheight.com
Phone- (0731)4295950
DEC)
)
NICKEL(SEP)
Buy on dips
32380
31750
31250
30380
Consolidate
Sell on high
3580
3510
3410
3330
Consolidate
Buy on dips
106.5
103.8
101.3
97.8
Consolidate
Buy on dips
1115
1083
1047
1016
ALUMINIUM(SEP)
Disclaimer
The information and views in this report, our website & all the service we provide are believed to be reliable,
accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that sui
them the most.
Sincere efforts have been made to present the right investment perspective. The information contain
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
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. Capi
not be responsible for any transaction conducted based on the information given in this report, which is in violation of rule
and regulations of MCX and NCDEX.
The metals price projections shown are not necessarily indicative of future pri
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
his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyon
can be held responsible for . Any surfing and reading of the information is the acceptance of
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 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
• Buy on dips
Trend
Strategy
•R2 - 104.5
•R1 - 101.7Resistance
•S1 - 99.2
•S2 - 97.5support
The information and views in this report, our website & all the service we provide are believed to be reliable,
accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that sui
Sincere efforts have been made to present the right investment perspective. The information contain
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
made investment advice. Capitalheight recommends that investors independently evaluate
particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Capi
not be responsible for any transaction conducted based on the information given in this report, which is in violation of rule
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 anyon
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
s 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
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
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
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
not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules
ce performance. The information herein,
Capitalheight might be
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
this disclaimer.
we are not responsible for any loss incurred
Capitalheight does not
Our Clients (Paid Or Unpaid), Any third party or
share our calls or SMS or Report or Any Information Provided by us to/with anyone