daily commodity newsletter by capital height 22 03-11
TRANSCRIPT
Daily Newsletter22/03/2011
Daily Newsletter-Commodity
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www.capitalheight.com
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Phone- (0731)4295950
MARKET WRAP
Gold prices held steady on Monday
Copper prices edged lower on Monday
Lead slips after making new multi week high
Oil steadied on Monday
Silver up on week starting
Gold prices held steady on Monday, supported by a weak dollar and firm oil prices, as
the unrest in the Middle East and North Africa intensified and Japan continued its efforts
to control the nuclear crisis. Copper prices edged higher in London on Tuesday, paring
the previous session's 1 percent loss, but Shanghai futures extended losses after weak
import data from the world's top commodity buyer and soft housing data in the United
States. U.S. crude oil futures were steady on Monday as supply concerns triggered by
the spreading unrest in the Middle East supported prices, but uncertainty about demand
from the world's No. 3 consumer Japan capped gains.
ECONOMIC CALENDAR
Date Time Currency Economic Data Forecast Previous
Tue Mar 22
5:05pm USD FOMC Member Fisher Speaks
6:00pm USD Treasury Sec Geithner Speaks
7:30pm USD OFHEO HPI m/m -0.2% -0.3%
7:30pm USD Richmond Manufacturing Index 23 25
TECHNICAL
GOLD(APR)
COPPER(APR)
NATURALGAS(MAR)
ZINC(MAR)
• Consolidate
• Buy on dips
Trend
Strategy• R2 -21380
• R1 -21130Resistance
• S1 -20830
• S2 -20650support
• Consolidate
• Buy on dips
Trend
Strategy
• R2 - 441
• R1 - 433Resistance
• S1 - 422
• S2 - 413support
• Consolidate
• Buy on dips
Trend
Strategy
•R2 - 201
•R1 - 193Resistance
•S1 - 182
•S2 - 173support
• Consolidate
• Sell on high
Trend
Strategy
•R2 - 108.3
•R1 - 105.2Resistance
•S1 - 101.3
•S2 - 98.5support
ECHNICAL VIEW
SILVER(MAY
CRUDE(APR)
) LEAD(MAR
NICKEL(MAR
• Consolidate
• Buy on dips
Trend
Strategy
• R2 - 55750
• R1 - 54650Resistance
• S1 - 52950
• S2 - 52100support
• Consolidate
• Buy on dips
Trend
Strategy• R2 - 4790
• R1 - 4710Resistance
• S1 - 4610
• S2 - 4530support
• Consolidate
• Buy on dips
Trend
Strategy• R2 - 125.5
• R1 - 122.3Resistance
• S1 - 118.7
•S2 - 115.5support
• Consolidate
• Buy on dips
Trend
Strategy
•R2 - 1255
•R1 - 1228Resistance
•S1 - 1186
•S2 - 1143support
www.capitalheight.com
Phone- (0731)4295950
MAY)
)
LEAD(MAR)
NICKEL(MAR)
Consolidate
Buy on dips
55750
54650
52950
52100
Consolidate
Buy on dips
4790
4710
4610
4530
Consolidate
Buy on dips
125.5
122.3
118.7
115.5
Consolidate
Buy on dips
1255
1228
1186
1143
ALUMINIUM(MAR)
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
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 recomm
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 thi
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 anyon
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 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 - 117.7
•R1 - 115.4Resistance
•S1 - 113.2
•S2 - 110.3support
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
analysis and up on sources that we consider reliable.
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
not be responsible for any transaction 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,
together with all estimates and forecasts, can change without notice. Analyst or any person related to Capitalheight
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
or . 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
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
ends that investors independently evaluate
particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Capitalheight shall
s report, which is in violation of rules
price projections shown are not necessarily indicative of future price performance. The information herein,
Capitalheight might be
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
or . Any surfing and reading of the information is the acceptance of this disclaimer.
onsible for any loss incurred
Capitalheight does not
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