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Daily Newsletter02/08/2011
Daily Newsletter-Commodity
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MARKET WRAP
Gold rose toward record highs on Monday
Weak U.S. manufacturing data boosts gold,silver
Copper hit a one-week low on Monday
Inventories of copper in LME-registered warehouses at above 466,000 tonnes
Crude oil slips sharply below 93$
Gold rose toward record highs on Monday, erasing early losses after data showing a
slowdown in U.S. manufacturing activity fed the view that the Federal Reserve might ease
monetary policy further to stimulate the economy. Copper hit a one-week low on Monday
as disappointing manufacturing data from the United States reinforced fears of weak
demand growth from the world's largest economy and as the dollar strengthened. U.S.
and Brent crude futures pared gains on Monday after a report showed the Institute for
Supply Management's U.S. manufacturing index fell to its lowest since July 2009.
ECONOMIC CALENDAR
Date Time Currency Economic Data Forecast Previous
Tue Aug 2
2:30pm EUR PPI m/m 0.1% -0.2%
6:00pm USD Core PCE Price Index m/m 0.2% 0.3%
6:00pm USD Personal Spending m/m 0.2% 0.0%
6:00pm USD Personal Income m/m 0.3% 0.3%
All Day USD Total Vehicle Sales 11.9M 11.5M
TECHNICAL
GOLD(OCT)
COPPER(AUG)
NATURALGAS(AUG
ZINC(AUG)
• Consolidate
• Buy on dips
Trend
Strategy• R2 - 23950
• R1 - 23670Resistance
• S1 - 23380
• S2 - 23050support
• Consolidate
• Buy on dips
Trend
Strategy
• R2 - 443
• R1 - 436Resistance
• S1 - 427
• S2 - 419support
• Consolidate
• Sell on high
Trend
Strategy
•R2 - 201
•R1 - 193Resistance
•S1 -181
•S2 -173support
• Consolidate
• Buy on dips
Trend
Strategy
•R2 - 113.5
•R1 - 110.6Resistance
•S1 - 108.3
•S2 - 106.5support
Phone
ECHNICAL VIEW
SILVER(SEP
) CRUDE(AUG
AUG) LEAD(AUG
NICKEL(
Consolidate
Buy on dips
23950
23670
23380
23050
• Consolidate
• Buy on dips
Trend
Strategy
• R2
• R1 Resistance
• S1 -
• S2 -support
Consolidate
Buy on dips• Consolidate
• Sell on high
Trend
Strategy• R2 -
• R1 -Resistance
• S1 -
• S2 -support
Consolidate
Sell on high
• Consolidate
• Sell on high
Trend
Strategy• R2
• R1 Resistance
• S1
•S2 support
Consolidate
Buy on dips
113.5
110.6
• Consolidate
• Buy on dips
Trend
Strategy
•R2 -
•R1 -Resistance
•S1 -
•S2 -support
www.capitalheight.com
Phone- (0731)4295950
SEP)
AUG)
AUG)
AUG)
Consolidate
Buy on dips
R2 - 61200
R1 - 59550
- 57670
- 56500
Consolidate
Sell on high
- 4345
- 4260
4130
4050
Consolidate
Sell on high
R2 - 119.8
R1 - 116.2
- 113.3
- 110.5
Consolidate
Buy on dips
- 1155
- 1113
1083
1055
ALUMINIUM(AUG
Disclaimer
The information and views in this report, our website & all the service we provide are believed to be reliable, but we
accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that sui
the most.
Sincere efforts have been made to present the right investment perspective. The information contained here
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. Th
individually tailor-made investment advice.
evaluate particular investments and strategies, and encourages investors to seek the advice of a financial
Capitalheight Research Pvt. Ltd. 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 metals price projections shown are no
together with all estimates and forecasts, can change without notice. Analyst or any person related to
Research Pvt. Ltd. might be holding positions in the st
through the site has done so at his free will and does not read any views expressed as a recommendation for which either t
site or its owners or anyone can be held responsible for . A
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.
Research Pvt. Ltd. does not purport to be an invitation or an offer to buy or sell any financial instrument.
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 Act
taken.
• Consolidate
• Buy on dips
Trend
Strategy
•R2 - 118.5
•R1 - 116.2Resistance
•S1 - 113.5
•S2 - 110.8support
Phone
AUG)
The information and views in this report, our website & all the service we provide are believed to be reliable, but we
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 contained here
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
made investment advice. Money Capitalheight Research Pvt. Ltd. recommends that investors independently
evaluate particular investments and strategies, and encourages investors to seek the advice of a financial
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.
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
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 t
site or its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptance of this
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.
does not purport to be an invitation or an offer to buy or sell any financial instrument.
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 Act
Consolidate
Buy on dips
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 them
Sincere efforts have been made to present the right investment perspective. The information contained herein is based on
e report does not provide
recommends that investors independently
evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Money
shall not be responsible for any transaction conducted based on the information given in this
t 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 Money Capitalheight
ocks 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
ny surfing and reading of the information is the acceptance of this
e for any loss incurred
whatsoever for any financial profits or loss which may arise from the recommendations above. Money 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