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www.capitalheight.com
Phone- (0731)6615050-6620150
MARKET WRAP
Gold for February delivery slid 0.3 percent to $1,241.70 an ounce
Silver lost 0.3 percent to $20.1947 an ounce
Crude rising 0.9 percent
Copper dropped 0.7 percent on the LME
Gold dropped for a second day from the highest level in a month as the rally
reduced demand amid speculation that the U.S. Federal Reserve will continue
reducing asset purchases. Silver lost 0.3 percent to $20.1947 an ounce after
climbing to $20.6094 yesterday, the highest since Nov. 18. West Texas
Intermediate swung between gains and losses amid speculation U.S. crude
stockpiles declined and signs the world’s biggest oil consumer will sustain its
economic growth. Copper dropped 0.7 percent on the London Metal Exchange
yesterday after two days of gains. Futures on the Comex in New York fell 0.1
percent to $3.334 a pound today.
ECONOMIC CALENDAR Date Time Currency Economic Data Forecast Previous
Wed Jan 15
3:30pm EUR Trade Balance 16.7B 14.5B
7:00pm USD PPI m/m 0.5% -0.1%
USD Core PPI m/m 0.1% 0.1%
USD Empire State Manufacturing Index
3.2 1.0
9:00pm USD Crude Oil Inventories -2.7M
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TECHNICAL VIEW
GOLD(FEB) SILVER(MAR)
COPPER(FEB) CRUDE(JAN)
NATURALGAS(JAN) LEAD(JAN)
ZINC(JAN) NICKEL(JAN)
• Consolidate
• Buy on dips
Trend
Strategy • R2 - 29750
• R1 - 29370 Resistance
• S1 - 28750
• S2 - 28480 support
• Consolidate
• Sell on high
Trend
Strategy • R2 - 46700
• R1 - 45850 Resistance
• S1 - 44150
• S2 - 43180 support
• Consolidate
• Sell on high
Trend
Strategy • R2 - 471
• R1 - 463 Resistance
• S1 - 451
• S2 - 443 support
• Consolidate
• Buy on dips
Trend
Strategy • R2 - 5850
• R1 - 5730 Resistance
• S1 - 5610
• S2 - 5530 support
• Consolidate
• Buy on dips
Trend
Strategy •R2 - 281
•R1 - 273 Resistance
•S1 - 261
•S2 - 253 support
• Consolidate
• Buy on dips
Trend
Strategy • R2 - 137.7
• R1 - 134.8 Resistance
• S1 - 130.8
•S2 - 127.8 support
• Consolidate
• Buy on dips
Trend
Strategy •R2 - 131.5
•R1 - 128.8 Resistance
•S1 - 125.5
•S2 - 122.3 support
• Consolidate
• Sell on high
Trend
Strategy •R2 - 915
•R1 - 898 Resistance
•S1 - 838
•S2 - 795 support
www.capitalheight.com
Phone- (0731)6615050-6620150
ALUMINIUM(JAN)
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• Consolidate
• Sell on high
Trend
Strategy •R2 - 111.5
•R1 - 108.8 Resistance
•S1 - 105.5
•S2 - 102.8 support