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Daily Newsletter 13/12/2010 www.capitalheight.com www.capitalheight.com Oil slips on China rate hike worry China's crude oil imports jumped 22.1 percent last month Gold drops as China tightens, down 2 pct on week Copper near record high after China imports data Date Time Currency Economic Data Forecast Previous Mon Dec 13 [email protected] Phone- (0731)4295950 www.capitalheight.com
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Daily Newsletter13/12/2010
Daily Newsletter-Commodity
www.capitalheight.com
www.capitalheight.com
www.capitalheight.com
Phone- (0731)4295950
MARKET WRAP
Oil slips on China rate hike worry
China's crude oil imports jumped 22.1 percent last month
Gold drops as China tightens, down 2 pct on week
Copper near record high after China imports data
Oil prices fell on Friday in choppy trading, finishing with a weekly loss as concerns that
China's moves to cool inflation will curb energy demand. Despite reaching a 26-month
high of $90.76 on Tuesday, for the week U.S. crude oil futures fell 1.57 percent. Oil rose
6.48 percent last week, its second straight weekly gain. Gold fell on Friday after China
raised bank reserve requirements and investors took profits in bullion U.S. data showing
rising consumer confidence and a shrinking trade gap. Copper rose near record highs
on Friday on concerns about tight supplies and after strong Chinese import data
boosted the demand outlook. China's imports of copper rose 28.5 percent to 351,597
tonnes in November, after a slump in October.
ECONOMIC CALENDAR
Date Time Currency Economic Data Forecast Previous
Mon Dec 13
5:31am GBP Rightmove HPI m/m -3.2%
5:31am GBP BOE Quarterly Bulletin
3:00pm GBP PPI Input m/m 0.7% 2.1%
5:00pm GBP MPC Member Bean Speaks
TECHNICAL
GOLD(FEB)
COPPER(FEB)
NATURALGAS(DEC)
ZINC(DEC)
• Consolidate
• Buy on dips
Trend
Strategy• R2 -20890
• R1 -20630Resistance
• S1 -20380
• S2 -20150support
• Bullish
• Buy on dips
Trend
Strategy
• R2 - 423
• R1 - 416Resistance
• S1 - 405
• S2 - 397support
• Consolidate
• Sell on high
Trend
Strategy
•R2 - 213
•R1 - 205Resistance
•S1 - 197
•S2 - 189support
• Consolidate
• Sell on high
Trend
Strategy
•R2 - 107.5
•R1 - 104.7Resistance
•S1 - 101.8
•S2 - 98.5support
ECHNICAL VIEW
SILVER(MAR
CRUDE(DEC)
LEAD(DEC)
NICKEL(DEC
• Consolidate
• Buy on dips
Trend
Strategy
• R2 - 45350
• R1 - 44150Resistance
• S1 - 42850
• S2 - 41850support
• Consolidate
• Buy on dips
Trend
Strategy• R2 - 4070
• R1 - 4010Resistance
• S1 - 3940
• S2 - 3850support
• Consolidate
• Buy on dips
Trend
Strategy• R2 - 114.5
• R1 - 110.8Resistance
• S1 - 106.8
•S2 - 104.5support
• Consolidate
• Buy on dips
Trend
Strategy
•R2 - 1145
•R1 - 1105Resistance
•S1 - 1065
•S2 - 1033support
www.capitalheight.com
Phone- (0731)4295950
MAR)
)
)
NICKEL(DEC)
Consolidate
Buy on dips
45350
44150
42850
41850
Consolidate
Buy on dips
4070
4010
3940
3850
Consolidate
Buy on dips
114.5
110.8
106.8
104.5
Consolidate
Buy on dips
1145
1105
1065
1033
ALUMINIUM(DEC)
Disclaimer
The information and views in this report, our website &
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 t
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 invest
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 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 a
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
• Sell on high
Trend
Strategy
•R2 - 107.5
•R1 - 105.3Resistance
•S1 - 103.2
•S2 - 100.7support
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 sui
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
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 shall
not be responsible for any transaction conducted based on the information given in this report, which is in violation of rule
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
nded. 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 lo
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 thir
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
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
he right investment perspective. The information contained herein is based on
be treated as only factor, while making investment decision. The report does not
made investment advice. Capitalheight recommends that investors independently evaluate
ors 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
shown are not necessarily indicative of future price performance. The information herein,
Capitalheight might be
nded. 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
nd reading of the information is the acceptance of this disclaimer.
we are not responsible for any loss incurred
Capitalheight does not
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