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Daily Newsletter24/06/2011

Daily Newsletter-Commodity

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MARKET WRAP

Gold tumbles 2 pct as dollar surges

The euro fell 1.0 percent against the dollar

U.S. jobless claims rise more than expected

Oil dives to lowest since Feb

Copper falls on dollar, growth concerns

Gold was set for its biggest daily fall in over a month on Thursday after a surprisingly

large rise in weekly U.S. jobless claims hit investor risk appetite, pummelling commodities

and stocks and boosting the dollar. Copper fell on Thursday on a stronger dollar and

concerns about demand in the United States after the Federal Reserve cut its forecasts

for economic growth in the world's largest economy.

ECONOMIC CALENDAR

Date Time Currency Economic Data Forecast Previous

Fri Jun 24

1:30pm EUR German Ifo Business Climate 113.6 114.2

1:30pm EUR Italian Retail Sales m/m -0.1% -0.2%

Day 2 EUR EU Economic Summit

6:00pm USD Core Durable Goods Orders m/m 1.0% -1.6%

6:00pm USD Durable Goods Orders m/m 1.6% -3.6%

6:00pm USD Final GDP q/q 1.9% 1.8%

6:00pm USD Final GDP Price Index q/q 1.9% 1.9%

TECHNICAL

GOLD(AUG)

COPPER(JUNE)

NATURALGAS(JUNE)

ZINC(JUNE)

• Consolidate

• Buy on dips

Trend

Strategy• R2 - 22770

• R1 - 22550Resistance

• S1 - 22280

• S2 - 22050support

• Consolidate

• Buy on dips

Trend

Strategy

• R2 - 418


• S1 - 399

• S2 - 391support

• Consolidate

• Sell on high

Trend

Strategy

•R2 - 203

•R1 - 196Resistance

•S1 - 185

•S2 - 178support

• Consolidate

• Sell on high

Trend

Strategy

•R2 - 102.8

•R1 - 100.8Resistance

•S1 - 98.3

•S2 - 95.8support

[email protected]

Phone

ECHNICAL VIEW

SILVER(JULY

CRUDE(JULY)

LEAD(JUNE)

NICKEL(JUNE

• Consolidate

• Buy on dips

Trend

Strategy

• R2 - 54800


• S1 - 52250


• Consolidate

• Sell on high

Trend

Strategy• R2 - 4270


• S1 - 4050


• Consolidate

• Sell on high

Trend

Strategy• R2 - 117.5

• R1 - 114.8Resistance

• S1 - 111.8

•S2 - 107.5support

• Consolidate

• Sell on high

Trend

Strategy

•R2 - 1045

•R1 - 1017Resistance

•S1 - 977

•S2 - 945support


[email protected]

Phone- (0731)4295950

JULY)

JUNE)

Consolidate

Buy on dips

54800

53750

52250

50780

Consolidate

Sell on high

4270

4180

Consolidate

Sell on high

117.5

114.8

111.8

107.5

Consolidate

Sell on high

ALUMINIUM(JUNE)

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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 herein is based on

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This material is for personal information and based upon it & takes no responsib

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 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 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 anyone c

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

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 instrum

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 Lega

• Consolidate

• Sell on high

Trend

Strategy

•R2 - 116.8

•R1 - 113.5Resistance

•S1 - 111.3

•S2 - 109.5support

[email protected]

Phone

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


analysis and up on sources that we consider reliable.

This material is for personal information and based upon it & takes no responsibility


made investment advice. Capitalheight recommends that investors independently evaluate particular

ments and strategies, and encourages investors to seek the advice of a financial adviser. Capitalheight shall not be


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


free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone c

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

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


which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.


[email protected]

Phone- (0731)4295950

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



made investment advice. Capitalheight recommends that investors independently evaluate particular

ments and strategies, and encourages investors to seek the advice of a financial adviser. Capitalheight shall not be


price projections shown are not necessarily indicative of future price performance. The information herein,

Capitalheight might be


free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can

we are not responsible for any loss incurred

Capitalheight does not

Our Clients (Paid Or Unpaid), Any third party or


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