Daily Newsletter10/12/2010
Daily Newsletter-Commodity
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MARKET WRAP
Oil falls for third day on dollar
Gold builds on gains as dollar weakens
Initial weekly jobless claims fell last week by more than expected
Copper hits record high, supplies in focus
Dollar strengthens, euro hit by Irish uncertainty
Copper fell from an earlier record high on Thursday as investors worried about demand in
China ahead of key trade data from the top metals consumer, offsetting bullish signs of
market tightness. Gold edged up on Thursday after an upbeat report on the U.S. jobs
market encouraged some investor risk appetite, which in turn knocked the dollar in favour
of higher-yielding currencies and commodities. U.S. crude oil futures prices turned
negative on Thursday, erasing previous gains of as much as $1 after the dollar
strengthened and data from Europe showed a build up in oil stocks despite cold weather.
ECONOMIC CALENDAR
Date Time Currency Economic Data Forecast Previous
Fri Dec 10
12:30pm EUR German WPI m/m 0.5% -0.3%
1:15pm EUR French Industrial Production m/m
0.4% 0.1%
2:30pm EUR Italian Industrial Production m/m 0.8% -2.1%
7:00pm USD Trade Balance -43.5B -44.0B
7:00pm USD Import Prices m/m 0.9% 0.9%
8:25pm USD Prelim UoM Consumer Sentiment
72.4 71.6
8:25pm USD Prelim UoM Inflation Expectations
3.0%
TECHNICAL
GOLD(FEB)
COPPER(FEB)
NATURALGAS(DEC)
ZINC(DEC)
• Consolidate
• Buy on dips
Trend
Strategy• R2 -20890
• R1 -20680Resistance
• S1 -20420
• S2 -20150support
• Bullish
• Buy on dips
Trend
Strategy
• R2 - 423
• R1 - 416Resistance
• S1 - 405
• S2 - 397support
• Consolidate
• Sell on high
Trend
Strategy
•R2 - 219
•R1 - 211Resistance
•S1 - 202
•S2 - 195support
• Consolidate
• Buy on dips
Trend
Strategy
•R2 - 108.5
•R1 - 105.7Resistance
•S1 - 102.8
•S2 - 99.5support
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 - 4110
• R1 - 4040Resistance
• S1 - 3960
• S2 - 3880support
• 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
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Phone- (0731)4295950
MAR)
)
)
NICKEL(DEC)
Consolidate
Buy on dips
45350
44150
42850
41850
Consolidate
Buy on dips
4110
4040
3960
3880
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 & all the service we provide are believed to be reliable,
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 the right investment perspective. The information contain
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 decis
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. Capitalhe
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 pe
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 throu
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
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
purport to be an invitation or an offer to buy or sell any financial instrument.
anyone else have no rights to forward or shar
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 - 110.5
•R1 - 107.3Resistance
•S1 - 105.2
•S2 - 102.7support
The information and views in this report, our website & all the service we provide are believed to be reliable,
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 contain
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
made investment advice. Capitalheight recommends that investors independently evaluate
particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Capitalhe
not be responsible for any transaction conducted based on the information given in this report, which is in violation of rule
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
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.
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
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
ion. 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 rules
rformance. The information herein,
Capitalheight might be
gh 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
disclaimer.
we are not responsible for any loss incurred
Capitalheight does not
Our Clients (Paid Or Unpaid), Any third party or
e our calls or SMS or Report or Any Information Provided by us to/with anyone
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