Page 1

Daily Newsletter Newsletter-Commodity 10/03/2011

www.capitalheight.com


info@capitalheight.com Phone- (0731)4295950

MARKET WRAP Gold underpinned by raging violence in Libya Copper loses ground on stronger oil price LME stocks of copper fall Zinc falls almost 5% on Wednesday Base metals tumbles on Wednesday

Gold was little changed on Wednesday as investors booked profits, erasing earlier gains driven by intensifying political unrest across North Africa and the Middle East and renewed worries over euro zone debt. Copper fell on Wednesday as strengthening crude oil prices kept investors worried that inflationary pressures could hit economic growth and demand. U.S. crude inventories rose much more than expected last week as imports rose.

ECONOMIC CALENDAR Date

Time

Currency

Economic Data

Thu Mar 10

12:00am

USD

12:00pm

EUR

12:30pm

EUR

Treasury Sec Geithner Speaks French Final Non-Farm Payrolls q/q German Trade Balance

2:30pm

EUR

ECB Monthly Bulletin

7:00pm

USD

7:00pm 9:00pm

Forecast Previous

0.2%

0.2%

13.7B

14.0B

Trade Balance

-41.4B

-40.6B

USD

Unemployment Claims

375K

368K

USD

Natural Gas Storage

www.capitalheight.com


info@capitalheight.com Phone- (0731)4295950

TECHNICAL VIEW GOLD(APR) Trend Strategy

• Bullish • Buy on dips

SILVER(MAY MAY) Trend Strategy

• Bullish • Buy on dips

Resistance

• R2 -21480 • R1 -21170

Resistance

• R2 - 55800 • R1 - 54750

support

• S1 -20930 • S2 -20750

support

• S1 - 53150 • S2 - 51700

COPPER(APR) Trend Strategy

• Consolidate • Sell on high

CRUDE(MAR) CRUDE(MAR Trend Strategy

• Consolidate • Buy on dips

Resistance

• R2 - 435 • R1 - 427

Resistance

• R2 - 4870 • R1 - 4790

support

• S1 - 417 • S2 - 409

support

• S1 - 4670 • S2 - 4580

NATURALGAS(MAR)) Trend Strategy

• Consolidate • Sell on high

LEAD(MAR) LEAD(MAR Trend Strategy

• Consolidate • Sell on high

Resistance

•R2 - 191 •R1 - 183

Resistance

• R2 - 117.5 • R1 - 115.3

support

•S1 - 173 •S2 - 165

support

• S1 - 111.5 •S2 - 108.3

ZINC(MAR) Trend Strategy

• Consolidate • Sell on high

NICKEL(MAR) NICKEL(MAR Trend Strategy

• Consolidate • Sell on high

Resistance

•R2 - 107.5 •R1 - 104.3

Resistance

•R2 - 1255 •R1 - 1217

support

•S1 - 101.2 •S2 - 98.3

support

•S1 - 1173 •S2 - 1135

www.capitalheight.com


info@capitalheight.com Phone- (0731)4295950

ALUMINIUM(MAR) Trend Strategy

• Consolidate • Buy on dips

Resistance

•R2 - 118.7 •R1 - 116.5

support

•S1 - 114.2 •S2 - 111.5

Disclaimer 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 sui them the most. Sincere efforts have been made to present the right investment perspective. The information contained contain 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 The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made 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 Capi shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules rule and regulations of MCX and NCDEX. The metals price projections shown are not necessarily indicative of future pri price ce performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to Capitalheight 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 the site or its owners or anyone anyon can 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 thereof. we are not responsible for any loss incurred whatsoever for any financial profitss or loss which may arise from the recommendations above. 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 taken.

www.capitalheight.com


COMMODITY NEWS LETTER DAILY (1)  

Daily Newsletter 10/03/2011 www.capitalheight.com www.capitalheight.com 12:00am USD Treasury Sec Geithner Speaks 12:00pm EUR French Final No...

Advertisement
Read more
Read more
Similar to
Popular now
Just for you