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Daily Newsletter Newsletter-Commodity 25/04/2011

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MARKET WRAP Shanghai copper edged up on Friday Gold steady below record, weak dollar supports LME market shut for holidays on April 22, 25 Spot silver rose to as high as $46.64 Crude oil sustain above 112$

Spot gold held steady on Friday in holiday-thinned trade, after hitting record highs in five consecutive sessions, supported by a weak dollar and a list of other supporting factors, including geopolitical uncertainties and inflation concerns. Shanghai copper edged up on Friday, tracking London's strength in the previous session on dollar weakness, supported by a rebound in copper imports from the February low.

ECONOMIC CALENDAR Date

Time

Currency

Economic Data

Mon Apr 25

All Day

EUR

French Bank Holiday

All Day

EUR

German Bank Holiday

All Day

EUR

Italian Bank Holiday

7:30pm

USD

New Home Sales

Forecast Previous

280K

250K

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info@capitalheight.com Phone- (0731)4295950

TECHNICAL VIEW GOLD(JUNE) Trend Strategy

• Bullish • Buy on dips

SILVER(MAY MAY) Trend Strategy

• Bullish • Buy on dips

Resistance

• R2 -22580 • R1 -22270

Resistance

• R2 - 75400 • R1 - 72350

support

• S1 -21980 • S2 -21650

support

• S1 - 69400 • S2 - 67700

COPPER(APR) Trend Strategy

• Consolidate • Buy on dips

CRUDE(MAY MAY) Trend Strategy

• Bullish • Buy on dips

Resistance

• R2 - 445 • R1 - 437

Resistance

• R2 - 5190 • R1 - 5080

support

• S1 - 423 • S2 - 411

support

• S1 - 4935 • S2 - 4850

NATURALGAS(APR) Trend Strategy

• Consolidate • Sell on high

LEAD(APR)) Trend Strategy

• Consolidate • Sell on high

Resistance

•R2 - 213 •R1 - 205

Resistance

• R2 - 121.5 • R1 - 118.7

support

•S1 - 191 •S2 - 183

support

• S1 - 115.8 •S2 - 112.5

ZINC(APR) Trend Strategy

• Consolidate • Sell on high

NICKEL(APR R) Trend Strategy

• Consolidate • Buy on dips

Resistance

•R2 - 108.2 •R1 - 105.5

Resistance

•R2 - 1255 •R1 - 1217

support

•S1 - 102.3 •S2 - 99.5

support

•S1 - 1183 •S2 - 1148

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info@capitalheight.com Phone- (0731)4295950

ALUMINIUM(APR) Trend Strategy

• Consolidate • Buy on dips

Resistance

•R2 - 125.7 •R1 - 123.2

support

•S1 - 120.3 •S2 - 118.5

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