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Daily Newsletter Newsletter-Commodity 01/10/2010

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MARKET WRAP Gold hits 10th record peak in 12 days and falls Silver climbs to 30-year peak Oil tops $79 after US jobless New US jobless claims fall, Q2 growth revised up Copper dips on China property

Copper eased on Thursday as moves by top metals consumer China to curb property prices prompted profit taking, although losses were limited by dollar weakness and better-than forecast U.S. data. Oil topped $79 a barrel, hitting a fresh seven-week high on Thursday after data in the United States offered hope for a pick-up in economic activity in the world's largest economy.

ECONOMIC CALENDAR Date

Time

Currency

Economic Data

Forecast Previous

Fri 12:00am Oct 1 6:00pm

USD

Fed Chairman Bernanke Speaks

USD

Core PCE Price Index m/m

0.1%

0.1%

6:00pm

USD

Personal Spending m/m

0.4%

0.4%

6:00pm

USD

Personal Income m/m

0.3%

0.2%

7:25pm

USD

67.1

66.6

7:25pm

USD

7:30pm

USD

Revised UoM Consumer Sentiment Revised UoM Inflation Expectations ISM Manufacturing PMI

7:30pm

USD

Construction Spending m/m

7:30pm

USD

ISM Manufacturing Prices

2.2% 54.6

56.3

-0.4%

-1.0%

59.6

61.5

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TECHNICAL VIEW GOLD(OCT) Trend Strategy

• Bullish • Buy on dips

SILVER(DEC DEC) Trend Strategy

• Bullish • Buy on dips

Resistance

• R2 -19480 • R1 -19250

Resistance

• R2 - 34250 • R1 - 33380

support

• S1 -18950 • S2 -18730

support

• S1 - 32550 • S2 - 31580

COPPER(NOV) Trend Strategy

• Consolidate • Buy on dips

CRUDE(OCT)) Trend Strategy

• Consolidate • Sell on high

Resistance

• R2 - 372 • R1 - 364

Resistance

• R2 - 3650 • R1 - 3580

support

• S1 - 357 • S2 - 348

support

• S1 - 3510 • S2 - 3430

NATURALGAS(OCT) Trend Strategy

• Consolidate • Sell on high

LEAD(OCT)) Trend Strategy

• Consolidate • Buy on dips

Resistance

•R2 - 193 •R1 - 181

Resistance

• R2 - 106.3 • R1 - 103.5

support

•S1 - 172 •S2 - 165

support

• S1 - 100.5 •S2 - 97.8

ZINC(OCT) Trend Strategy

• Consolidate • Sell on higher

NICKEL(OCT) NICKEL(OCT Trend Strategy

• Consolidate • Buy on dips

Resistance

•R2 - 102.5 •R1 - 100.5

Resistance

•R2 - 1093 •R1 - 1065

support

•S1 - 98.3 •S2 - 95.5

support

•S1 - 1025 •S2 - 995

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info@capitalheight.com Phone- (0731)4295950

ALUMINIUM(OCT) Trend Strategy

• Consolidate • Buy on dips

Resistance

•R2 - 107.8 •R1 - 105.5

support

•S1 - 103.5 •S2 - 100.7

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