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Daily Newsletter Newsletter-Commodity 03/11/2010

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MARKET WRAP Gold rises as dollar wilts ahead of Fed Dollar retreats ahead of Fed meeting Oil price jumps after Libya talks of $100 Copper rose on Tuesday as the dollar fell lead stocks at highest level in more than 10 years

Gold firmed in Europe on Tuesday, climbing back towards the previous session's near two-week high, as the dollar retreated ahead of a hotly anticipated policy meeting of the U.S. Federal Reserve starting today. Copper rose on Tuesday as the dollar fell and on signs demand could be improving in top metals consumer China as well as in Europe, but investors were cagey ahead of U.S. elections and a Federal Reserve meeting.

ECONOMIC CALENDAR Date

Time

Currency

Economic Data

Forecast Previous

Wed Nov 3

5:00pm

USD

Challenger Job Cuts y/y

5:45pm

USD

21K

-39K

7:30pm

USD

ADP Non-Farm Employment Change ISM Non-Manufacturing PMI

53.5

53.2

7:30pm

USD

Factory Orders m/m

1.3%

-0.5%

8:00pm

USD

Crude Oil Inventories

1.7M

5.0M

All Day

USD

Total Vehicle Sales

11.8M

11.8M

11:45pm

USD

FOMC Statement

11:45pm

USD

Federal Funds Rate

<0.25%

<0.25

-44.1%

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TECHNICAL VIEW GOLD(DEC) Trend Strategy

• Consolidate • Buy on dips

SILVER(DEC DEC) Trend Strategy

• Bullish • Buy on dips

Resistance

• R2 -20050 • R1 -19820

Resistance

• R2 - 37850 • R1 - 37300

support

• S1 -19630 • S2 -19450

support

• S1 - 36550 • S2 - 35880

COPPER(NOV) Trend Strategy

• Consolidate • Buy on dips

CRUDE(NOV) CRUDE(NOV Trend Strategy

• Consolidate • Buy on dips

Resistance

• R2 - 384 • R1 - 377

Resistance

• R2 - 3850 • R1 - 3770

support

• S1 - 368 • S2 - 361

support

• S1 - 3670 • S2 - 3590

NATURALGAS(NOV)) Trend Strategy

• Consolidate • Sell on high

LEAD(NOV) Trend Strategy

• Consolidate • Buy on dips

Resistance

•R2 - 187 •R1 - 179

Resistance

• R2 - 113.5 • R1 - 111.7

support

•S1 - 171 •S2 - 163

support

• S1 - 108.5 •S2 - 105.7

ZINC(NOV) Trend Strategy

• Consolidate • Buy on dips

NICKEL(NOV) NICKEL(NOV Trend Strategy

• Consolidate • Sell on high

Resistance

•R2 - 113.5 •R1 - 110.2

Resistance

•R2 - 1079 •R1 - 1055

support

•S1 - 107.2 •S2 - 104.5

support

•S1 - 1015 •S2 - 978

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info@capitalheight.com Phone- (0731)4295950

ALUMINIUM(NOV) Trend Strategy

• Consolidate • Buy on dips

Resistance

•R2 - 110.7 •R1 - 108.5

support

•S1 - 105.7 •S2 - 103.3

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