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Daily Newsletter Newsletter-Commodity 04/11/2010

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MARKET WRAP Gold, silver tumble ahead of Fed announcement Oil extends gains after EIA data U.S. crude inventories rose by a more-than-expected Copper eases as dollar gains after U.S. data

Gold slid more than 2 percent on Wednesday and silver tumbled as spot prices were knocked by heavy liquidation of New York metals futures ahead of an announcement on monetary policy from the Federal Reserve. Oil prices extended gains on Wednesday to trade above $84 after U.S. data showed oil product inventories fell sharply last week, as the spotlight remained on a Federal Reserve statement awaited later. Copper slipped in London on Wednesday as the dollar firmed on upbeat U.S. data ahead of a Federal Reserve decision on further monetary policy easing to shore up the world's largest economy.

ECONOMIC CALENDAR Date

Time

Currency

Economic Data

Forecast Previous

Thu 2:30pm Nov 4 6:00pm

EUR

Final Services PMI

53.2

53.2

USD

Unemployment Claims

437K

434K

6:00pm

USD

Prelim Nonfarm Productivity q/q

0.9%

-1.8%

6:00pm

USD

Prelim Unit Labor Costs q/q

0.8%

1.1%

6:15pm

EUR

Minimum Bid Rate

1.00%

1.00%

7:00pm

EUR

ECB Press Conference

8:00pm

USD

Natural Gas Storage

62B

71B

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info@capitalheight.com Phone- (0731)4295950

TECHNICAL VIEW GOLD(DEC) Trend Strategy

• Consolidate • Buy on dips

SILVER(DEC DEC) Trend Strategy

• Consolidate • Buy on dips

Resistance

• R2 -19780 • R1 -19550

Resistance

• R2 - 37350 • R1 - 36750

support

• S1 -19330 • S2 -19150

support

• S1 - 35550 • S2 - 34880

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 - 3860 • R1 - 3790

support

• S1 - 368 • S2 - 361

support

• S1 - 3690 • S2 - 3610

NATURALGAS(NOV)) Trend Strategy

• Consolidate • Sell on high

LEAD(NOV) Trend Strategy

• Consolidate • Buy on dips

Resistance

•R2 - 183 •R1 - 176

Resistance

• R2 - 113.5 • R1 - 110.7

support

•S1 - 168 •S2 - 161

support

• S1 - 107.5 •S2 - 104.7

ZINC(NOV) Trend Strategy

• Consolidate • Sell on higher

NICKEL(NOV) NICKEL(NOV Trend Strategy

• Consolidate • Sell on high

Resistance

•R2 - 111.5 •R1 - 108.7

Resistance

•R2 - 1079 •R1 - 1059

support

•S1 - 105.4 •S2 - 102.5

support

•S1 - 1032 •S2 - 985

www.capitalheight.com


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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