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Daily Newsletter Newsletter-Commodity 16/11/2010

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MARKET WRAP Gold rises above $1,370/oz Dollar index rises, euro under pressure from debt worries Oil edges up after $3 slide Copper steady after early surrender Base metals recovers from early lows

Gold held near $1,370 an ounce on Monday, steadying after its biggest one-day fall since July 1 in the previous session, as concerns over euro zone sovereign debt levels offset pressure exerted by strength in the dollar. U.S. oil prices edged up on Monday, bouncing on expectations demand will firm after sliding sharply from a 25-month peak last week on concerns China may act to cool inflation and on continuing worries about Europe's economy and euro zone debt.

ECONOMIC CALENDAR Date

Time

Currency

Economic Data

Forecast Previous

Tue Nov 16

7:00pm

USD

PPI m/m

0.7%

0.4%

7:00pm

USD

Core PPI m/m

0.2%

0.1%

7:30pm

USD

TIC Long-Term Purchases

100.3B

128.7B

7:45pm

USD

Capacity Utilization Rate

74.9%

74.7%

7:45pm

USD

Industrial Production m/m

0.4%

-0.2%

16th-26th

USD

Mortgage Delinquencies

8:30pm

USD

NAHB Housing Market Index

9.85% 17

16

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TECHNICAL VIEW GOLD(DEC) Trend Strategy

• Consolidate • Buy on dips

SILVER(DEC DEC) Trend Strategy

• Consolidate • Buy on dips

Resistance

• R2 -20550 • R1 -20280

Resistance

• R2 - 40950 • R1 - 40150

support

• S1 -20050 • S2 -19820

support

• S1 - 39100 • S2 - 37750

COPPER(NOV) Trend Strategy

• Bullish • Buy on dips

CRUDE(NOV) CRUDE(NOV Trend Strategy

• Consolidate • Buy on dips

Resistance

• R2 - 403 • R1 - 395

Resistance

• R2 - 3950 • R1 - 3880

support

• S1 - 385 • S2 - 377

support

• S1 - 3790 • S2 - 3710

NATURALGAS(NOV)) Trend Strategy

• Consolidate • Sell on high

LEAD(NOV) Trend Strategy

• Consolidate • Buy on dips

Resistance

•R2 - 186 •R1 - 175

Resistance

• R2 - 116.8 • R1 - 113.6

support

•S1 - 167 •S2 - 161

support

• S1 - 108.7 •S2 - 105.5

ZINC(NOV) Trend Strategy

• Consolidate • Sell on high

NICKEL(NOV) NICKEL(NOV Trend Strategy

• Consolidate • Sell on high

Resistance

•R2 - 109.5 •R1 - 106.8

Resistance

•R2 - 1063 •R1 - 1028

support

•S1 - 103.5 •S2 - 100.8

support

•S1 - 997 •S2 - 965

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info@capitalheight.com Phone- (0731)4295950

ALUMINIUM(NOV) Trend Strategy

• Consolidate • Buy on dips

Resistance

•R2 - 110.5 •R1 - 108.7

support

•S1 - 106.3 •S2 - 104.5

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