Issuu on Google+

Daily Newsletter Newsletter-Commodity 23/09/2010

www.capitalheight.com


info@capitalheight.com Phone- (0731)4295950

MARKET WRAP Gold hits record high after Fed rates signal Oil falls below $75 after U.S. inventory data U.S. crude stockpiles unexpectedly rise Euro up V/s Dollar Copper swept to its highest in five months

Gold rose for a third day on Wednesday to hit record highs after the Federal Reserve signalled it stood ready to inject fresh cash into the economy, knocking the dollar and whetting investor appetite for bullion. Oil fell below $75 a barrel on Wednesday, reversing earlier gains after government inventory data showed a rise in crude and oil product stocks.

ECONOMIC CALENDAR Date

Time

Currency

Economic Data

Forecast Previous

Thu 12:30pm Sep 23 1:00pm

EUR

French Flash Manufacturing PMI

55.0

55.1

EUR

German Manufacturing PMI

57.7

58.2

1:00pm

EUR

German Flash Services PMI

57.2

57.2

1:30pm

EUR

Flash Manufacturing PMI

54.6

55.1

1:30pm

EUR

Flash Services PMI

55.5

55.9

6:00pm

USD

Unemployment Claims

451K

450K

7:30pm

USD

Existing Home Sales

4.11M

3.83M

8:00pm

USD

Natural Gas Storage

82B

103B

www.capitalheight.com


info@capitalheight.com Phone- (0731)4295950

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 - 33150 • R1 - 32580

support

• S1 -19040 • S2 -18850

support

• S1 - 31850 • S2 - 31180

COPPER(NOV) Trend Strategy

• Consolidate • Buy on dips

CRUDE(OCT)) Trend Strategy

• Consolidate • Sell on high

Resistance

• R2 - 366 • R1 - 361

Resistance

• R2 - 3550 • R1 - 3480

support

• S1 - 351 • S2 - 343

support

• S1 - 3390 • S2 - 3310

NATURALGAS(SEP) Trend Strategy

• Consolidate • Sell on high

LEAD(SEP) Trend Strategy

• Consolidate • Buy on dips

Resistance

•R2 - 191 •R1 - 183

Resistance

• R2 - 102.8 • R1 - 100.5

support

•S1 - 175 •S2 - 167

support

• S1 - 98.5 •S2 - 96.3

ZINC(SEP) Trend Strategy

• Consolidate • Buy on dips

NICKEL(SEP) NICKEL(SEP Trend Strategy

• Consolidate • Sell on dips

Resistance

•R2 - 102.7 •R1 - 99.8

Resistance

•R2 - 1083 •R1 - 1045

support

•S1 - 96.7 •S2 - 94.5

support

•S1 - 1025 •S2 - 995

www.capitalheight.com


info@capitalheight.com Phone- (0731)4295950

ALUMINIUM(SEP) Trend Strategy

• Consolidate • Buy on dips

Resistance

•R2 - 102.7 •R1 - 100.7

support

•S1 - 99.3 •S2 - 97.5

Disclaimer The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits sui them the most. Sincere efforts have been made to present the right invest investment ment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. This material is for personal information and based upon it & takes no responsibility The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made made investment advice. Capitalheight recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek th the e advice of a financial adviser. Capitalheight shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules rule and regulations of MCX and NCDEX. The metals price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to Capitalheight might be holding positions in the stocks recommended. It is un understood derstood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone anyon can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer. All Rights Reserved. Investment in Commodity and equity market has its own risks. We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any loss incurred whatsoever atsoever for any financial profits or loss which may arise from the recommendations above. Capitalheight does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or anyone one else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.

www.capitalheight.com


Commodity Tips | MCX Tips | Share Market Tips | Intraday Tips | NSE BSE Tips