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Daily Newsletter Newsletter-Commodity 24/09/2010

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MARKET WRAP Gold held steady on Friday as disappointing data U.S. stocks fell on Thursday Oil fell on Thursday as investor unease about the economic recovery Euro up V/s Dollar Copper swept to its highest in five months

Gold held steady on Thursday as disappointing data from the U.S. and Europe renewed concerns over the economic recovery, keeping market sentiment supported. Base metals scaled multi-month peaks on Thursday as investors bet fundamentals would continue to improve over the course of the year, with copper a particular favorite due to its dwindling supply base and robust Asian interest. Oil fell on Thursday as investor unease about the economic recovery spread across markets after lacklustre U.S. employment and housing data.

ECONOMIC CALENDAR Date

Time

Currency

Economic Data

Forecast Previous

Fri Sep 24

11:30am

EUR

German Import Prices m/m

0.3%

-0.2%

1:30pm

EUR

German Ifo Business Climate

106.3

106.7

1:30pm

EUR

Italian Retail Sales m/m

-0.4%

0.3%

6:00pm

USD

0.9%

-3.7%

6:00pm

USD

Core Durable Goods Orders m/m Durable Goods Orders m/m

-0.9%

0.4%

6:30pm

USD

FOMC Member Duke Speaks

7:30pm

USD

New Home Sales

292K

276K

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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 - 33350 • R1 - 32650

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 - 3370 • S2 - 3310

NATURALGAS(SEP) Trend Strategy

• Consolidate • Sell on high

LEAD(SEP) Trend Strategy

• Consolidate • Buy on dips

Resistance

•R2 - 195 •R1 - 187

Resistance

• R2 - 103.8 • R1 - 101.5

support

•S1 - 178 •S2 - 170

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 - 103.7 •R1 - 100.7

Resistance

•R2 - 1083 •R1 - 1046

support

•S1 - 98.5 •S2 - 95.7

support

•S1 - 1025 •S2 - 995

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info@capitalheight.com Phone- (0731)4295950

ALUMINIUM(SEP) Trend Strategy

• Consolidate • Buy on dips

Resistance

•R2 - 105.3 •R1 - 102.7

support

•S1 - 100.6 •S2 - 98.5

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