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Daily Newsletter-Commodity 12/09/2011

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MARKET WRAP U.S. crude futures slumped more than 2 percent on Friday Dollar rises as euro slides, hammered by ECB turmoil Equities fall as ECB discord sparks economic worries Gold dragged down by dollar spike Copper fell more than 3 percent to its lowest in more than 2 weeks G7 finance ministers gathering in France Copper capped its worst weekly performance in more than a month with a more than 3 percent plunge on Friday, as worries about slowing growth prospects in the Western world triggered an unrelenting wave of risk reduction. Gold slid on Friday, closing its worst week since June, as profit-taking by investors and a spike in the U.S. dollar outweighed the desire for a safer haven. U.S. crude futures slumped more than 2 percent on Friday on economic worries and as a stronger dollar encouraged selling of assets such as oil.

ECONOMIC CALENDAR Date

Time

Currency

Economic Data

Forecast Previous

Mon Sep 12

3:30am

EUR

ECB President Trichet Speaks

5:20am

JPY

BSI Manufacturing Index

5:20am

JPY

Monetary Policy Meeting Minutes

5:20am

JPY

Tertiary Industry Activity m/m

0.3%

1.9%

5:20am

JPY

CGPI y/y

2.7%

2.9%

1:30pm

EUR

Italian Industrial Production m/m

0.2%

-0.6%

-23.3

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TECHNICAL VIEW GOLD(OCT) Trend Strategy

• Bullish • Buy on dips

SILVER(DEC) Trend Strategy

• Consolidate • Buy on dips

Resistance

• R2 - 28550 • R1 - 28280

Resistance

• R2 - 68150 • R1 - 66470

support

• S1 - 27580 • S2 - 27150

support

• S1 - 64150 • S2 - 62800

COPPER(NOV) Trend Strategy

• Consolidate • Buy on dips

CRUDE(SEP) Trend Strategy

• Consolidate • Buy on dips

Resistance

• R2 - 429 • R1 - 421

Resistance

• R2 - 4220 • R1 - 4135

support

• S1 - 411 • S2 - 403

support

• S1 - 3990 • S2 - 3910

NATURALGAS(SEP) Trend Strategy

• Consolidate • Sell on high

LEAD(SEP) Trend

Strategy

• Consolidate • Sell on high

Resistance

•R2 - 197 •R1 - 189

Resistance

• R2 - 119.5 • R1 - 116.7

support

•S1 -178 •S2 -169

support

• S1 - 112.8 •S2 - 108.5

ZINC(SEP) Trend Strategy

• Consolidate • Sell on high

NICKEL(SEP) Trend Strategy

• Consolidate • Sell on high

Resistance

•R2 - 106.5 •R1 - 104.7

Resistance

•R2 - 1055 •R1 - 1023

support

•S1 - 100.6 •S2 - 96.5

support

•S1 - 983 •S2 - 950

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info@capitalheight.com Phone- (0731)4295950

ALUMINIUM(SEP) Trend Strategy

• Consolidate • Sell on high

Resistance

•R2 - 114.5 •R1 - 111.8

support

•S1 - 108.3 •S2 - 105.5

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