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Daily Newsletter Newsletter-Commodity 03/08/2011

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MARKET WRAP Gold surged more than 1 percent to all-time highs U.S. consumer spending slipped 0.2 percent in June Oil falls as market worries over economy Copper inched up on Tuesday Gold surged more than 1 percent to all-time highs on Tuesday, as more weak U.S. economic data fueled safe-haven buying on fears a slow economy may trigger more monetary stimulus by the Federal Reserve. Oil prices fell on Tuesday as increasing concerns about slowing economic growth provided pressure even as a debt-limit deal in the United States was being finalized in Washington. Copper inched up on Tuesday as supply worries fuelled by a strike at the world's biggest copper mine offset concerns about demand growth.

ECONOMIC CALENDAR Date

Time

Currency

Economic Data

Forecast Previous

Wed Aug 3

1:30pm

EUR

Final Services PMI

51.4

51.4

2:30pm

EUR

Retail Sales m/m

0.5%

-1.1%

5:00pm

USD

Challenger Job Cuts y/y

5:45pm

USD

ADP Non-Farm Employment Change

101K

157K

7:30pm

USD

ISM Non-Manufacturing PMI

53.8

53.3

7:30pm

USD

Factory Orders m/m

-0.4%

0.8%

8:00pm

USD

Crude Oil Inventories

1.3M

2.3M

5.3%

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TECHNICAL VIEW GOLD(OCT) Trend Strategy

• Consolidate • Buy on dips

SILVER(SEP SEP) Trend Strategy

• Consolidate • Buy on dips

Resistance

• R2 - 24150 • R1 - 23870

Resistance

• R2 - 61200 • R1 - 59550

support

• S1 - 23580 • S2 - 23250

support

• S1 - 58170 • S2 - 57300

COPPER(AUG)) Trend Strategy

• Consolidate • Buy on dips

CRUDE(AUG AUG) Trend Strategy

• Consolidate • Sell on high

Resistance

• R2 - 443 • R1 - 436

Resistance

• R2 - 4345 • R1 - 4260

support

• S1 - 427 • S2 - 419

support

• S1 - 4130 • S2 - 4050

NATURALGAS(AUG AUG) Trend Strategy

• Consolidate • Sell on high

LEAD(AUG AUG) Trend Strategy

• Consolidate • Sell on high

Resistance

•R2 - 201 •R1 - 193

Resistance

• R2 - 119.8 • R1 - 116.2

support

•S1 -181 •S2 -173

support

• S1 - 113.3 •S2 - 110.5

ZINC(AUG) Trend Strategy

• Consolidate • Buy on dips

NICKEL(AUG) Trend Strategy

• Consolidate • Buy on dips

Resistance

•R2 - 113.5 •R1 - 110.6

Resistance

•R2 - 1155 •R1 - 1113

support

•S1 - 106.7 •S2 - 104.5

support

•S1 - 1083 •S2 - 1055

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info@capitalheight.com PhonePhone (0731)4295950

ALUMINIUM(AUG AUG) Trend Strategy

• Consolidate • Buy on dips

Resistance

•R2 - 118.5 •R1 - 115.7

support

•S1 - 113.3 •S2 - 110.8

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