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Daily Newsletter Newsletter-Commodity 09/06/2011

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MARKET WRAP Gold fell on Wednesday ECB meeting expected to flag rate rise in July LME copper prices fell 2 percent on Wednesday dollar was up against a basket of currencies Crude oil trading above 101$ Gold fell on Wednesday after Federal Reserve Chairman Ben Bernanke offered no hints of further U.S. monetary easing in a speech a day earlier, taking some pressure off the dollar. The dollar was up around a third of a percent against a basket of six other major currencies early on Wednesday and by nearly half a percent versus the euro. LME copper prices fell 2 percent on Wednesday after Federal Reserve's Bernanke bleak assessment of the U.S. economy depressed market sentiment.

ECONOMIC CALENDAR Date

Time

Currency

Economic Data

Thu Jun 9

6:00pm

USD

Trade Balance

6:00pm

USD

7:30pm

Forecast Previous -48.6B

-48.2B

Unemployment Claims

424K

422K

USD

Wholesale Inventories m/m

1.0%

1.1%

8:00pm

USD

Natural Gas Storage

77B

83B

9:00pm

USD

FOMC Member Yellen Speaks

11:30pm

USD

FOMC Member Plosser Speaks

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info@capitalheight.com PhonePhone (0731)4295950

TECHNICAL VIEW GOLD(AUG) Trend Strategy

• Consolidate • Buy on dips

SILVER(JULY JULY) Trend Strategy

• Consolidate • Buy on dips

Resistance

• R2 -22880 • R1 -22690

Resistance

• R2 - 56800 • R1 - 55650

support

• S1 - 22410 • S2 - 22150

support

• S1 - 53650 • S2 - 52500

COPPER(JUNE) Trend Strategy

• Consolidate • Buy on dips

CRUDE(JUNE)) Trend Strategy

• Consolidate • Buy on dips

Resistance

• R2 - 425 • R1 - 416

Resistance

• R2 - 4650 • R1 - 4580

support

• S1 - 402 • S2 - 393

support

• S1 - 4460 • S2 - 4380

NATURALGAS(JUNE) Trend Strategy

• Consolidate • Buy on dips

LEAD(JUNE) Trend Strategy

• Consolidate • Buy on dips

Resistance

•R2 - 225 •R1 - 219

Resistance

• R2 - 119.5 • R1 - 116.8

support

•S1 - 207 •S2 - 198

support

• S1 - 113.5 •S2 - 109.8

ZINC(JUNE) Trend Strategy

• Consolidate • Buy on dips

NICKEL(JUNE JUNE) Trend Strategy

• Consolidate • Sell on high

Resistance

•R2 - 106.5 •R1 - 103.4

Resistance

•R2 - 1072 •R1 - 1047

support

•S1 - 99.7 •S2 - 97.5

support

•S1 - 1014 •S2 - 983

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info@capitalheight.com PhonePhone (0731)4295950

ALUMINIUM(JUNE) Trend Strategy

• Consolidate • Buy on dips

Resistance

•R2 - 122.5 •R1 - 119.9

support

•S1 - 117.7 •S2 - 113.5

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