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Daily Newsletter Newsletter-Commodity 08/06/2011

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MARKET WRAP Oil slips on OPEC hike possibility trading near 98$ The dollar recovered against the euro Gold steady near one-month highs Copper steadied on Tuesday Silver recovered sharply late night Copper fell by nearly 1 percent on Wednesday in London, New York and Shanghai, with international markets reversing early gains as the dollar recovered from a one-month low hit after a bleak assessment of the U.S. economy by Fed officials. Gold prices were steady on Wednesday, supported by a weaker dollar after U.S. Federal Reserve Chairman Ben Bernanke acknowledged slowing economic growth momentum but gave no hint on further stimulus.

ECONOMIC CALENDAR Date

Time

Currency

Economic Data

Wed Jun 8

12:30am

USD

Consumer Credit m/m

1:15am

USD

Fed Chairman Bernanke Speaks

6:30am

USD

FOMC Member Dudley Speaks

All Day

ALL

OPEC Meetings

8:00pm

USD

Crude Oil Inventories

11:30pm

USD

Beige Book

Forecast Previous 5.2B

4.8B

-1.4M

2.9M

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TECHNICAL VIEW GOLD(AUG) Trend Strategy

• Consolidate • Buy on dips

SILVER(JULY JULY) Trend Strategy

• Consolidate • Buy on dips

Resistance

• R2 -23080 • R1 -22790

Resistance

• R2 - 57600 • R1 - 56250

support

• S1 - 22510 • S2 - 22250

support

• S1 - 54750 • S2 - 53500

COPPER(JUNE) Trend Strategy

• Consolidate • Buy on dips

CRUDE(JUNE)) Trend Strategy

• Consolidate • Buy on dips

Resistance

• R2 - 425 • R1 - 416

Resistance

• R2 - 4570 • R1 - 4480

support

• S1 - 403 • S2 - 395

support

• S1 - 4340 • S2 - 4250

NATURALGAS(JUNE) Trend Strategy

• Consolidate • Buy on dips

LEAD(JUNE) Trend Strategy

• Consolidate • Buy on dips

Resistance

•R2 - 225 •R1 - 219

Resistance

• R2 - 118.5 • R1 - 115.8

support

•S1 - 207 •S2 - 198

support

• S1 - 112.5 •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 - 123.5 •R1 - 120.9

support

•S1 - 117.7 •S2 - 113.5

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