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Daily Newsletter Newsletter-Commodity 11/05/2011

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MARKET WRAP Oil rose on Tuesday trading near 103$ Gold steadies as dollar recovers SPDR Gold Trust holdings decline to one-year low The euro fell against the dollar China copper imports fall 13.7 pct in April Copper climbed on Tuesday

Oil rose on Tuesday, supported by concerns U.S. flooding could hit refinery operations, squeezing gasoline supplies ahead of summer driving season. Gold prices were little changed above $1,510 an ounce on Tuesday, retreating from earlier highs after the euro edged lower amid conflicting reports on a potential new aid deal for Greece. Copper climbed on Tuesday, as robust China trade figures burnished demand expectations for the metal used in power and construction offsetting news that headline imports in April fell.

ECONOMIC CALENDAR Date

Time

Currency

Economic Data

Forecast Previous

Wed 11:30am May 11 11:30am

EUR

German Final CPI m/m

0.2%

0.2%

EUR

German WPI m/m

1.1%

1.3%

6:00pm

USD

Trade Balance

-46.8B

-45.8B

8:00pm

USD

Crude Oil Inventories

1.1M

3.4M

10:30pm

USD

11:30pm

USD

FOMC Member Kocherlakota Speaks Federal Budget Balance

-188.2B

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TECHNICAL VIEW GOLD(JUNE) Trend Strategy

• Consolidate • Buy on dips

SILVER(JULY JULY) Trend Strategy

• Consolidate • Buy on dips

Resistance

• R2 -22550 • R1 -22280

Resistance

• R2 - 61500 • R1 - 59850

support

• S1 -21980 • S2 -21650

support

• S1 - 57350 • S2 - 55500

COPPER(JUNE) Trend Strategy

• Consolidate • Sell on high

CRUDE(MAY MAY) Trend Strategy

• Consolidate • Buy on dips

Resistance

• R2 - 416 • R1 - 407

Resistance

• R2 - 4750 • R1 - 4665

support

• S1 - 393 • S2 - 384

support

• S1 - 4565 • S2 - 4480

NATURALGAS(MAY)) Trend Strategy

• Consolidate • Sell on high

LEAD(MAY MAY) Trend Strategy

• Bearish • Sell on high

Resistance

•R2 - 206 •R1 - 197

Resistance

• R2 - 109.5 • R1 - 106.3

support

•S1 - 183 •S2 - 175

support

• S1 - 103.8 •S2 - 99.5

ZINC(MAY) Trend Strategy

• Bearish • Sell on high

NICKEL(MAY MAY) Trend Strategy

• Consolidate • Sell on high

Resistance

•R2 - 99.5 •R1 - 97.9

Resistance

•R2 - 1164 •R1 - 1125

support

•S1 - 94.5 •S2 - 91.8

support

•S1 - 1093 •S2 - 1058

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ALUMINIUM(MAY) Trend Strategy

• Consolidate • Sell on high

Resistance

•R2 - 121.5 •R1 - 119.4

support

•S1 - 117.2 •S2 - 114.5

Disclaimer The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources rces that we consider reliable. This material is for personal information and based upon it & takes no responsibility The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made made investment advice. Capitalheight recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Capitalheight shall shal not be responsible for any transaction ction conducted based on the information given in this report, which is in violation of rules and regulations of MCX and NCDEX. The metals price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to Capitalheight might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer. All Rights Reserved. Investment in Commodity and equity market has its own risks. We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any loss incurred whatsoever for any financial profits or loss which may arise from the recommend recommendations above. Capitalheight does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Informat Information ion Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.

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