Issuu on Google+

Weekly Newsletter Newsletter-Commodity Commodity 20/06/2011

www.capitalheight.com


info@capitalheight.com Phone- (0731)4295950

Weekly Newsletter Contents Market Wrap Technical Analysis Gold ( Comex) Silver ( Comex) Crude ( Nymex) Naturalgas ( Nymex) Copper (Mcx) USD/INR

www.capitalheight.com Capitalheight.wordpress.com


info@capitalheight.com Phone- (0731)4295950

MARKET WRAP Silver ends down but recover sharply on Friday Oil drops, biggest weekly slide since May Gold posts biggest one-day gain in 3 weeks Copper ends up despite dim economic prospects U.S. consumer sentiment worsened this month

Gold accelerated gains after mixed U.S data point to a wobbly economic recovery. U.S. consumer sentiment worsened more than forecast in June on continued economic pessimism, but a key measure of future U.S. economic activity rose more than expected in May to a record high. Gold added $8 to end the week at $1538.61. Silver ended flat and recovered more than 2% due to technical support to end the week at $385.82.

Copper ended on positive bias and ended the week up at $409.85 though weak global economic sentiments are mounting on base metals. A softer dollar against a basket of currencies lent support to base metals prices. Copper ended up as reports of increasing physical premiums, a decline in copper inventories on the LME was indicating a pickup in demand. Copper inventories fell by more than 5 % to 470,825 tonnes from last week

Crude oil ended down more than 5% posting its biggest weekly drop since May. Crude oil lost nearly $5 to end the week down at $93.31. Crude slumped to 4 month low $93 as a dimmer economic outlook and the European debt crisis. Crude now has a support of its long standing trendline drawn from Feb 2008 which is around $90, which if broken then can further see a sell-off. EIA crude inventories came at (–) 3.4m vs. (-) 0.9m w/w.

www.capitalheight.com Capitalheight.wordpress.com


info@capitalheight.com Phone- (0731)4295950

TECHNICAL VIEW GOLD WEEKLY PIVOT SCRIPT GOLD

R4 1625

R3 1593

R2 1562

R1 1551

P 1531

S1 1520

S2 1499

S3 1468

S4 1437

OUTLOOK Trend:- Consolidate Resistance:- 1548 48,1576$ Support:- 1515,14478$ Strategy:- Buy on dips GOLD WEEKLY

www.capitalheight.com Capitalheight.wordpress.com


info@capitalheight.com Phone- (0731)4295950

SILVER WEEKLY PIVOT SCRIPT SILVER

R4 41.18

R3 39.29

R2 37.40

R1 36.62

P 35.51

S1 34.73

S2 33.62

S3 31.73

S4 29.84

OUTLOOK Trend:- Consolidate Resistance:- 37.85, 37.85,39.45$ Support:- 35.15,32 32.85$ Strategy:- Buy on dips SILVER WEEKLY

www.capitalheight.com Capitalheight.wordpress.com


info@capitalheight.com Phone- (0731)4295950

CRUDE WEEKLY PIVOT SCRIPT CRUDE

R4 119.2

R3 111.1

R2 103.0

R1 98.0

P 94.9

S1 89.9

S2 86.8

S3 78.7

S4 70.7

OUTLOOK Trend:- Consolidate Resistance:- 95.2,98.7 95.2,98.7$ Support:- 91.5,87.2 91.5,87.2$ Strategy:- Sell on high CRUDE WEEKLY

www.capitalheight.com Capitalheight.wordpress.com


info@capitalheight.com Phone- (0731)4295950

NATURALGAS WEEKLY PIVOT SCRIPT NG

R4 5.95

R3 5.46

R2 4.97

R1 4.65

P 4.48

S1 4.16

S2 3.99

S3 3.50

S4 3.01

OUTLOOK Trend:- Consolidate Resistance:- 4.540, 4.540,4.950$ Support:- 4.110,3.720 3.720$ Strategy:- Sell on high NATURALGAS WEEKLY

www.capitalheight.com Capitalheight.wordpress.com


info@capitalheight.com Phone- (0731)4295950

COPPER WEEKLY PIVOT SCRIPT COPPER

R4 448.2

R3 434.2

R2 420.1

R1 413.3

P 406.1

S1 399.2

S2 392.0

S3 378.0

S4 363.9

OUTLOOK Trend:- Consolidate Resistance:- 413,4 ,422 Support:- 398,387 98,387 Strategy:- Sell on high COPPER WEEKLY

www.capitalheight.com Capitalheight.wordpress.com


info@capitalheight.com Phone- (0731)4295950

USD/INR WEEKLY PIVOT SCRIPT INR

R4 45.94

R3 45.55

R2 45.16

R1 44.98

P 44.77

S1 44.59

S2 44.38

S3 43.99

S4 43.60

OUTLOOK Trend:- Consolidate Resistance:- 45.300,45.85 Support:- 44.15,443.40 Strategy:- Buy on dips USD/INR WEEKLY

www.capitalheight.com Capitalheight.wordpress.com


info@capitalheight.com Phone- (0731)4295950

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 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 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 not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations of MCX and NCDEX. The stock 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 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 Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.

www.capitalheight.com Capitalheight.wordpress.com


WEEKLY MCX Tips by www.capitalheight.com/freetrial.php