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Daily Newsletter17/06/2011
Daily Newsletter-Commodity
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MARKET WRAP
Gold held steady in choppy trading on Thursday
The euro itself tumbled on Thursday
Copper recovers sharply from lower level
China's aluminium production hit a record high in May
Oil edged up over $1 on Thursday
Gold held steady in choppy trading on Thursday, guided by the fluctuations of the U.S.
dollar, which profited from the tumble in the euro on the back of the Greek debt crisis. The
U.S. Labor Department said initial weekly jobless claims fell in the latest week, although
not by enough to lower the unemployment rate. Copper prices slid on Thursday as fears
over weak growth in the United States and risk of default in Greece hit investor sentiment.
U.S. crude was up 22 cents to $95.03 a barrel at the same time after getting down to
$94.29.
ECONOMIC CALENDAR
Date Time Currency Economic Data Forecast Previous
Fri Jun 17
5:30am EUR ECB President Trichet Speaks
1:30pm EUR Italian Trade Balance -2.14B -3.94B
2:30pm EUR Trade Balance -2.0B -0.9B
7:25pm USD Prelim UoM Consumer Sentiment 74.2 74.3
7:25pm USD Prelim UoM Inflation Expectations 4.1%
7:30pm USD CB Leading Index m/m 0.3% -0.3%
TECHNICAL
GOLD(AUG)
COPPER(JUNE)
NATURALGAS(JUNE)
ZINC(JUNE)
• Consolidate
• Buy on dips
Trend
Strategy• R2 - 22780
• R1 - 22550Resistance
• S1 - 22280
• S2 - 21950support
• Consolidate
• Buy on dips
Trend
Strategy
• R2 - 421
• R1 - 414Resistance
• S1 - 403
• S2 - 395support
• Consolidate
• Sell on high
Trend
Strategy
•R2 - 215
•R1 - 207Resistance
•S1 - 195
•S2 - 189support
• Consolidate
• Sell on high
Trend
Strategy
•R2 - 102.8
•R1 - 100.5Resistance
•S1 - 97.8
•S2 - 95.5support
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Phone
ECHNICAL VIEW
SILVER(JULY
CRUDE(JUNE)
LEAD(JUNE)
NICKEL(JUNE
• Consolidate
• Buy on dips
Trend
Strategy
• R2 - 55200
• R1 - 53850Resistance
• S1 - 52250
• S2 - 50780support
• Consolidate
• Buy on dips
Trend
Strategy• R2 - 4410
• R1 - 4330Resistance
• S1 - 4220
• S2 - 4140support
• Consolidate
• Sell on high
Trend
Strategy• R2 - 116.5
• R1 - 113.8Resistance
• S1 - 111.0
•S2 - 108.8support
• Consolidate
• Sell on high
Trend
Strategy
•R2 - 1035
•R1 - 1008Resistance
•S1 - 973
•S2 - 945support
www.capitalheight.com
info@capitalheight.com
Phone- (0731)4295950
JULY)
)
JUNE)
Consolidate
Buy on dips
55200
53850
52250
50780
Consolidate
Buy on dips
4410
4330
Consolidate
Sell on high
116.5
113.8
111.0
108.8
Consolidate
Sell on high
ALUMINIUM(JUNE)
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.
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.
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 info
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
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 expresse
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 h
We, however, do not vouch for the accuracy or the completeness thereof.
whatsoever for any financial profits or loss which may arise from the recommendations above.
purport to be an invitation or an offer to buy or sell any financial instrument.
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.
• Consolidate
• Sell on high
Trend
Strategy
•R2 - 118.8
•R1 - 116.5Resistance
•S1 - 113.1
•S2 - 110.5support
info@capitalheight.com
Phone
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
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.
rial 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
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
price projections shown are not necessarily indicative of future price performance. The information herein,
can change without notice. Analyst or any person related to Capitalheight
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.
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
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
info@capitalheight.com
Phone- (0731)4295950
The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not
Users have the right to choose the product/s that suits them
Sincere efforts have been made to present the right investment perspective. The information contained herein is based on
The information given herein should be treated as only factor, while making investment decision. The report does not provide
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
rmation given in this report, which is in violation of rules and
price projections shown are not necessarily indicative of future price performance. The information herein,
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
d as a recommendation for which either the site or its owners or anyone can
we are not responsible for any loss incurred
Capitalheight does not
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
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