mcx tips | ncdex tips | free stock tips | intraday tips
Post on 22-Feb-2016
222 Views
Preview:
DESCRIPTION
TRANSCRIPT
Weekly Newsletter29/11/2010
Weekly Newsletter-Commodity
www.capitalheight.com
Commodity
www.capitalheight.com
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 (Comex)
USD/INR
www.capitalheight.com
info@capitalheight.com
Phone- (0731)4295950
MARKET WRAP
Gold ended up snapping 2 weeks sell off
Thin volume trading concerns commodities
Copper drops further amid China’s demand worry
U.S crude oil limits losses ending up 1.7%
Dollar hits two-month high against Euro
Gold ended up marginally but remained cautious tracking global economic instability.
Gold gained $5 to end the week at $1363.48 and touched weekly high of $1382.
The cautiousness in gold was due to recent recovery in dollar as it hit fresh two-month
high against Euro & China’s anti-inflation rate hikes. Though, Gold recovered some
losses due to modest buying amid investors rising concerns over Euro zone credit
worries and Irish debt crisis that may engulf other Euro zone. The momentum in gold is
now due to currency fluctuations as buyers bid for it as a safe haven amid economic
instability while liquidation is due to continuous rising dollar. World’s largest gold backed
ETF, New York’s SPDR gold trust reported a drop down in its holdings to 1,285.084
tonnes vs. 1,289.36 tonnes.
Copper ended down for third consecutive week amid thin trading as the euro zone debt
crisis boosted the dollar and fear of another interest rate hikes in China stoked worries
about demand from the world's top metals buyer as another rate hike will dampen the
base metals further pushing their demands lower. Copper opened the week at $385.3
and shredded almost $13 to end the week at $373.8. It took a crucial support of $365.35
while its RSI is at 58.63. The three month copper at London metal exchange closed
down at $8239 a tonne vs. $8340 and ran into its third consecutive weekly loss. Further
trigger for copper will be the crucial Euro zone debt crisis and China’s monetary action.
TECHNICAL
WEEKLY PIVOT
SCRIPT R4 R3 R2
GOLD 1466 1432 1398
OUTLOOK
Trend:- Consolidate
Resistance:- $1377
Support:- $1339,131
Strategy:- Buy on dips
ECHNICAL VIEW GOLD
R2 R1 P S1 S2
1398 1381 1364 1347 1330
Consolidate
77,1401
1317
Buy on dips
GOLD WEEKLY
www.capitalheight.com
info@capitalheight.com
Phone- (0731)4295950
S3 S4
1296 1262
www.capitalheight.com
info@capitalheight.com
Phone- (0731)4295950
SILVER
WEEKLY PIVOT
SCRIPT R4 R3 R2 R1 P S1 S2 S3 S4
SILVER 31.49 29.99 28.49 27.59 26.99 26.09 25.49 23.99 22.49
OUTLOOK
Trend:- Consolidate
Resistance:- $27.85,29.34
Support:- $25.85,24.95
Strategy:- Buy on dips
SILVER WEEKLY
www.capitalheight.com
info@capitalheight.com
Phone- (0731)4295950
CRUDE
WEEKLY PIVOT
SCRIPT R4 R3 R2 R1 P S1 S2 S3 S4
CRUDE 95.6 91.4 87.1 85.4 82.7 81.2 78.6 74.3 70.1
OUTLOOK
Trend:- Consolidate
Resistance:- $87.22,90.40
Support:- $79.70,75.86
Strategy:- Sell on highs
CRUDE WEEKLY
www.capitalheight.com
info@capitalheight.com
Phone- (0731)4295950
NATURALGAS
WEEKLY PIVOT
SCRIPT R4 R3 R2 R1 P S1 S2 S3 S4
NG 5.50 5.11 4.73 4.56 4.34 4.17 3.95 3.56 3.17
OUTLOOK
Trend:- Bullish
Resistance:- $4.500,4.715
Support:- $4.164,3.848
Strategy:- Buy on dips
NATURALGAS WEEKLY
www.capitalheight.com
info@capitalheight.com
Phone- (0731)4295950
COPPER
WEEKLY PIVOT
SCRIPT R4 R3 R2 R1 P S1 S2 S3 S4
COPPER 439.6 418.2 396.8 385.3 375.4 363.9 354.1 332.6 311.2
OUTLOOK
Trend:- Consolidate
Resistance:- $388,398
Support:- $365,356
Strategy:- Sell on highs
COPPER WEEKLY
WEEKLY PIVOT
SCRIPT R4 R3 R2
INR 48.10 47.26 46.42
OUTLOOK
Trend:- Bullish
Resistance:- `46.45
Support:- `45.12,
Strategy:- Buy on dips
USD/INR
R2 R1 P S1 S2
46.42 46.12 45.58 45.28 44.74
6.45,47.41
,44.06
Buy on dips
USD/INR WEEKLY
www.capitalheight.com
info@capitalheight.com
Phone- (0731)4295950
S3 S4
43.90 43.06
www.capitalheight.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.
top related