daily commodity report
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Daily Newsletter14/07/2011
Daily Newsletter-Commodity
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MARKET WRAP
Gold hit record highs on Wednesday
U.S. crude rallies to around $99
Copper rallies after Bernanke comments
Dollar falls after Bernanke comments
China's economy grew 9.5 percent in the second quarter
Silver moves above 38$
Gold hit record highs on Wednesday on safe-haven buying linked to the European debt
crisis and a dollar weakened by hints of more economic stimulus from the Federal
Reserve Chairman. U.S. crude oil rose 1.4 percent, its biggest gain in two weeks to
hover near $99 a barrel after a report from the Energy Information Administration
showed crude stockpiles falling more than the market expected last week.
ECONOMIC CALENDAR
Date Time Currency Economic Data Forecast Previous
Thu Jul 14
6:00pm USD Core Retail Sales m/m 0.1% 0.3%
6:00pm USD PPI m/m -0.2% 0.2%
6:00pm USD Retail Sales m/m -0.1% -0.2%
6:00pm USD Unemployment Claims 413K 418K
6:00pm USD Core PPI m/m 0.2% 0.2%
7:30pm USD Fed Chairman Bernanke Testifies
7:30pm USD Business Inventories m/m 0.7% 0.8%
8:00pm USD Natural Gas Storage
TECHNICAL
GOLD(AUG)
COPPER(AUG)
NATURALGAS(JULY
ZINC(JULY)
• Consolidate
• Buy on dips
Trend
Strategy• R2 - 23450
• R1 - 23120Resistance
• S1 - 22780
• S2 - 22570support
• Consolidate
• Buy on dips
Trend
Strategy
• R2 - 447
• R1 - 439Resistance
• S1 - 427
• S2 - 419support
• Consolidate
• Sell on high
Trend
Strategy
•R2 - 205
•R1 - 198Resistance
•S1 - 185
•S2 - 177support
• Consolidate
• Sell on high
Trend
Strategy
•R2 - 108.5
•R1 - 106.4Resistance
•S1 - 103.2
•S2 - 100.5support
Phone
ECHNICAL VIEW
SILVER(SEP
) CRUDE(JULY
JULY) LEAD(JULY
NICKEL(
Consolidate
Buy on dips
23450
23120
22780
22570
• Consolidate
• Buy on dips
Trend
Strategy
• R2
• R1 Resistance
• S1 -
• S2 -support
Consolidate
Buy on dips• Consolidate
• Buy on dips
Trend
Strategy• R2 -
• R1 -Resistance
• S1 -
• S2 -support
Consolidate
Sell on high
• Consolidate
• Buy on dips
Trend
Strategy• R2
• R1 Resistance
• S1
•S2 support
Consolidate
Sell on high
108.5
106.4
• Consolidate
• Buy on dips
Trend
Strategy
•R2 -
•R1 -Resistance
•S1 -
•S2 -support
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Phone- (0731)4295950
SEP)
JULY)
JULY)
JULY)
Consolidate
Buy on dips
R2 - 59300
R1 - 57850
- 55970
- 54700
Consolidate
Buy on dips
- 4540
- 4460
4350
4270
Consolidate
Buy on dips
R2 - 126.2
R1 - 123.5
- 120.2
- 116.5
Consolidate
Buy on dips
- 1125
- 1093
1049
1015
ALUMINIUM(JULY
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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
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.
evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser.
Capitalheight Research Pvt. Ltd. shall not be responsib
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
together with all estimates and forecasts, can change without notice. Analyst or any person related to
Research Pvt. Ltd. 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 o
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.
whatsoever for any financial profits or
Research Pvt. Ltd. does not purport to be an invitation or an offer to buy or sell any financial instrument.
Unpaid), Any third party or anyone else have no
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 - 114.8
•R1 - 112.3Resistance
•S1 - 109.5
•S2 - 106.8support
Phone
JULY)
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.
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
made investment advice. Money Capitalheight Research Pvt. Ltd. recommends that investors independently
evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser.
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.
price projections shown are not necessarily indicative of future price performance. The information
together with all estimates and forecasts, can change without notice. Analyst or any person related to
might be holding positions in the stocks recommended. It is understood that anyone who is browsing
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 o
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.
does not purport to be an invitation or an offer to buy or sell any financial instrument.
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
Consolidate
Sell on high
www.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
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
The information given herein should be treated as only factor, while making investment decision. The report does not provide
recommends that investors independently
evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Money
le for any transaction conducted based on the information given in this
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 Money Capitalheight
might be holding positions in the stocks recommended. It is understood that anyone who is browsing
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
we are not responsible for any loss incurred
loss which may arise from the recommendations above. Money Capitalheight
does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or
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