daily commodity report
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Daily Newsletter18/07/2011
Daily Newsletter-Commodity
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MARKET WRAP
Gold makes a new all time high of $1594.29
Silver rose nearly $1 to end at $39.23 on Friday
Copper rebounds as Dollar strengthened
Shanghai copper warehouse stocks rose 22.2%
Oil prices advanced on lower Canadian supply
The dollar index strengthened as the euro fell across the board
Bullions ended up on Friday as European banks stress came disappointing while U.S
consumer sentiment added fuel in precious metals. Gold set a new record high of
$1594.29 and ended on a strong note at $1593.34. Gains in crude oil, a plunge in U.S.
consumer confidence and concerns about euro zone debt contagion also helped the
metal to gain. Silver gained 2.2 percent to $39.23 an ounce, near a two-month high of
$39.36 set on Thursday.
.
ECONOMIC CALENDAR
Date Time Currency Economic Data Forecast Previous
Mon July 18
6:00pm CAD Foreign Securities Purchases 7.41B 8.22B
6:00pm CAD New Motor Vehicle Sales m/m 0.50% -1.10%
6:30pm USD TIC Long-Term Purchases 48.4B 30.6B
7:30pm USD NAHB Housing Market Index 15 13
TECHNICAL
GOLD(AUG)
COPPER(JUNE)
NATURALGAS(JUNE)
ZINC(JUNE)
• Bullish
• Buy on dips
Trend
Strategy• R2 -23320
• R1 -22570Resistance
• S1 - 22780
• S2 - 22430support
• Consolidate
• Buy on dips
Trend
Strategy
• R2 - 455
• R1 - 442Resistance
• S1 - 427
• S2 - 416support
• Consolidate
• Buy on dips
Trend
Strategy
•R2 - 215
•R1 - 208Resistance
•S1 - 198
•S2 - 190support
• Consolidate
• Buy on dips
Trend
Strategy
•R2 - 111.9
•R1 - 108.8Resistance
•S1 - 102.5
•S2 - 99.2support
Phone
ECHNICAL VIEW
SILVER(JULY
CRUDE(JUNE)
LEAD(JUNE)
NICKEL(JUNE
• Consolidate
• Buy on dips
Trend
Strategy
• R2 - 62200
• R1 - 59950Resistance
• S1 - 56000
• S2 - 54630support
• Consolidate
• Buy on dips
Trend
Strategy• R2 - 4500
• R1 - 4415Resistance
• S1 - 4270
• S2 - 4210support
• Consolidate
• Buy on dips
Trend
Strategy• R2 - 127
• R1 - 123.5Resistance
• S1 - 117.5
•S2 - 114.5support
• Consolidate
• Sell on high
Trend
Strategy
•R2 - 1150
•R1 - 1120Resistance
•S1 - 1045
•S2 - 1005support
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Phone- (0731)4295950
JULY)
)
JUNE)
Consolidate
Buy on dips
62200
59950
56000
54630
Consolidate
Buy on dips
4500
4415
Consolidate
Buy on dips
123.5
117.5
114.5
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
accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that sui
the most.
Sincere efforts have been made to present the right investment perspective. The informati
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 invest
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.
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 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 expressed as a recommendation for which either the site or its owners or anyone c
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.
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 - 115
•R1 - 113.3Resistance
•S1 - 107.5
•S2 - 105.5support
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 sui
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. 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,
together with all estimates and forecasts, can change without notice. Analyst or any person related to Capitalheight
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 c
or . 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
Phone- (0731)4295950
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
on contained herein is based on
ment decision. The report does not provide
made investment advice. Capitalheight recommends that investors independently evaluate particular
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,
Capitalheight might be
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
onsible for any loss incurred
Capitalheight does not
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