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Weekly New 13/09/2010 wsletter-Commodit www.capita ty alheight.com

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Weekly commodity news letter by capital height 13 09-10http://www.capitalheight.com9993066624

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Page 1: Financial Advisory Company | NSE BSE Intraday Tips | MCX NCDEX Tips | Free Stock Tips

Weekly Newsletter13/09/2010

Weekly Newsletter-Commodity

www.capitalheight.com

Commodity

www.capitalheight.com

Page 2: Financial Advisory Company | NSE BSE Intraday Tips | MCX NCDEX Tips | Free Stock Tips

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Weekly Newsletter

Contents

Market Wrap

Technical Analysis

Gold ( Comex)

Silver ( Comex)

Crude ( Nymex)

Naturalgas ( Nymex)

Copper (Comex)

USD/INR

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MARKET WRAP

Dollar's sharp gains on yen pressured gold

Gold ends off, hit by firm dollar

Copper, aluminum stockpiles continue decline

Copper suffering its first weekly decline in four weeks

U.S. crude rose 3 percent to hit a four-week high above $76

Gold turned red after five consecutive weekly gains owing to better US economic data

and rising global equity markets. Gold has made a double top and resisted at a new two

month high of $1262 and a weekly low of $ 1237 to end at $ 1246. The shine of gold as

a safe haven became less in the later part of the week as it shred $ 11 on better than

expected US jobless claims data at 451K vs. 470K and lower US trade balance at

(-)42.88B. Gold consolidated this week as market waits for fresh momentum to climb

higher as it is in a tight range of $ 1260 - $ 1240. The world’s largest gold back ETF,

New York’s SDPR gold trust reported a drop in its holdings by 0.911 tonnes for second

consecutive weeks. Its now at 1,293.531 tonnes.

Copper settled at $ 340 ending the three consecutive weeks’ gains. Copper shred $ 8

after resisting at $351.88 and touched weekly low of $ 338. Base metals melt down

after as Chinese government clamps down on property speculation, shutters energy-

intensive factories and limits lending led by liquidation in Shanghai zinc where open

interest fell 10 percent. On an average, metals on LME slumped by 3 percent with rising

dollar against euro supported weak trend. The latest data of Chinese industrial

production came better than expected at 13.9% vs. 13.1% while its consumer prices

rose 3.5%. This economic data may support the falling copper in the coming week.

Page 4: Financial Advisory Company | NSE BSE Intraday Tips | MCX NCDEX Tips | Free Stock Tips

TECHNICAL

WEEKLY PIVOT

SCRIPT R4 R3 R2

GOLD 1325 1299 1274

OUTLOOK

Trend:- Bullish

Resistance:- 1264

Support:- 1225,1192

Strategy:- Buy on dips

ECHNICAL VIEW GOLD

R2 R1 P S1 S2

1274 1260 1248 1234 1222

64,1290$

,1192$

Buy on dips

GOLD WEEKLY

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S3 S4

1197 1171

Page 5: Financial Advisory Company | NSE BSE Intraday Tips | MCX NCDEX Tips | Free Stock Tips

WEEKLY PIVOT

SCRIPT R4 R3 R2

SILVER 21.59 21.01 20.43

OUTLOOK

Trend:- Bullish

Resistance:- 20.15

Support:- 19.45,18.90

Strategy:- Buy on dips

SILVER

R2 R1 P S1 S2

20.43 20.14 19.85 19.56 19.27

20.15,20.85$

18.90$

Buy on dips

SILVER WEEKLY

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S3 S4

18.69 18.11

Page 6: Financial Advisory Company | NSE BSE Intraday Tips | MCX NCDEX Tips | Free Stock Tips

WEEKLY PIVOT

SCRIPT R4 R3 R2

CRUDE 87.5 83.4 79.4

OUTLOOK

Trend:- Consolidate

Resistance:- 77.50,

Support:- 72.30,69.70

Strategy:- Buy on dips

CRUDE

R2 R1 P S1 S2

79.4 78.0 75.3 73.9 71.2

Consolidate

77.50,82.90$

69.70$

Buy on dips

CRUDE WEEKLY

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S3 S4

67.1 63.1

Page 7: Financial Advisory Company | NSE BSE Intraday Tips | MCX NCDEX Tips | Free Stock Tips

WEEKLY PIVOT

SCRIPT R4 R3 R2

NG 4.53 4.30 4.06

OUTLOOK

Trend:- Consolidate

Resistance:- 4.130

Support:- 3.680,2.970

Strategy:- Sell on high

NATURALGAS

R2 R1 P S1 S2

4.06 3.97 3.83 3.73 3.60

Consolidate

4.130,4.490$

2.970$

Sell on high

NATURALGAS WEEKLY

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S3 S4

3.36 3.13

Page 8: Financial Advisory Company | NSE BSE Intraday Tips | MCX NCDEX Tips | Free Stock Tips

WEEKLY PIVOT

SCRIPT R4 R3

COPPER 383.5 370.2 356.8

OUTLOOK

Trend:- Consolidate

Resistance:- 349,365

Support:- 337,323

Strategy:- Buy on dips

COPPER

R2 R1 P S1 S2

356.8 348.4 343.5 335.1 330.1

Consolidate

349,365

3

Buy on dips

COPPER WEEKLY

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S3 S4

316.7 303.4

Page 9: Financial Advisory Company | NSE BSE Intraday Tips | MCX NCDEX Tips | Free Stock Tips

WEEKLY PIVOT

SCRIPT R4 R3 R2

INR 48.61 47.89 47.17

OUTLOOK

Trend:- Consolidate

Resistance:- 47.15

Support:- 45.80,45.10

Strategy:- Sell on high

USD/INR

R2 R1 P S1 S2

47.17 46.71 46.45 45.99 45.73

Consolidate

5,48.10

,45.10

Sell on high

USD/INR WEEKLY

www.capitalheight.com

[email protected]

Phone- (0731)4295950

S3 S4

45.01 44.29

Page 10: Financial Advisory Company | NSE BSE Intraday Tips | MCX NCDEX Tips | Free Stock Tips

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analysis and up on sources that we consider reliable.

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provide individually tailor-made investment advice. Capitalheight recommends that investors independently evaluate

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