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Daily Newsletter08/10/2010

Daily Newsletter-Commodity

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MARKET WRAP

Gold turns lower after hitting record high

Oil slips after hitting 5-month high above $84

Base metals tumbled on Thursday

Copper tumbled on Thursday

Gold slid below $1,340 an ounce in its most volatile trading day in two months on

Thursday, having earlier hit a record high on investor expectations for the Federal

Reserve to support flagging U.S. growth. Oil slipped from a five-month high above $84 a

barrel on Thursday on concerns that a rally driven by a weakening dollar had run ahead

of the market's fundamentals of supply and demand. Copper tumbled on Thursday as

the dollar recovered against the euro in a move that coincided with a World Bank

warning currency tensions could lead to trouble.

ECONOMIC CALENDAR

Date Time Currency Economic Data Forecast Previous

Fri Oct 8

12:30am USD Consumer Credit m/m -2.9B -3.6B

11:30am EUR German Trade Balance 12.3B 12.7B

12:15pm EUR French Gov Budget Balance -93.1B

6:00pm USD Non-Farm Employment Change 1K -54K

6:00pm USD Unemployment Rate 9.7% 9.6%

6:00pm USD Average Hourly Earnings m/m 0.2% 0.3%

7:30pm USD Wholesale Inventories m/m 0.6% 1.3%

Day 1 ALL IMF Meetings

TECHNICAL

GOLD(DEC)

COPPER(NOV)

NATURALGAS(OCT)

ZINC(OCT)

• Bullish

• Buy on dips

Trend

Strategy• R2 -19870

• R1 -19620Resistance

• S1 -19370

• S2 -19150support

• Bullish

• Buy on dips

Trend

Strategy

• R2 - 375

• R1 - 367Resistance

• S1 - 360

• S2 - 353support

• Consolidate

• Sell on high

Trend

Strategy

•R2 - 181

•R1 - 174Resistance

•S1 - 165

•S2 - 157support

• Consolidate

• Sell on higher

Trend

Strategy

•R2 - 104.2

•R1 - 101.7Resistance

•S1 - 98.5

•S2 - 95.8support

ECHNICAL VIEW

SILVER(DEC

CRUDE(OCT)

LEAD(OCT)

NICKEL(OCT

• Bullish

• Buy on dips

Trend

Strategy

• R2 - 35300


• S1 - 33550

• S2 - 32880support

• Consolidate

• Buy on dips

Trend

Strategy• R2 - 3740


• S1 - 3610

• S2 - 3530support

• Consolidate

• Sell on higher

Trend

Strategy• R2 - 102.9

• R1 - 100.5Resistance

• S1 - 97.8

•S2 - 94.7support

• Bullish

• Buy on dips

Trend

Strategy

•R2 - 1120

•R1 - 1089Resistance

•S1 - 1055

•S2 - 1021support


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Phone- (0731)4295950

DEC)

)

)

NICKEL(OCT)

Buy on dips

35300

34550

33550

32880

Consolidate

Buy on dips

3740

3680

3610

3530

Consolidate

Sell on higher

102.9

100.5

97.8

94.7

Buy on dips

1120

1089

1055

1021

ALUMINIUM(OCT)

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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 opinion. Users have the right to choose the product/s that sui

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

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 shal

not be responsible for any transaction conducted based on the information given in this report, which is in violation of rule

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 own

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

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

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

• Consolidate

• Buy on dips

Trend

Strategy

•R2 - 107.8

•R1 - 105.1Resistance

•S1 - 102.6

•S2 - 100.7support

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


analysis and up on sources that we consider reliable.

This material is for personal information and based upon it & takes no responsibility


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 shal

not be responsible for any transaction conducted based on the information given in this report, which is in violation of rule

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 Ca


his free will and does not read any views expressed as a recommendation for which either the site or its own


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


which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.


[email protected]

Phone- (0731)4295950

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



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

price projections shown are not necessarily indicative of future price performance. The information herein,

Capitalheight might be


his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone


we are not responsible for any loss incurred

Capitalheight does not

Our Clients (Paid Or Unpaid), Any third party or


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