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Daily Newsletter06/10/2010
Daily Newsletter-Commodity
www.capitalheight.com
www.capitalheight.com
www.capitalheight.com
Phone- (0731)4295950
MARKET WRAP
Gold rallied to record highs above $1,335
Euro jumps against dollar
Oil rises after Japan cuts rates
Nickel, zinc, lead rally to new multi-month highs
Copper hits new 26-month top
Gold rallied to record highs above $1,335 an ounce in Europe on Tuesday as the dollar
slipped sharply against the euro, with recent volatility in the currency markets boosting
demand for the metal as a safe store of value. Oil prices rose on Tuesday, building on a
week of gains after Japan unexpectedly lowered interest rates, raising expectations of
further boosts for other major economies. Copper hit new 26-month peaks on Tuesday,
as the euro jumped versus the dollar and after Japan unexpectedly lowered interest
rates.
ECONOMIC CALENDAR
Date Time Currency Economic Data Forecast Previous
Wed Oct 6
2:30pm EUR Final GDP q/q 1.0% 1.0%
3:30pm EUR German Factory Orders m/m 0.9% -2.2%
5:00pm USD Challenger Job Cuts y/y -54.5%
5:45pm USD ADP Non-Farm Employment Change
23K -10K
6:30pm USD Treasury Sec Geithner Speaks
8:00pm USD Crude Oil Inventories 0.5M -0.5M
TECHNICAL
GOLD(DEC)
COPPER(NOV)
NATURALGAS(OCT)
ZINC(OCT)
• Bullish
• Buy on dips
Trend
Strategy• R2 -19750
• R1 -19570Resistance
• S1 -19370
• S2 -19150support
• Bullish
• Buy on dips
Trend
Strategy
• R2 - 377
• R1 - 369Resistance
• S1 - 361
• S2 - 353support
• Consolidate
• Sell on high
Trend
Strategy
•R2 - 181
•R1 - 174Resistance
•S1 - 165
•S2 - 157support
• Consolidate
• Buy on dips
Trend
Strategy
•R2 - 104.8
•R1 - 102.5Resistance
•S1 - 100.3
•S2 - 97.8support
ECHNICAL VIEW
SILVER(DEC
CRUDE(OCT)
LEAD(OCT)
NICKEL(OCT
• Bullish
• Buy on dips
Trend
Strategy
• R2 - 35100
• R1 - 34250Resistance
• S1 - 33550
• S2 - 32880support
• Consolidate
• Buy on dips
Trend
Strategy• R2 - 3790
• R1 - 3710Resistance
• S1 - 3620
• S2 - 3530support
• Consolidate
• Buy on dips
Trend
Strategy• R2 - 106.3
• R1 - 103.5Resistance
• S1 - 100.5
•S2 - 97.8support
• Bullish
• Buy on dips
Trend
Strategy
•R2 - 1135
•R1 - 1113Resistance
•S1 - 1075
•S2 - 1048support
www.capitalheight.com
Phone- (0731)4295950
DEC)
)
)
NICKEL(OCT)
Buy on dips
35100
34250
33550
32880
Consolidate
Buy on dips
3790
3710
3620
3530
Consolidate
Buy on dips
106.3
103.5
100.5
97.8
Buy on dips
1135
1113
1075
1048
ALUMINIUM(OCT)
Disclaimer
The information and views in this report, our website & all the service
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 invest
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
provide individually tailor-made investment advice. Capitalheight recommends that investors independently evaluate
particular investments and strategies, and encourages investors to seek th
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
together with all estimates and forecasts, can change without notice. Analyst or any person related to
holding positions in the stocks recommended. It is un
his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyon
can be held responsible for . Any surfing and reading of
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
• Buy on dips
Trend
Strategy
•R2 - 107.8
•R1 - 105.7Resistance
•S1 - 103.5
•S2 - 100.7support
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
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 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 Capitalheight
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 anyon
can be held responsible for . 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
atsoever 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
one 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
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
ment perspective. The information contained herein is based on
only factor, while making investment decision. The report does not
made investment advice. Capitalheight recommends that investors independently evaluate
e 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
necessarily indicative of future price performance. The information herein,
Capitalheight might be
derstood 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
the information is the acceptance of this disclaimer.
we are not responsible for any loss incurred
Capitalheight does not
Our Clients (Paid Or Unpaid), Any third party or
one else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone
