Daily Newsletter30/08/2010
Newsletter-Commodity
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MARKET WRAP
Oil rallies to around $73 on jobs data
Gold steadies after U.S. jobless claims fall
Copper rallies, US job data calm growth fears
LME copper stocks fell 1,175 tonnes to 401,250.
U.S. jobless claims fall
Gold trimmed gains on Friday after Federal Reserve chief Ben Bernanke said the Fed
was ready to act on growth if needed, but the metal posted a fourth straight week of
increase as recent weak economic data boosted its safe-haven appeal. U.S. oil prices
rose a third straight day on Friday, rallying with equities as investors shrugged off
revised lower second quarter growth data and cautionary remarks by the Federal
Reserve chief. Copper hit a one-week high on Friday as traders focused on assurances
from Federal Reserve chairman Ben Bernanke that steps will be taken to spur growth in
the world's largest economy.
ECONOMIC CALENDAR
Date Time Currency Economic Data Forecast Previous
Mon Aug 30
6:00pm USD Core PCE Price Index m/m 0.1% 0.0%
6:00pm USD Personal Spending m/m 0.4% 0.0%
6:00pm USD Personal Income m/m 0.3% 0.0%
11:00pm USD FOMC Member Bullard Speaks
TECHNICAL
GOLD(OCT)
COPPER(AUG)
NATURALGAS(SEP)
ZINC(AUG)
• Consolidate
• Buy on dips
Trend
Strategy• R2 -19250
• R1 -19020Resistance
• S1 -18810
• S2 -18630support
• Bullish
• Buy on dips
Trend
Strategy
• R2 - 361
• R1 - 353Resistance
• S1 - 346
• S2 - 337support
• Consolidate
• Sell on higher
Trend
Strategy
•R2 - 191
•R1 - 183Resistance
•S1 - 173
•S2 - 165support
• Consolidate
• Buy on dips
Trend
Strategy
•R2 - 100.8
•R1 - 98.5Resistance
•S1 - 96.3
•S2 - 93.4support
ECHNICAL VIEW
SILVER(SEP
CRUDE(SEP)
LEAD(AUG)
NICKEL(AUG
• Bullish
• Buy on dips
Trend
Strategy
• R2 - 31480
• R1 - 30650Resistance
• S1 - 30050
• S2 - 29280support
• Consolidate
• Sell on high
Trend
Strategy• R2 - 3650
• R1 - 3580Resistance
• S1 - 3480
• S2 - 3410support
• Consolidate
• Buy on dips
Trend
Strategy• R2 - 101.5
• R1 - 98.7Resistance
• S1 - 96.3
•S2 - 93.5support
• Consolidate
• Sell on high
Trend
Strategy
•R2 - 1055
•R1 - 1012Resistance
•S1 - 977
•S2 - 948support
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Phone- (0731)4295950
SEP)
)
)
NICKEL(AUG)
Buy on dips
31480
30650
30050
29280
Consolidate
Sell on high
3650
3580
3480
3410
Consolidate
Buy on dips
101.5
98.7
96.3
93.5
Consolidate
Sell on high
1055
1012
977
948
ALUMINIUM(AUG)
Disclaimer
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
• Sell on higher
Trend
Strategy
•R2 - 99.5
•R1 - 97.7Resistance
•S1 - 95.3
•S2 - 93.5support
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 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
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.
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
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
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
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
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 of this disclaimer.
we are not responsible for any loss incurred
Capitalheight does not
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