Commodity news letter daily by capital height 30 08-10

4
Daily Newsle 30/08/2010 etter-Commodity www.capita alheight.com

Transcript of Commodity news letter daily by capital height 30 08-10

Page 1: Commodity news letter daily by capital height 30 08-10

Daily Newsletter30/08/2010

Newsletter-Commodity

www.capitalheight.com

www.capitalheight.com

Page 2: Commodity news letter daily by capital height 30 08-10

www.capitalheight.com

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Phone- (0731)4295950

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

Page 3: Commodity news letter daily by capital height 30 08-10

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

www.capitalheight.com

[email protected]

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

Page 4: Commodity news letter daily by capital height 30 08-10

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

[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

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