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Daily Newsletter01/12/2010

Daily Newsletter-Commodity

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MARKET WRAP

Gold hits 2-1/2 week high on euro zone jitters

The euro fell to its lowest in 11 weeks on Tuesday

U.S. oil falls towards $85 as dollar rises

Copper up on tight supplies

Gold rallied 1.4 percent to a 2-1/2 week peak on Tuesday and euro-priced bullion set a

fresh record high as concern over sovereign debt levels in the euro zone fuelled buying

of the metal as a safe store of value. Oil fell towards $85 on Tuesday as the dollar hit a

10-week high on concerns about Europe's debt crisis and on worries over demand in

China as it looks to brake energy demand growth and cool inflation. Copper rose on

Tuesday, supported by persistent concerns about supply tightness and as the euro

trimmed losses after U.S. data lifted risk sentiment.

ECONOMIC CALENDAR

Date Time Currency Economic Data Forecast Previous

Wed Dec 1

1:30am USD Fed Chairman Bernanke Speaks

6:45pm USD ADP Non-Farm Employment Change

70K 43K

7:00pm USD Revised Nonfarm Productivity q/q 2.4% 1.9%

7:00pm USD Revised Unit Labor Costs q/q -0.2% -0.1%

8:30pm USD ISM Manufacturing PMI 56.4 56.9

8:30pm USD Construction Spending m/m -0.3% 0.5%

8:30pm USD ISM Manufacturing Prices 70.9 71.0

9:00pm USD Crude Oil Inventories -0.8M 1.0M

TECHNICAL

GOLD(FEB)

COPPER(FEB)

NATURALGAS(DEC)

ZINC(DEC)

• Bullish

• Buy on dips

Trend

Strategy• R2 -21250

• R1 -20895Resistance

• S1 -20670

• S2 -20450support

• Consolidate

• Buy on dips

Trend

Strategy

• R2 - 402

• R1 - 393Resistance

• S1 - 382

• S2 - 375support

• Consolidate

• Sell on high

Trend

Strategy

•R2 - 207

•R1 - 198Resistance

•S1 - 189

•S2 - 181support

• Consolidate

• Sell on high

Trend

Strategy

•R2 - 100.5

•R1 - 98.8Resistance

•S1 - 96.3

•S2 - 93.8support

ECHNICAL VIEW

SILVER(MAR

CRUDE(DEC)

LEAD(DEC)

NICKEL(DEC

• Bullish

• Buy on dips

Trend

Strategy

• R2 - 44750


• S1 - 42850

• S2 - 41750support

• Consolidate

• Buy on dips

Trend

Strategy• R2 - 4030


• S1 - 3870

• S2 - 3810support

• Consolidate

• Buy on dips

Trend

Strategy• R2 - 106.5

• R1 - 103.7Resistance

• S1 - 100.3

•S2 - 97.5support

• Consolidate

• Sell on high

Trend

Strategy

•R2 - 1107

•R1 - 1070Resistance

•S1 - 1033

•S2 - 1005support


[email protected]

Phone- (0731)4295950

MAR)

)

)

NICKEL(DEC)

Buy on dips

44750

43850

42850

41750

Consolidate

Buy on dips

4030

3960

3870

3810

Consolidate

Buy on dips

106.5

103.7

100.3

97.5

Consolidate

Sell on high

1107

1070

1033

1005

ALUMINIUM(DEC)

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This material is for personal information and based upon

The information given herein should be treated as only factor, while making investment decision. The report does not

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

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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

• Consolidate

• Buy on dips

Trend

Strategy

•R2 - 107.5

•R1 - 105.2Resistance

•S1 - 103.5

•S2 - 100.7support


accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s tha


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

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

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


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


Investment in Commodity and equity market has its own risks.

curacy 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


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


its owners or anyone


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