daily commodity report
DESCRIPTION
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Daily Newsletter07/07/2011
Daily Newsletter-Commodity
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MARKET WRAP
Gold prices hit a two-week high on Wednesday
Dollar hits session highs versus currency basket
Copper falls on China rate rise
Copper stocks at LME warehouses fall
Oil slips on Europe debt worries
Gold prices hit a two-week high on Wednesday, extending the previous session's 1.3
percent rise, as a rate hike from China put inflation concerns back in the spotlight, and as
worries over euro zone and U.S. debt lifted the metal's haven appeal. Copper fell on
Wednesday after China raised interest rates and Moody's downgraded Portugal's credit
rating over the euro zone's debt problems, but supply disruptions at some of the world's
top copper mines are expected to keep a floor under prices.
ECONOMIC CALENDAR
Date Time Currency Economic Data Forecast Previous
Thu Jul 7
12:15pm EUR French Trade Balance -6.6B -7.1B
3:30pm EUR German Industrial Production m/m 0.7% -0.6%
5:15pm EUR Minimum Bid Rate 1.50% 1.25%
5:45pm USD ADP Non-Farm Employment Change 67K 38K
6:00pm EUR ECB Press Conference
6:00pm USD Unemployment Claims 421K 428K
8:00pm USD Natural Gas Storage 80B 78B
8:30pm USD Crude Oil Inventories -2.4M -4.4M
TECHNICAL
GOLD(AUG)
COPPER(AUG)
NATURALGAS(JULY
ZINC(JULY)
• Consolidate
• Buy on dips
Trend
Strategy• R2 - 22550
• R1 - 22280Resistance
• S1 - 21950
• S2 - 21670support
• Consolidate
• Buy on dips
Trend
Strategy
• R2 - 439
• R1 - 431Resistance
• S1 - 417
• S2 - 409support
• Consolidate
• Sell on high
Trend
Strategy
•R2 - 205
•R1 - 197Resistance
•S1 - 187
•S2 - 181support
• Consolidate
• Buy on dips
Trend
Strategy
•R2 - 110.5
•R1 - 107.3Resistance
•S1 - 104.9
•S2 - 101.3support
Phone
ECHNICAL VIEW
SILVER(SEP
) CRUDE(JULY
JULY) LEAD(JULY
NICKEL(
Consolidate
Buy on dips
22550
22280
21950
21670
• Consolidate
• Buy on dips
Trend
Strategy
• R2
• R1 Resistance
• S1 -
• S2 -support
Consolidate
Buy on dips• Consolidate
• Buy on dips
Trend
Strategy• R2 -
• R1 -Resistance
• S1 -
• S2 -support
Consolidate
Sell on high
• Consolidate
• Buy on dips
Trend
Strategy• R2
• R1 Resistance
• S1
•S2 support
Consolidate
Buy on dips
110.5
107.3
• Consolidate
• Sell on high
Trend
Strategy
•R2 -
•R1 -Resistance
•S1 -
•S2 -support
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Phone- (0731)4295950
SEP)
JULY)
JULY)
JULY)
Consolidate
Buy on dips
R2 - 55800
R1 - 54750
- 53180
- 52300
Consolidate
Buy on dips
- 4450
- 4365
4260
4170
Consolidate
Buy on dips
R2 - 123.5
R1 - 120.3
- 117.8
- 114.5
Consolidate
Sell on high
- 1093
- 1057
1028
993
ALUMINIUM(JULY
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 suits 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 responsibility
The information given herein should be treated as only factor, while making investment decision. The report does not provide
individually tailor-made investment advice.
evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser.
Capitalheight Research Pvt. Ltd. shall not be responsible for any transaction conducted based on the information given in this
report, which is in violation of rules and regulations of MCX and NCDEX.
The metals price projections shown are not necessarily indicative of futur
together with all estimates and forecasts, can change without notice. Analyst or any person related to
Research Pvt. Ltd. might be holding positions in the stocks recommended. It is understoo
through the site has done so at his free will and does not read any views expressed as a recommendation for which either t
site or its owners or anyone can be held responsible for . Any surfing and reading of the inf
disclaimer.
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.
Research Pvt. Ltd. does not purport to be an invitation or an offer to buy or sell any fi
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 th
taken.
• Consolidate
• Sell on high
Trend
Strategy
•R2 - 117.8
•R1 - 114.7Resistance
•S1 - 112.3
•S2 - 110.5support
Phone
JULY)
The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not
(or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them
Sincere efforts have been made to present the right investment perspective. The information contained herein is based 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 provide
made investment advice. Money Capitalheight Research Pvt. Ltd. recommends that investors independently
evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser.
shall not be responsible for any transaction conducted based on the information given in this
report, which is in violation of rules and regulations of MCX and NCDEX.
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
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 t
site or its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptance of this
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.
does not purport to be an invitation or an offer to buy or sell any financial instrument.
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
Consolidate
Sell on high
www.capitalheight.com
Phone- (0731)4295950
The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not
(or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them
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 provide
recommends that investors independently
evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Money
shall not be responsible for any transaction conducted based on the information given in this
e price performance. The information herein,
together with all estimates and forecasts, can change without notice. Analyst or any person related to Money Capitalheight
d 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
ormation is the acceptance of this
we are not responsible for any loss incurred
whatsoever for any financial profits or loss which may arise from the recommendations above. Money Capitalheight
nancial 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
en Serious Legal Actions can be