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Daily Newsletter02/02/2011
Daily Newsletter-Commodity
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Phone- (0731)4295950
MARKET WRAP
Gold surrenders early gains
Copper hit a record high on Tuesday
U.S. dollar pared some losses versus the euro
Silver ETFs see historic outflows in January
Nickel and aluminum hits multi week high
Copper hit a record high on Tuesday nearing $10,000 a tonne buoyed by positive U.S.
economic data as well as supply concerns, while a weaker dollar underpinned its
advance. The U.S. dollar pared some losses versus the euro and yen on Tuesday after
the ISM and construction readings but still remained down on the day. Gold prices
steadied on Tuesday after well-received U.S. manufacturing data lifted the dollar and
boosted appetite for higher-risk assets at gold's expense, balancing support lent by
political upheaval in Egypt.
ECONOMIC CALENDAR
Date Time Currency Economic Data Forecast Previous
Wed Feb 2
3:30pm EUR PPI m/m 0.8% 0.3%
6:00pm USD Challenger Job Cuts y/y -29.0%
6:45pm USD ADP Non-Farm Employment Change
148K 297K
9:00pm USD Crude Oil Inventories 2.4M 4.8M
TECHNICAL
GOLD(APR)
COPPER(FEB)
NATURALGAS(FEB)
ZINC(FEB)
• Consolidate
• Sell on high
Trend
Strategy• R2 -20430
• R1 -20180Resistance
• S1 -19920
• S2 -19730support
• Bullish
• Buy on dips
Trend
Strategy
• R2 - 470
• R1 - 463Resistance
• S1 - 449
• S2 - 441support
• Consolidate
• Sell on high
Trend
Strategy
•R2 - 215
•R1 - 206Resistance
•S1 - 197
•S2 - 190support
• Consolidate
• Buy on dips
Trend
Strategy
•R2 - 116.5
•R1 - 114.3Resistance
•S1 - 110.2
•S2 - 107.8support
ECHNICAL VIEW
SILVER(MAR
CRUDE(FEB)
LEAD(FEB)
NICKEL(FEB
• Consolidate
• Buy on dips
Trend
Strategy
• R2 - 44700
• R1 - 43950Resistance
• S1 - 42800
• S2 - 42080support
• Consolidate
• Buy on dips
Trend
Strategy• R2 - 4330
• R1 - 4265Resistance
• S1 - 4150
• S2 - 4070support
• Consolidate
• Buy on dips
Trend
Strategy• R2 - 121.5
• R1 - 118.4Resistance
• S1 - 115.3
•S2 - 112.5support
• Bullish
• Buy on dips
Trend
Strategy
•R2 - 1335
•R1 - 1293Resistance
•S1 - 1258
•S2 - 1227support
www.capitalheight.com
Phone- (0731)4295950
MAR)
)
NICKEL(FEB)
Consolidate
Buy on dips
44700
43950
42800
42080
Consolidate
Buy on dips
4330
4265
4150
4070
Consolidate
Buy on dips
121.5
118.4
115.3
112.5
Buy on dips
1335
1293
1258
1227
ALUMINIUM(FEB)
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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. 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 rules
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 owners or anyone
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 the completeness thereof.
whatsoever for any financial profits or loss which may arise from th
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 A
which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.
• Bullish
• Buy on dips
Trend
Strategy
•R2 - 220.7
•R1 - 117.5Resistance
•S1 - 115.1
•S2 - 112.6support
The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not
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
rces 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
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
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
ee 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.
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
The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not
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
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
ee 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
ny Information Provided by us to/with anyone