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Daily Newsletter01/06/2011
Daily Newsletter-Commodity
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MARKET WRAP
Gold holds near 4-week high
Silver set for worst monthly slide since 2008
Drop in the dollar against the euro
Oil jumped by more than $2 on Tuesday
Copper hits four-week high
LME aluminium stocks fell 3,525 tonnes
Gold steadied around its highest in nearly four weeks on Tuesday, but surrendered earlier
gains after a report that Germany could smooth the way for Greece to get a bailout.
Copper rallied to a four-week high on Tuesday, supported by a firmer euro after
expectations mounted that a second aid package for Greece would get the go-ahead and
after a series of poor U.S. data.
ECONOMIC CALENDAR
Date Time Currency Economic Data Forecast Previous
Wed Jun 1
1:30pm EUR Final Manufacturing PMI 54.8 54.8
5:00pm USD Challenger Job Cuts y/y -4.8%
5:45pm USD ADP Non-Farm Employment Change 177K 179K
6:30pm EUR ECB President Trichet Speaks
7:30pm USD ISM Manufacturing PMI 58.4 60.4
7:30pm USD Treasury Sec Geithner Speaks
7:30pm USD Construction Spending m/m 0.4% 1.4%
7:30pm USD ISM Manufacturing Prices 81.9 85.5
All Day USD Total Vehicle Sales 12.9M 13.2M
TECHNICAL
GOLD(JUNE)
COPPER(JUNE)
NATURALGAS(JUNE)
ZINC(JUNE)
• Consolidate
• Buy on dips
Trend
Strategy• R2 -22750
• R1 -22540Resistance
• S1 - 22310
• S2 - 22050support
• Consolidate
• Buy on dips
Trend
Strategy
• R2 - 431
• R1 - 423Resistance
• S1 - 409
• S2 - 398support
• Consolidate
• Buy on dips
Trend
Strategy
•R2 - 225
•R1 - 217Resistance
•S1 - 207
•S2 - 198support
• Consolidate
• Buy on dips
Trend
Strategy
•R2 - 105.5
•R1 - 103.3Resistance
•S1 - 99.2
•S2 - 96.5support
Phone
ECHNICAL VIEW
SILVER(JULY
CRUDE(JUNE)
LEAD(JUNE)
NICKEL(JUNE
• Consolidate
• Buy on dips
Trend
Strategy
• R2 - 59500
• R1 - 58450Resistance
• S1 - 56350
• S2 - 54900support
• Consolidate
• Buy on dips
Trend
Strategy• R2 - 4740
• R1 - 4665Resistance
• S1 - 4560
• S2 - 4470support
• Consolidate
• Buy on dips
Trend
Strategy• R2 - 119.5
• R1 - 115.8Resistance
• S1 - 112.3
•S2 - 109.5support
• Consolidate
• Sell on high
Trend
Strategy
•R2 - 1115
•R1 - 1083Resistance
•S1 - 1043
•S2 - 1005support
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Phone- (0731)4295950
JULY)
)
JUNE)
Consolidate
Buy on dips
59500
58450
56350
54900
Consolidate
Buy on dips
4740
4665
Consolidate
Buy on dips
119.5
115.8
112.3
109.5
Consolidate
Sell on high
ALUMINIUM(JUNE)
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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 sui
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
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 an
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
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
• Buy on dips
Trend
Strategy
•R2 - 123.5
•R1 - 121.3Resistance
•S1 - 118.7
•S2 - 116.5support
Phone
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 provide
made investment advice. Capitalheight recommends that investors independently evaluate
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 an
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
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 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
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 and
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
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