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Daily commodity news letter by CapitalHeight 20 09-10

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  1. 1. Daily Newsletter Newsletter-Commodity 20/09/2010
  2. 2. Phone- (0731)4295950 MARKET WRAP Thailand ups gold reserves Oil dips towards $73 Gold hits new record on jitters over data Euro up V/s Dollar Silver eyes 30-year highs above $21 Gold hit a record high on Friday for the third time this week as poor U.S. consumer confidence and market talk of more quantitative easing helped the alternative asset score its biggest weekly gain since May. U.S. inflation pressures were muted in August and consumer morale hit a 13-month low this month, keeping fears of deflation alive and spurring bets on further monetary easing. ECONOMIC CALENDAR Date Time Currency Economic Data Forecast Previous Mon 4:31am GBP Rightmove HPI m/m -1.7% Sep 20 9:00am AUD RBA Gov Stevens Speaks 2:00pm GBP Prelim Mortgage Approvals 46K 47K 6:00pm CAD Foreign Securities Purchases 8.11B 5.39B 6:00pm CAD Wholesale Sales m/m 0.6% -0.3%
  3. 3. Phone- (0731)4295950 TECHNICAL VIEW GOLD(OCT) SILVER(DEC DEC) Trend • Bullish Trend • Bullish • Buy on dips Strategy • Buy on dips Strategy • R2 -19480 • R2 - 33150 Resistance Resistance • R1 -19250 • R1 - 32580 • S1 -19040 • S1 - 31850 support support • S2 -18850 • S2 - 31180 COPPER(NOV) CRUDE(SEP) ) Trend • Consolidate Trend • Consolidate Strategy • Buy on dips • Sell on high Strategy • R2 - 366 • R2 - 3510 Resistance Resistance • R1 - 359 • R1 - 3430 • S1 - 351 • S1 - 3330 support support • S2 - 343 • S2 - 3250 NATURALGAS(SEP) LEAD(SEP) Trend • Consolidate Trend • Consolidate Strategy • Buy on dips Strategy • Sell on high •R2 - 195 • R2 - 105.8 Resistance Resistance •R1 - 188 • R1 - 103.5 •S1 - 178 • S1 - 100.3 support support •S2 - 167 •S2 - 98.5 ZINC(SEP) NICKEL(SEP) NICKEL(SEP Trend • Consolidate Trend • Consolidate Strategy • Sell on high Strategy • Buy on dips •R2 - 102.7 •R2 - 1110 Resistance Resistance •R1 - 100.5 •R1 - 1083 •S1 - 97.7 •S1 - 1052 support support •S2 - 95.5 •S2 - 1018
  4. 4. Phone- (0731)4295950 ALUMINIUM(SEP) Trend • Consolidate Strategy • Sell on dips •R2 - 102.7 Resistance •R1 - 100.5 •S1 - 98.8 support •S2 - 96.5 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 suits them the most. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on perspective. 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 made 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 rule 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 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 anyon anyone can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer. information 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. we are not responsible for any loss incurred whatsoever for any financial profits or loss which may arise from the recommendations above. Capitalheight does not 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.