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9993066624Weekly commodity news letter by capital height 17 01-2011 to 21-01-2011

Published in: Economy & Finance, Business
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Stock Tips | Free Stock Tips | Commodity Tips

  1. 1. Weekly Newsletter Commodity Newsletter-Commodity 17/01/2011
  2. 2. Phone- (0731)4295950 Weekly Newsletter Contents Market Wrap Technical Analysis Gold ( Comex) Silver ( Comex) Crude ( Nymex) Naturalgas ( Nymex) Copper (Comex) USD/INR
  3. 3. Phone- (0731)4295950 MARKET WRAP US markets shut for M.L.K. holiday Monday Gold fell to a one-week low and hovered above its lowest in two months China hikes bank reserve requirements by 50 basis points Copper moves up with equities, better U.S. outlook U.S. crude oil marginally up trading at 91.50 $ per berral Gold ended down for second consecutive week and traded in a stiff range as receding Euro zone debt concerns & China’s monetary tightening to tame inflation weighed on precious metals. Gold opened the week at $1369.95 and touched weekly high of $1393.10 post disappointing U.S jobless claims at six month high though better demand from bond investors for Euro zone’s fragile members like Spain and Portugal debt auction sent Gold to end weak tempering its demand as safe haven. The support for gold was purchases from jewelers and investors on talks of Indian govt. imposing tax on Gold imports and ahead of lunar New Year. The holdings of the world’s largest gold backed ETF, New York’s SPDR gold trust slipped to 1,265.093 tonnes vs. 1,271.467 tonnes while ETF securities London listed Gold fund saw redemptions as well. Crude oil gained this week climbing towards its 27 month high to end the week at $91.64. Crude opened the week at $89.48 and rose post steady rise in U.S economic retail sales and unchanged inflation signaling economic recovery on track. The Crude oil inventory for the week saw a larger-than-expected drop, down at (-) 2.2m vs. (-) 4.2m as against expected 0.4m, its biggest 18 month drop while gasoline supplies increased 5.08 million barrels to 223.20 million, the biggest gain since Sept. 2009. Crude oil is not been able to push above $92 but Brent crude nearing $100; we expect bullish trend for Crude oil and can test the level of $93 - $95.
  4. 4. Phone- (0731)4295950 TECHNICAL VIEW GOLD WEEKLY PIVOT SCRIPT R4 R3 R2 R1 P S1 S2 S3 S4 GOLD 1484 1446 1408 1385 1370 1347 1332 1294 1256 OUTLOOK Trend:- Consolidate Resistance:- 1386 86,1421$ Support:- 1335,13 5,1305$ Strategy:- Buy on dips GOLD WEEKLY
  5. 5. Phone- (0731)4295950 SILVER WEEKLY PIVOT SCRIPT R4 R3 R2 R1 P S1 S2 S3 S4 SILVER 33.94 32.22 30.50 29.47 28.78 27.75 27.06 25.34 23.62 OUTLOOK Trend:- Consolidate Resistance:- 29.40,30.60 29.40,30.60$ Support:- 27.92,26.90 27.92,26.90$ Strategy:- Sell on high SILVER WEEKLY
  6. 6. Phone- (0731)4295950 CRUDE WEEKLY PIVOT SCRIPT R4 R3 R2 R1 P S1 S2 S3 S4 CRUDE 103.4 99.2 94.9 93.2 90.7 89.0 86.4 82.2 77.9 OUTLOOK Trend:- Consolidate Resistance:- 93.80 93.80,98.90$ Support:- 89.40,86.90 86.90$ Strategy:- Buy on dips CRUDE WEEKLY
  7. 7. Phone- (0731)4295950 NATURALGAS WEEKLY PIVOT SCRIPT R4 R3 R2 R1 P S1 S2 S3 S4 NG 5.14 4.91 4.68 4.58 4.44 4.35 4.21 3.98 3.75 OUTLOOK Trend:- Consolidate Resistance:- 4.690 0,4.990$ Support:- 4.250,3.860 3.860$ Strategy:- Sell on high NATURALGAS WEEKLY
  8. 8. Phone- (0731)4295950 COPPER WEEKLY PIVOT SCRIPT R4 R3 R2 R1 P S1 S2 S3 S4 COPPER 492.1 473.5 455.0 448.7 436.5 430.2 418.0 399.5 380.9 OUTLOOK Trend:- Bullish Resistance:- 452,465 Support:- 430,418 30,418 Strategy:- Buy on dips COPPER WEEKLY
  9. 9. Phone- (0731)4295950 USD/INR WEEKLY PIVOT SCRIPT R4 R3 R2 R1 P S1 S2 S3 S4 INR 47.19 46.55 45.91 45.63 45.27 44.99 44.63 43.99 43.35 OUTLOOK Trend:- Consolidate Resistance:- 45.80 0,46.70 Support:- 44.70,43.90 43.90 Strategy:- Buy on dips USD/INR WEEKLY
  10. 10. Phone- (0731)4295950 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. 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 regulations of MCX and NCDEX. The stock 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 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. 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.