- Gold rose for a third day due to investor concerns over the eurozone debt crisis. Copper edged up on Asian demand but gains were limited by worries over slowing economic growth. US crude oil stockpiles unexpectedly increased last week while gasoline stockpiles fell more than expected.
- The economic calendar highlights upcoming data on US core CPI, unemployment claims, existing home sales, and comments from Fed member Dudley.
- Technical views provide resistance and support levels for commodities like gold, silver, copper, crude oil, and suggest trading strategies like buying dips or selling rallies.
2. info@capitalheight.com
Phone- (0731)4295950
MARKET WRAP
Gold was set for a third daily rise on Wednesday
The euro pared earlier losses
Copper edges up on Asian buying
Dollar falls against basket of currencies
U.S. crude oil stocks rose unexpectedly last week
Gold was set for a third daily rise on Wednesday, recovering from an earlier dip, due to
investor unease over the lack of a clear solution to the euro zone debt crisis. Copper rose
on Wednesday on buying interest from Asia and as the dollar weakened, but gains were
limited as fears of a slower economic recovery, which may dent metals demand growth,
dampened market sentiment. U.S. crude oil stocks rose unexpectedly last week, while
gasoline inventories fell more than analysts had expected, the U.S. Energy Information
Administration data showed on Wednesday.
ECONOMIC CALENDAR
Date Time Currency Economic Data Forecast Previous
Thu 6:00pm USD Core CPI m/m 0.2% 0.3%
Aug 18
6:00pm USD Unemployment Claims 402K 395K
6:00pm USD CPI m/m 0.2% -0.2%
6:05pm USD FOMC Member Dudley Speaks
7:30pm USD Existing Home Sales 4.91M 4.77M
7:30pm USD Philly Fed Manufacturing Index 4.0 3.2
7:30pm USD CB Leading Index m/m 0.2% 0.3%
8:00pm USD Natural Gas Storage 49B 25B
www.capitalheight.com
4. info@capitalheight.com
Phone- (0731)4295950
Phone
ALUMINIUM(AUG
AUG)
Trend • Consolidate
Strategy • Sell on high
•R2 - 112.5
Resistance
•R1 - 109.6
•S1 - 105.8
support
•S2 - 102.5
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 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 up it & takes no responsibility
upon
The information given herein should be treated as only factor, while making investment decision. The report does not provide
individually tailor-made investment advice. Money Capitalheight Research Pvt. Ltd. recommends that investors independently
made
evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Money
Capitalheight Research Pvt. Ltd. shall not be responsible for any transaction conducted based on the informat
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 Money Capitalheight
Research Pvt. Ltd. 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
read
site or its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptance o this
of
disclaimer.
All Rights Reserved.
Investment in Commodity and equity market has its own risks.
y
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. Money Capitalheight
above.
Research Pvt. Ltd. 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.
www.capitalheight.com