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Daily commodity news letter by capital height 13 09-10

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Financial Advisory Company | NSE BSE Intraday Tips | MCX NCDEX Tips | Free Stock Tips

  1. 1. Daily Newsletter Newsletter-Commodity 13/09/2010
  2. 2. Phone- (0731)4295950 MARKET WRAP Oil rises 3 pct to above $76 on U.S. supply outage Copper finished lower on Friday Copper, aluminum stockpiles continue decline Gold prices steadied below $1,250 an ounce Euro slips V/s Dollar Base metals down on friday Gold prices steadied at moderately lower levels below $1,250 an ounce on Friday as the yen slid against the dollar and investors continued to unwind safe-haven plays made this week. Earlier this week, bullion touched its highest in two months, above $1,262 an ounce, on renewed worries about the European banking sector. A gold sale late Thursday by the International Monetary Fund gave the precious metal an underpinning. U.S. crude rose 3 percent to hit a four-week high above $76 a barrel on Friday following the shutdown of a major pipeline supplying Canadian oil to the United States and potential for an extended outage. Copper finished lower on Friday, suffering its first weekly decline in four weeks, as risk appetite waned and investors weighed mixed indicators of demand in China ECONOMIC CALENDAR Date Time Currency Economic Data Forecast Previous Mon 11:30pm USD Federal Budget Balance -109.0B -165.0B Sep 13
  3. 3. Phone- (0731)4295950 TECHNICAL VIEW GOLD(OCT) SILVER(DEC DEC) Trend • Consolidate Trend • Bullish • Buy on dips Strategy • Buy on dips Strategy • R2 -19180 • R2 - 32380 Resistance Resistance • R1 -19050 • R1 - 31650 • S1 -18780 • S1 - 31050 support support • S2 -18550 • S2 - 30380 COPPER(NOV) CRUDE(SEP) ) Trend • Consolidate Trend • Consolidate Strategy • Buy on dips • Buy on dips Strategy • R2 - 363 • R2 - 3680 Resistance Resistance • R1 - 355 • R1 - 3610 • S1 - 346 • S1 - 3490 support support • S2 - 338 • S2 - 3410 NATURALGAS(SEP) LEAD(SEP) Trend • Consolidate Trend • Consolidate Strategy • Sell on higher Strategy • Sell on high •R2 - 193 • R2 - 103.8 Resistance Resistance •R1 - 185 • R1 - 101.5 •S1 - 176 • S1 - 98.3 support support •S2 - 167 •S2 - 96.5 ZINC(SEP) NICKEL(SEP) NICKEL(SEP Trend • Consolidate Trend • Consolidate Strategy • Sell on high Strategy • Buy on dips •R2 - 102.7 •R2 - 1079 Resistance Resistance •R1 - 99.2 •R1 - 1055 •S1 - 96.4 •S1 - 1027 support support •S2 - 93.5 •S2 - 995
  4. 4. Phone- (0731)4295950 ALUMINIUM(SEP) Trend • Consolidate Strategy • Sell on dips •R2 - 101.5 Resistance •R1 - 98.7 •S1 - 96.2 support •S2 - 93.5 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 contain herein is based on contained 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. Capi 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, price 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. 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 s 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.