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Daily commodity news letter by capital height 21 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 21/09/2010
  2. 2. Phone- (0731)4295950 MARKET WRAP Copper eases from 5-mth high Oil jumps above $75, A weak dollar also was supportive to oil. Gold hit record highs for a fourth day on Monday Euro up V/s Dollar Silver at 2-1/2 year highs, nears 30-year peaks Gold hit record highs for a fourth day on Monday, lifted by a potent mix of factors including dollar weakness, further central bank buying and speculation more stimulus measures could prove inflationary. Copper climbed to a fresh five month peak on Monday, buoyed by a falling dollar and market talk of further quantitative easing in the United States. Oil edged higher on Monday towards $74 a barrel, after dropping 3.7 percent last week. ECONOMIC CALENDAR Date Time Currency Economic Data Forecast Previous Tue 7:00am AUD Monetary Policy Meeting Sep 21 Minutes 2:00pm GBP Public Sector Net Borrowing 12.3B 3.2B 4:30pm CAD Core CPI m/m 0.1% -0.1% 4:30pm CAD CPI m/m 0.0% 0.5% 6:00pm USD Building Permits 0.56M 0.56M 6:00pm USD Housing Starts 0.55M 0.55M 11:45pm USD FOMC Statement 11:45pm USD Federal Funds Rate <0.25%
  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 -19350 • R2 - 33150 Resistance Resistance • R1 -19180 • 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 - 357 • R1 - 3440 • S1 - 351 • S1 - 3330 support support • S2 - 343 • S2 - 3250 NATURALGAS(SEP) LEAD(SEP) Trend • Consolidate Trend • Consolidate Strategy • Sell on high Strategy • Sell on high •R2 - 189 • R2 - 102.8 Resistance Resistance •R1 - 181 • R1 - 100.3 •S1 - 173 • S1 - 97.5 support support •S2 - 165 •S2 - 95.3 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 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. Capitalheight recommends that investors independently evaluate made particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Capitalheight shal 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 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 rela 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 curacy 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.