Bullion news letter 19 april

10
Weekly New 19/04/2010 wsletter-Commodit www.capita ty alheight.com

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Transcript of Bullion news letter 19 april

Page 1: Bullion news letter 19 april

Weekly Newsletter19/04/2010

Newsletter-Commodity

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Commodity

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Page 2: Bullion news letter 19 april

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Weekly Newsletter

Contents

Market Wrap

Technical Analysis

Gold ( Comex)

Silver ( Comex)

Crude ( Nymex)

Naturalgas ( Nymex)

Copper (Mcx)

USD/INR

Page 3: Bullion news letter 19 april

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MARKET WRAP

Markets tumble on Goldman news

Gold slips after hitting new multi week high

Copper collapsed on Friday

Oil falls $2 on Goldman fraud charges

Euro slips v/s dollar

Gold dived southward on Friday as SEC decided to file a civil suit against goldman

Sachs for defrauding the investors loosing its 5 weeks continuous gains in the U.S.

markets, gold fell heavily on Friday by USD 22 to USD 1136.9 an ounce in the spot

market. Gold prices have lost more than 2% in this week even after receiving good

news throughout in the form of retail sales(march) rising by 1.6%, business inventories

were also up by 0.5% for February and consumer sentiment for april came at 69.5, the

precious metal seemed to continue its upmove but SEC played spoil sport.Silver the

poorer cousin of gold also fell heavily and closed at USD 17.71 after recovering from a

low of 17.60. the dollar index jumped 0.4% and trading near 81.

Crude june contract fell earlier in the week but touched its 18 month high of USD

87.23/barrel but retreated sharply from the highs and ended the week at USD

84.525/barrel. Copper also collapsed on Friday, with prices in New York briefly

breaking down below the $3.50-per-lb level, as investors shunned risk and sought

safety in the U.S. dollar after the U.S. Securities and Exchange Commission charged

Goldman Sachs with fraud.

Page 4: Bullion news letter 19 april

TECHNICAL

WEEKLY PIVOT

SCRIPT R4 R3 R2

GOLD 1264 1225 1185

OUTLOOK

Trend:- Consolidate

Resistance:- 1143,

Support:- 1123,1102

Strategy:- Sell on higher

ECHNICAL VIEW

GOLD

R2 R1 P S1 S2

1185 1161 1145 1121 1106

Consolidate

1143,1169$

,1102$

Sell on higher

GOLD WEEKLY

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S3 S4

1066 1026

Page 5: Bullion news letter 19 april

WEEKLY PIVOT

SCRIPT R4 R3 R2

SILVER 20.94 19.95 18.96

OUTLOOK

Trend:- Consolidate

Resistance:- 17.95,18.45

Support:- 17.30,16.70

Strategy:- Buy on dips

SILVER

R2 R1 P S1 S2

18.96 18.33 17.97 17.34 16.98

Consolidate

17.95,18.45$

,16.70$

Buy on dips

SILVER WEEKLY

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S3 S4

15.99 15.00

Page 6: Bullion news letter 19 april

WEEKLY PIVOT

SCRIPT R4 R3 R2

CRUDE 95.5 91.7 87.8

OUTLOOK

Trend:- Consolidate

Resistance:- 85.9,

Support:- 82.1,78.8

Strategy:- Buy on dips

CRUDE

R2 R1 P S1 S2

87.8 85.5 84.0 81.6 80.1

lidate

85.9,87.1$

82.1,78.8$

Buy on dips

CRUDE WEEKLY

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S3 S4

76.3 72.4

Page 7: Bullion news letter 19 april

WEEKLY PIVOT

SCRIPT R4 R3 R2

NG 5.05 4.73 4.40

OUTLOOK

Trend:- Consolidate

Resistance:- 4.260,4.

Support:- 3.780,3.

Strategy:- Sell on higher

NATURALGAS

R2 R1 P S1 S2

4.40 4.22 4.08 3.90 3.75

Consolidate

0,4.630$

0,3.500$

Sell on higher

NATURALGAS WEEKLY

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3.43 3.10

Page 8: Bullion news letter 19 april

WEEKLY PIVOT

SCRIPT R4 R3

COPPER 387.2 374.3 361.3

OUTLOOK

Trend:- Consolidate

Resistance:- 351,359

Support:- 341,333

Strategy:- Buy on dips

COPPER

R2 R1 P S1 S2

361.3 353.6 348.4 340.7 335.4

Consolidate

351,359

41,333

Buy on dips

COPPER WEEKLY

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322.5 309.5

Page 9: Bullion news letter 19 april

WEEKLY PIVOT

SCRIPT R4 R3 R2

INR 46.19 45.57 44.95

OUTLOOK

Trend:- Bearish

Resistance:- 44.75,45.15

Support:- 43.85,43.45

Strategy:- Sell on higher

USD/INR

R2 R1 P S1 S2

44.95 44.60 44.33 43.98 43.71

44.75,45.15

43.85,43.45

Sell on higher

USD/INR WEEKLY

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S3 S4

43.09 42.47

Page 10: Bullion news letter 19 april

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