Commodity Tips Report by CapitalHeight
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Transcript of Commodity Tips Report by CapitalHeight
Weekly Newsletter07/03/2011
Weekly Newsletter-Commodity
www.capitalheight.com
Commodity
www.capitalheight.com
www.capitalheight.com
Capitalheight.wordpress.com
Phone- (0731)4295950
Weekly Newsletter
Contents
Market Wrap
Technical Analysis
Gold ( Comex)
Silver ( Comex)
Crude ( Nymex)
Naturalgas ( Nymex)
Copper (Comex)
USD/INR
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MARKET WRAP
Gold rose above $1,430 an ounce
Silver surged to 31-year highs
U.S. jobless rate slipped to a nearly two-year low of 8.9 percent
U.S. payrolls rose more than expected in February
Crude oil climbs above 104.5$
Gold ended up for 5th consecutive week & made a new all time high of $1440.45. Gold
jumped 1% due to positive correlation with oil of late and investors piling into safe haven,
to end up at $1427.95. Though going forward, its uptrend is questionable as the turnover
was weaker than usual and can it sustain $1420 level without Mid-East crisis.
SPDR ETF gold holdings fell to 1,210.621 tonnes, their lowest since Mid May last year.
Silver surged more than 3% to a 31 year high making a fresh all time high of $ 35.55 and
ended on a strong note at $35.52. Silver has rose on record coin buying in a tight physical
market and strong demand for industrial metals as the global economy recovers. The
Gold – Silver ratio declined to 13 year low; weakest since 1998. Holdings of silver backed
ETF, iShare silver trust rose to a two month high of 10,794.89 tonnes.
Crude oil ended up for 3rd consecutive week gaining nearly $5 and made a new multi
year high of $104.93 to end on a strong note at $104.73. Crude oil jumped as Mid-east
tensions unfold and rebels fights near crucial oil terminals in Libya. The hedge funds have
increased bets in Crude oil by 30% taking their net long positions to a record high.
The EIA crude oil inventories came down at (-)0.4M vs. 0.8M as against expected 1.1M.
TECHNICAL
WEEKLY PIVOT
SCRIPT R4 R3 R2
GOLD 1531 1496 1460
OUTLOOK
Trend:- Consolidate
Resistance:- 1455
Support:- 1420,1394
Strategy:- Buy on dips
ECHNICAL VIEW GOLD
R2 R1 P S1 S2
1460 1445 1425 1409 1389
Consolidate
1455,1479$
1394$
Buy on dips
GOLD WEEKLY
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S3 S4
1354 1318
WEEKLY PIVOT
SCRIPT R4 R3 R2
SILVER 41.66 39.37 37.08
OUTLOOK
Trend:- Bullish
Resistance:- 36.30,37.65
Support:- 34.95,32.
Strategy:- Buy on dips
SILVER
R2 R1 P S1 S2
37.08 36.31 34.79 34.02 32.50
36.30,37.65$
32.90$
Buy on dips
SILVER WEEKLY
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S3 S4
30.21 27.92
WEEKLY PIVOT
SCRIPT R4 R3 R2
CRUDE 127.6 119.1 110.6
OUTLOOK
Trend:- Bullish
Resistance:- 110.5,117.4
Support:- 100.1,97.1
Strategy:- Buy on dips
CRUDE
R2 R1 P S1 S2
110.6 107.7 102.0 99.2 93.5
5,117.4$
100.1,97.1$
Buy on dips
CRUDE WEEKLY
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S3 S4
85.0 76.5
WEEKLY PIVOT
SCRIPT R4 R3 R2
NG 4.96 4.60 4.23
OUTLOOK
Trend:- Consolidate
Resistance:- 4.255,4.830
Support:- 3.690,3.2
Strategy:- Sell on high
NATURALGAS
R2 R1 P S1 S2
4.23 4.01 3.87 3.65 3.50
Consolidate
4.255,4.830$
0,3.210$
Sell on high
NATURALGAS WEEKLY
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S3 S4
3.14 2.77
WEEKLY PIVOT
SCRIPT R4 R3
COPPER 481.5 470.3 459.1
OUTLOOK
Trend:- Consolidate
Resistance:- 455,469
Support:- 440,421
Strategy:- Buy on dips
COPPER
R2 R1 P S1 S2
459.1 453.1 447.9 441.9 436.7
Consolidate
455,469
1
Buy on dips
COPPER WEEKLY
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S3 S4
425.5 414.3
WEEKLY PIVOT
SCRIPT R4 R3 R2
INR 46.50 46.00 45.50
OUTLOOK
Trend:- Consolidate
Resistance:- 45.75,46.25
Support:- 44.60,44.10
Strategy:- Buy on dips
USD/INR
R2 R1 P S1 S2
45.50 45.20 45.00 44.70 44.50
Consolidate
5,46.25
,44.10
Buy on dips
USD/INR WEEKLY
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S3 S4
44.00 43.50
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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.
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