Daily commodity report by capital height

Daily Newsletter08/07/2011

Daily Newsletter-Commodity

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MARKET WRAP

Gold prices held just below $1,530 an ounce on Thursday

European Central Bank lifts rates by 25 bps

The euro pared losses against the dollar

U.S. new jobless claims fell last week

U.S. crude stocks down less than expected

Zinc stocks at highest in 16 years

Copper hits 3-month high, demand hopes boost

Gold prices held just below $1,530 an ounce on Thursday after the European Central

Bank signalled it would continue to raise rates and offered to help Portugal stay solvent.

Brent futures surged nearly $4 on Thursday, lifted by a bigger-than-expected fall in U.S.

weekly jobless claims and crude stock draws. Copper rose on Thursday to its highest in

nearly three months as expectations of increasing demand from top consumer China and

upbeat employment data from the United States.

ECONOMIC CALENDAR

Date Time Currency Economic Data Forecast Previous

Fri Jul 8

11:30am EUR German Trade Balance 12.8B 12.0B

12:15pm EUR French Gov Budget Balance -61.4B

1:30pm EUR Italian Industrial Production m/m -0.2% 1.0%

6:00pm USD Non-Farm Employment Change 88K 54K

6:00pm USD Unemployment Rate 9.1% 9.1%

6:00pm USD Average Hourly Earnings m/m 0.2% 0.3%

7:30pm USD Wholesale Inventories m/m 0.6% 0.8%

TECHNICAL

GOLD(AUG)

COPPER(AUG)

NATURALGAS(JULY

ZINC(JULY)

• Consolidate

• Buy on dips

Trend

Strategy• R2 - 22550

• R1 - 22280Resistance

• S1 - 21950

• S2 - 21670support

• Consolidate

• Buy on dips

Trend

Strategy

• R2 - 447

• R1 - 439Resistance

• S1 - 427

• S2 - 419support

• Consolidate

• Sell on high

Trend

Strategy

•R2 - 197

•R1 - 189Resistance

•S1 - 181

•S2 - 172support

• Consolidate

• Buy on dips

Trend

Strategy

•R2 - 110.5

•R1 - 107.3Resistance

•S1 - 104.9

•S2 - 101.3support

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ECHNICAL VIEW

SILVER(SEP

) CRUDE(JULY

JULY) LEAD(JULY

NICKEL(

Consolidate

Buy on dips

22550

22280

21950

21670

• Consolidate

• Buy on dips

Trend

Strategy

• R2

• R1 Resistance

• S1 -

• S2 -support

Consolidate

Buy on dips• Consolidate

• Buy on dips

Trend

Strategy• R2 -

• R1 -Resistance

• S1 -

• S2 -support

Consolidate

Sell on high

• Consolidate

• Buy on dips

Trend

Strategy• R2

• R1 Resistance

• S1

•S2 support

Consolidate

Buy on dips

110.5

107.3

• Consolidate

• Sell on high

Trend

Strategy

•R2 -

•R1 -Resistance

•S1 -

•S2 -support


[email protected]

Phone- (0731)4295950

SEP)

JULY)

JULY)

JULY)

Consolidate

Buy on dips

R2 - 55800

R1 - 54750

- 53580

- 52300

Consolidate

Buy on dips

- 4485

- 4410

4270

4170

Consolidate

Buy on dips

R2 - 124.2

R1 - 121.3

- 118.8

- 115.5

Consolidate

Sell on high

- 1115

- 1078

1034

1015

ALUMINIUM(JULY

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accept any responsibility (or liability) for errors of fact or opinion. Users have the right to

the most.

Sincere efforts have been made to present the right investment perspective. The information contained herein is based on

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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.

evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser.

Capitalheight Research Pvt. Ltd. shall not be responsible for any transaction conducted

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

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 t

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

whatsoever for any financial profits or loss which may arise from the recommendations above.

Research Pvt. Ltd. does not purport to be an invitation or an offer to buy or s

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 f

taken.

• Consolidate

• Sell on high

Trend

Strategy

•R2 - 117.8

•R1 - 114.7Resistance

•S1 - 112.3

•S2 - 110.5support

[email protected]

Phone

JULY)


accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them


analysis and up on sources that we consider reliable.

ormation and based upon it & takes no responsibility


made investment advice. Money Capitalheight Research Pvt. Ltd. recommends that investors independently

evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser.

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.

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

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 t

n be held responsible for . Any surfing and reading of the information is the acceptance of this

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.

does not purport to be an invitation or an offer to buy or sell any financial instrument.


Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be

Consolidate

Sell on high


[email protected]

Phone- (0731)4295950


choose the product/s that suits them



recommends that investors independently

evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Money

based on the information given in this

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

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

n be held responsible for . Any surfing and reading of the information is the acceptance of this

we are not responsible for any loss incurred

whatsoever for any financial profits or loss which may arise from the recommendations above. Money Capitalheight

ell any financial instrument. Our Clients (Paid Or


ound so then Serious Legal Actions can be

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