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Daily Newsletter29/11/2010

Daily Newsletter-Commodity

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MARKET WRAP

Gold slips as dollar firms, euro debt worries stay

Euro remains under pressure as crisis worries

U.S. closed negative on friday

Copper is expected to open steady on Monday

U.S. oil prices edged lower

Gold fell on friday as a firmer U.S. dollar dented the metal's appeal as an alternative

investment, with a weaker euro also putting additional pressure. The dollar briefly hit a

two-month high against the yen on early trade Monday, extending a rise from Friday as

an early bounce in the euro following news of a rescue package for Ireland faded and

gave the greenback a lift. Copper is expected to open steady on Monday after the

European Union agreed on a $115-billion bailout package for Ireland. U.S. oil prices

edged lower in light post-holiday trading on Friday, pressured as Europe's debt crisis

pushed the euro to a two-month low against the dollar

ECONOMIC CALENDAR

Date Time Currency Economic Data Forecast Previous

Mon Nov 29

5:20am JPY Retail Sales y/y 0.8% 1.4%

6:30am JPY BOJ Gov Shirakawa Speaks

3:00pm GBP Net Lending to Individuals m/m 0.8B 0.4B

3:00pm GBP Final Mortgage Approvals 47K 44K

Tentative GBP Annual Pre-Budget Release

TECHNICAL

GOLD(DEC)

COPPER(NOV)

NATURALGAS(DEC)

ZINC(NOV)

• Consolidate

• Buy on dips

Trend

Strategy• R2 -20650

• R1 -20420Resistance

• S1 -20220

• S2 -20050support

• Consolidate

• Buy on dips

Trend

Strategy

• R2 - 391

• R1 - 383Resistance

• S1 - 373

• S2 - 364support

• Consolidate

• Sell on high

Trend

Strategy

•R2 - 215

•R1 - 207Resistance

•S1 - 196

•S2 - 187support

• Consolidate

• Sell on high

Trend

Strategy

•R2 - 102.5

•R1 - 99.3Resistance

•S1 - 97.8

•S2 - 95.2support

ECHNICAL VIEW

SILVER(DEC

CRUDE(DEC)

LEAD(NOV

NICKEL(NOV

• Consolidate

• Buy on dips

Trend

Strategy

• R2 - 42350


• S1 - 40350

• S2 - 39250support

• Consolidate

• Sell on high

Trend

Strategy• R2 - 3950


• S1 - 3810

• S2 - 3730support

• Consolidate

• Buy on dips

Trend

Strategy• R2 - 108.5

• R1 - 105.7Resistance

• S1 - 102.3

•S2 - 99.5support

• Consolidate

• Sell on high

Trend

Strategy

•R2 - 1065

•R1 - 1041Resistance

•S1 - 1013

•S2 - 978support


[email protected]

Phone- (0731)4295950

DEC)

)

)

NICKEL(NOV)

Consolidate

Buy on dips

42350

41450

40350

39250

Consolidate

Sell on high

3950

3880

3810

3730

Consolidate

Buy on dips

108.5

105.7

102.3

99.5

Consolidate

Sell on high

1065

1041

1013

978

ALUMINIUM(NOV)

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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

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

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 shal

not be responsible for any transaction conducted based on the information given in this report, which is in violation of rule

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

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 own

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

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

purport to be an invitation or an offer to buy or sell any

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

• Consolidate

• Buy on dips

Trend

Strategy

•R2 - 106.7

•R1 - 103.8Resistance

•S1 - 101.7

•S2 - 99.5support

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


analysis and up on sources that we consider reliable.

This material is for personal information and based upon it & takes no responsibility


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 shal

not be responsible for any transaction conducted based on the information given in this report, which is in violation of rule

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 Ca


his free will and does not read any views expressed as a recommendation for which either the site or its own


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

purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or


which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.


[email protected]

Phone- (0731)4295950

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



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

price projections shown are not necessarily indicative of future price performance. The information herein,

Capitalheight might be


his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone


we are not responsible for any loss incurred

Capitalheight does not

Our Clients (Paid Or Unpaid), Any third party or


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