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Daily Newsletter05/05/2011
Daily Newsletter-Commodity
www.capitalheight.com
www.capitalheight.com
www.capitalheight.com
Phone- (0731)4295950
MARKET WRAP
Gold, silver fall sharply for third straight day
Sentiment down after George Soros sold gold, silver
Weekly U.S. crude stocks rose by 3.42 mln bbls
U.S. private payrolls disappoint in April
Oil prices fell for a third day on Wednesday
Copper falls after U.S. data
Silver slid sharply for a third straight session Wednesday, dragging down gold, on
follow-through selling after the exchange raised margin requirements for a third time in a
week. George Soros' big $28 billion firm and some hedge funds have been selling gold
and silver. Copper fell to its lowest since mid March on Wednesday as investors worried
that tightening monetary measures in China, signs of slowing U.S. growth.
ECONOMIC CALENDAR
Date Time Currency Economic Data Forecast Previous
Thu May 5
1:30am USD FOMC Member Fisher Speaks
6:00pm USD Unemployment Claims 415K 429K
6:00pm USD Prelim Nonfarm Productivity q/q 1.1% 2.6%
6:00pm USD Prelim Unit Labor Costs q/q 0.8% -0.6%
6:45pm USD FOMC Member Evans Speaks
7:00pm USD Fed Chairman Bernanke Speaks
8:00pm USD Natural Gas Storage 68B 31B
10:45pm USD FOMC Member Kocherlakota Speaks
TECHNICAL
GOLD(JUNE)
COPPER(JUNE)
NATURALGAS(MAY)
ZINC(MAY)
• Consolidate
• Buy on dips
Trend
Strategy• R2 -22540
• R1 -22280Resistance
• S1 -21930
• S2 -21780support
• Consolidate
• Buy on dips
Trend
Strategy
• R2 - 429
• R1 - 421Resistance
• S1 - 409
• S2 - 401support
• Consolidate
• Buy on dips
Trend
Strategy
•R2 - 223
•R1 - 214Resistance
•S1 - 202
•S2 - 193support
• Consolidate
• Sell on high
Trend
Strategy
•R2 - 103.8
•R1 - 100.5Resistance
•S1 - 97.3
•S2 - 94.5support
ECHNICAL VIEW
SILVER(JULY
CRUDE(MAY
) LEAD(MAY
NICKEL(MAY
• Consolidate
• Buy on dips
Trend
Strategy
• R2 - 63500
• R1 - 61350Resistance
• S1 - 59150
• S2 - 57800support
• Consolidate
• Buy on dips
Trend
Strategy• R2 - 5030
• R1 - 4950Resistance
• S1 - 4835
• S2 - 4750support
• Consolidate
• Buy on dips
Trend
Strategy• R2 - 115.5
• R1 - 112.7Resistance
• S1 - 109.8
•S2 - 106.5support
• Consolidate
• Sell on high
Trend
Strategy
•R2 - 1221
•R1 - 1187Resistance
•S1 - 1148
•S2 - 1115support
www.capitalheight.com
Phone- (0731)4295950
JULY)
MAY)
MAY)
MAY)
Consolidate
Buy on dips
63500
61350
59150
57800
Consolidate
Buy on dips
5030
4950
4835
4750
Consolidate
Buy on dips
115.5
112.7
109.8
106.5
Consolidate
Sell on high
1221
1187
1148
1115
ALUMINIUM(MAY)
Disclaimer
The information and views in this report, our website & all the service we provide are believed to be reliable,
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 contain
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
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. Capi
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 pri
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
his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyon
can be held responsible for . Any surfing and reading of the information is the acceptance of
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.
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 financial instrument.
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.
• Bullish
• Buy on dips
Trend
Strategy
•R2 - 125.7
•R1 - 123.2Resistance
•S1 - 121.7
•S2 - 119.5support
The information and views in this report, our website & all the service we provide are believed to be reliable,
accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that sui
Sincere efforts have been made to present the right investment perspective. The information contain
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
made investment advice. Capitalheight recommends that investors independently evaluate
particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Capi
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 Capitalheight
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 anyon
can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer.
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
s 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
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.
www.capitalheight.com
Phone- (0731)4295950
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
Sincere efforts have been made to present the right investment perspective. The information contained herein is based on
decision. The report does not
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
ce performance. The information herein,
Capitalheight might be
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
this disclaimer.
we are not responsible for any loss incurred
Capitalheight does not
Our Clients (Paid Or Unpaid), Any third party or
share our calls or SMS or Report or Any Information Provided by us to/with anyone