WEEKLY MCX Tips by
-
Upload
money-capitalheight-research-pvt-ltd -
Category
Documents
-
view
213 -
download
0
description
Transcript of WEEKLY MCX Tips by
Weekly Newsletter20/06/2011
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 (Mcx)
USD/INR
www.capitalheight.com
Capitalheight.wordpress.com
Phone- (0731)4295950
MARKET WRAP
Silver ends down but recover sharply on Friday
Oil drops, biggest weekly slide since May
Gold posts biggest one-day gain in 3 weeks
Copper ends up despite dim economic prospects
U.S. consumer sentiment worsened this month
Gold accelerated gains after mixed U.S data point to a wobbly economic recovery. U.S.
consumer sentiment worsened more than forecast in June on continued economic
pessimism, but a key measure of future U.S. economic activity rose more than expected in
May to a record high. Gold added $8 to end the week at $1538.61. Silver ended flat and
recovered more than 2% due to technical support to end the week at $385.82.
Copper ended on positive bias and ended the week up at $409.85 though weak global
economic sentiments are mounting on base metals. A softer dollar against a basket of
currencies lent support to base metals prices. Copper ended up as reports of increasing
physical premiums, a decline in copper inventories on the LME was indicating a pickup in
demand. Copper inventories fell by more than 5 % to 470,825 tonnes from last week
Crude oil ended down more than 5% posting its biggest weekly drop since May. Crude oil
lost nearly $5 to end the week down at $93.31. Crude slumped to 4 month low $93 as a
dimmer economic outlook and the European debt crisis. Crude now has a support of its
long standing trendline drawn from Feb 2008 which is around $90, which if broken then
can further see a sell-off. EIA crude inventories came at (–) 3.4m vs. (-) 0.9m w/w.
TECHNICAL
WEEKLY PIVOT
SCRIPT R4 R3 R2
GOLD 1625 1593 1562
OUTLOOK
Trend:- Consolidate
Resistance:- 1548
Support:- 1515,14
Strategy:- Buy on dips
ECHNICAL VIEW
GOLD
R2 R1 P S1 S2
1562 1551 1531 1520 1499
Consolidate
48,1576$
478$
Buy on dips
GOLD WEEKLY
www.capitalheight.com
Capitalheight.wordpress.com
Phone- (0731)4295950
S3 S4
1468 1437
WEEKLY PIVOT
SCRIPT R4 R3 R2
SILVER 41.18 39.29 37.40
OUTLOOK
Trend:- Consolidate
Resistance:- 37.85,
Support:- 35.15,32
Strategy:- Buy on dips
SILVER
R2 R1 P S1 S2
37.40 36.62 35.51 34.73 33.62
Consolidate
37.85,39.45$
32.85$
Buy on dips
SILVER WEEKLY
www.capitalheight.com
Capitalheight.wordpress.com
Phone- (0731)4295950
S3 S4
31.73 29.84
WEEKLY PIVOT
SCRIPT R4 R3 R2
CRUDE 119.2 111.1 103.0
OUTLOOK
Trend:- Consolidate
Resistance:- 95.2,98.7
Support:- 91.5,87.2
Strategy:- Sell on high
CRUDE
R2 R1 P S1 S2
103.0 98.0 94.9 89.9 86.8
Consolidate
95.2,98.7$
91.5,87.2$
Sell on high
CRUDE WEEKLY
www.capitalheight.com
Capitalheight.wordpress.com
Phone- (0731)4295950
S3 S4
78.7 70.7
WEEKLY PIVOT
SCRIPT R4 R3 R2
NG 5.95 5.46 4.97
OUTLOOK
Trend:- Consolidate
Resistance:- 4.540,
Support:- 4.110,3.720
Strategy:- Sell on high
NATURALGAS
R2 R1 P S1 S2
4.97 4.65 4.48 4.16 3.99
Consolidate
4.540,4.950$
3.720$
Sell on high
NATURALGAS WEEKLY
www.capitalheight.com
Capitalheight.wordpress.com
Phone- (0731)4295950
S3 S4
3.50 3.01
WEEKLY PIVOT
SCRIPT R4 R3
COPPER 448.2 434.2 420.1
OUTLOOK
Trend:- Consolidate
Resistance:- 413,4
Support:- 398,387
Strategy:- Sell on high
COPPER
R2 R1 P S1 S2
420.1 413.3 406.1 399.2 392.0
Consolidate
,422
98,387
Sell on high
COPPER WEEKLY
www.capitalheight.com
Capitalheight.wordpress.com
Phone- (0731)4295950
S3 S4
378.0 363.9
WEEKLY PIVOT
SCRIPT R4 R3 R2
INR 45.94 45.55 45.16
OUTLOOK
Trend:- Consolidate
Resistance:- 45.30
Support:- 44.15,4
Strategy:- Buy on dips
USD/INR
R2 R1 P S1 S2
45.16 44.98 44.77 44.59 44.38
Consolidate
0,45.85
43.40
Buy on dips
USD/INR WEEKLY
www.capitalheight.com
Capitalheight.wordpress.com
Phone- (0731)4295950
S3 S4
43.99 43.60
www.capitalheight.com
Capitalheight.wordpress.com
Phone- (0731)4295950
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.
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 does not
purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or 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 found so then Serious Legal Actions can be taken.