Daily Newsletter04/02/2011
Daily Newsletter-Commodity
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MARKET WRAP
Copper at record $10,000 on supply concerns
U.S. weekly jobless claims drop more than expected
Gold falls for second day as dollar strengthens
U.S. dollar extended gains against the euro
Crude oil trading above 90$
Zinc hits multi week high
Natural gas galls sharply after inventory data
Copper struck a record high at $10,000 on Thursday while tin also hit all-time peaks, on
supply deficit concerns and as recent economic data from top consumers China and the
United States increased demand prospects. Gold recovered sharply on second day
after U.S. data showed a healthy pace of growth in the U.S. services sector, having
earlier risen on the back of more muted expectations for euro zone rate rises.
ECONOMIC CALENDAR
Date Time Currency Economic Data Forecast Previous
Fri Feb 4
6:30am USD FOMC Member Kocherlakota Speaks
7:00pm USD Non-Farm Employment Change 138K 103K
7:00pm USD Unemployment Rate 9.5% 9.4%
7:00pm USD Average Hourly Earnings m/m 0.2% 0.1%
11:30pm USD FOMC Member Fisher Speaks
TECHNICAL
GOLD(APR)
COPPER(FEB)
NATURALGAS(FEB)
ZINC(FEB)
• Consolidate
• Buy on dips
Trend
Strategy• R2 -20530
• R1 -20380Resistance
• S1 -20120
• S2 -19930support
• Bullish
• Buy on dips
Trend
Strategy
• R2 - 470
• R1 - 463Resistance
• S1 - 449
• S2 - 441support
• Consolidate
• Sell on high
Trend
Strategy
•R2 - 215
•R1 - 206Resistance
•S1 - 197
•S2 - 190support
• Consolidate
• Buy on dips
Trend
Strategy
•R2 - 116.5
•R1 - 114.4Resistance
•S1 - 111.2
•S2 - 108.8support
ECHNICAL VIEW
SILVER(MAR
CRUDE(FEB)
LEAD(FEB)
NICKEL(FEB
• Consolidate
• Buy on dips
Trend
Strategy
• R2 - 45500
• R1 - 44450Resistance
• S1 - 43400
• S2 - 42650support
• Consolidate
• Buy on dips
Trend
Strategy• R2 - 4330
• R1 - 4245Resistance
• S1 - 4150
• S2 - 4070support
• Consolidate
• Buy on dips
Trend
Strategy• R2 - 121.5
• R1 - 118.4Resistance
• S1 - 115.3
•S2 - 112.5support
• Bullish
• Buy on dips
Trend
Strategy
•R2 - 1335
•R1 - 1293Resistance
•S1 - 1258
•S2 - 1227support
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Phone- (0731)4295950
MAR)
)
NICKEL(FEB)
Consolidate
Buy on dips
45500
44450
43400
42650
Consolidate
Buy on dips
4330
4245
4150
4070
Consolidate
Buy on dips
121.5
118.4
115.3
112.5
Buy on dips
1335
1293
1258
1227
ALUMINIUM(FEB)
Disclaimer
The information and views in this report, our website & all the service we provide are
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 perspectiv
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,
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
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
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
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 informati
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 - 220.7
•R1 - 116.5Resistance
•S1 - 114.1
•S2 - 111.6support
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
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
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 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
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
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.
www.capitalheight.com
Phone- (0731)4295950
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
e. The information contained herein is based on
while making investment decision. The report does not
made investment advice. Capitalheight recommends that investors independently evaluate
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
indicative of future price performance. The information herein,
Capitalheight might be
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
on is the acceptance of this disclaimer.
we are not responsible for any loss incurred
Capitalheight does not
Our Clients (Paid Or Unpaid), Any third party or
no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone