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Content
Weekly Newsletter Commodity Newsletter-Commodity
02/08/2010
www.capitalheight.com
[email protected] Phone- (0731)4295950
Weekly Newsletter
Contents
Market Wrap Technical Analysis Gold ( Comex) Silver ( Comex) Crude ( Nymex) Naturalgas ( Nymex) Copper (Comex) USD/INR
www.capitalheight.com
[email protected] Phone- (0731)4295950
MARKET WRAP
US Q2 GDP expands at 2.4 pct annual rate Gold lost most since December as safe haven fades Aluminium hits 11-week high on consumer buying Oil rises to near $79, gains 4.35 pct in July Copper sets 3-mo high, boosted by strong MIDWEST buying
Gold was volatile this week & saw huge selling & buying. Gold started this week negative,
shredding $33 in 2 days due to bigger than expected drop in US consumer confidence & options expiry on COMEX August gold prompted heavy selling that pushed prices lower. Gold broke its trading range and shred 2% this week touching the low of $1156 after 3 months. Gold rebounded in later half of the week gaining $ 22 as Dollar weakened against other currencies & some physical buying & bargain hunting came in on lower levels from India, Indonesia & Thailand. This can be for a limited run though as the world’s largest gold backed ETF, New York’s SDPR reported its gold holdings were unchanged at 1,282.279 tonnes, well below its record high of 1,320.436 tonnes a month back.
Copper
extended its last week greenery with three white soldiers this week gaining
$ 11 and touching a new high of $ 331.05 after 3 months to settle at $ 330.13. It consolidated for 3 days on the $ 321.50 level but ended higher owing to weakened dollar, and optimism about Chinese demand, also, lowered market concerns as the euro zone stabilizes. It is well complimented by demand for industrial metals along with strong technical factors. The next critical level for copper is $ 332. The copper inventories monitored by LME were 411,525 tonnes vs. 416.525 tonnes last week. Comex inventory data showed marginal changes in the stocks leaving it at 100,958 tonnes.
www.capitalheight.com
[email protected] Phone- (0731)4295950
TECHNICAL VIEW
GOLD WEEKLY PIVOT
SCRIPT GOLD R4 1291 R3 1253 R2 1215 R1 1198 P 1177 S1 1160 S2 1140 S3 1102 S4 1064
OUTLOOK
Trend:- Consolidate Resistance:- 1196 196,1227$ Support:- 1171,1145 145$ Strategy:- Sell on highs GOLD WEEKLY
www.capitalheight.com
[email protected] Phone- (0731)4295950
SILVER WEEKLY PIVOT
SCRIPT SILVER R4 20.64 R3 19.71 R2 18.78 R1 18.37 P 17.85 S1 17.44 S2 16.92 S3 15.99 S4 15.06
OUTLOOK
Trend:- Consolidate Resistance:- 18.27,18.90 18.27,18.90$ Support:- 17.65,16. 5,16.85$ Strategy:- Sell on highs SILVER WEEKLY
www.capitalheight.com
[email protected] Phone- (0731)4295950
CRUDE WEEKLY PIVOT
SCRIPT CRUDE R4 89.5 R3 85.7 R2 81.9 R1 80.4 P 78.2 S1 76.6 S2 74.4 S3 70.6 S4 66.8
OUTLOOK
Trend:- Consolidate Resistance:- 81.60,87.50 81.60,87.50$ Support:- 75.20,69.70 75.20,69.70$ Strategy:- Buy on dips CRUDE WEEKLY
www.capitalheight.com
[email protected] Phone- (0731)4295950
NATURALGAS WEEKLY PIVOT
SCRIPT NG R4 6.58 R3 5.96 R2 5.34 R1 5.13 P 4.72 S1 4.51 S2 4.10 S3 3.48 S4 2.86
OUTLOOK
Trend:- Consolidate Resistance:- 5.270 5.270,5.730$ Support:- 4.720,4. 4.285$ Strategy:- Buy on dips NATURALGAS WEEKLY
www.capitalheight.com
[email protected] Phone- (0731)4295950
COPPER WEEKLY PIVOT
SCRIPT COPPER R4 369.9 R3 355.2 R2 340.5 R1 335.3 P 325.8 S1 320.7 S2 311.2 S3 296.5 S4 281.8
OUTLOOK
Trend:- Bullish Resistance:- 335,347 Support:- 325,311 Strategy:- Buy on dips COPPER WEEKLY
www.capitalheight.com
[email protected] Phone- (0731)4295950
USD/INR WEEKLY PIVOT
SCRIPT INR R4 48.74 R3 48.02 R2 47.30 R1 46.83 P 46.58 S1 46.11 S2 45.86 S3 45.14 S4 44.42
OUTLOOK
Trend:- Consolidate Resistance:- 46.85 46.85,47.35 Support:- 46.15,45. ,45.50 Strategy:- Sell on high USD/INR WEEKLY
www.capitalheight.com
[email protected] 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.
www.capitalheight.com
02/08/2010
www.capitalheight.com
[email protected] Phone- (0731)4295950
Weekly Newsletter
Contents
Market Wrap Technical Analysis Gold ( Comex) Silver ( Comex) Crude ( Nymex) Naturalgas ( Nymex) Copper (Comex) USD/INR
www.capitalheight.com
[email protected] Phone- (0731)4295950
MARKET WRAP
US Q2 GDP expands at 2.4 pct annual rate Gold lost most since December as safe haven fades Aluminium hits 11-week high on consumer buying Oil rises to near $79, gains 4.35 pct in July Copper sets 3-mo high, boosted by strong MIDWEST buying
Gold was volatile this week & saw huge selling & buying. Gold started this week negative,
shredding $33 in 2 days due to bigger than expected drop in US consumer confidence & options expiry on COMEX August gold prompted heavy selling that pushed prices lower. Gold broke its trading range and shred 2% this week touching the low of $1156 after 3 months. Gold rebounded in later half of the week gaining $ 22 as Dollar weakened against other currencies & some physical buying & bargain hunting came in on lower levels from India, Indonesia & Thailand. This can be for a limited run though as the world’s largest gold backed ETF, New York’s SDPR reported its gold holdings were unchanged at 1,282.279 tonnes, well below its record high of 1,320.436 tonnes a month back.
Copper
extended its last week greenery with three white soldiers this week gaining
$ 11 and touching a new high of $ 331.05 after 3 months to settle at $ 330.13. It consolidated for 3 days on the $ 321.50 level but ended higher owing to weakened dollar, and optimism about Chinese demand, also, lowered market concerns as the euro zone stabilizes. It is well complimented by demand for industrial metals along with strong technical factors. The next critical level for copper is $ 332. The copper inventories monitored by LME were 411,525 tonnes vs. 416.525 tonnes last week. Comex inventory data showed marginal changes in the stocks leaving it at 100,958 tonnes.
www.capitalheight.com
[email protected] Phone- (0731)4295950
TECHNICAL VIEW
GOLD WEEKLY PIVOT
SCRIPT GOLD R4 1291 R3 1253 R2 1215 R1 1198 P 1177 S1 1160 S2 1140 S3 1102 S4 1064
OUTLOOK
Trend:- Consolidate Resistance:- 1196 196,1227$ Support:- 1171,1145 145$ Strategy:- Sell on highs GOLD WEEKLY
www.capitalheight.com
[email protected] Phone- (0731)4295950
SILVER WEEKLY PIVOT
SCRIPT SILVER R4 20.64 R3 19.71 R2 18.78 R1 18.37 P 17.85 S1 17.44 S2 16.92 S3 15.99 S4 15.06
OUTLOOK
Trend:- Consolidate Resistance:- 18.27,18.90 18.27,18.90$ Support:- 17.65,16. 5,16.85$ Strategy:- Sell on highs SILVER WEEKLY
www.capitalheight.com
[email protected] Phone- (0731)4295950
CRUDE WEEKLY PIVOT
SCRIPT CRUDE R4 89.5 R3 85.7 R2 81.9 R1 80.4 P 78.2 S1 76.6 S2 74.4 S3 70.6 S4 66.8
OUTLOOK
Trend:- Consolidate Resistance:- 81.60,87.50 81.60,87.50$ Support:- 75.20,69.70 75.20,69.70$ Strategy:- Buy on dips CRUDE WEEKLY
www.capitalheight.com
[email protected] Phone- (0731)4295950
NATURALGAS WEEKLY PIVOT
SCRIPT NG R4 6.58 R3 5.96 R2 5.34 R1 5.13 P 4.72 S1 4.51 S2 4.10 S3 3.48 S4 2.86
OUTLOOK
Trend:- Consolidate Resistance:- 5.270 5.270,5.730$ Support:- 4.720,4. 4.285$ Strategy:- Buy on dips NATURALGAS WEEKLY
www.capitalheight.com
[email protected] Phone- (0731)4295950
COPPER WEEKLY PIVOT
SCRIPT COPPER R4 369.9 R3 355.2 R2 340.5 R1 335.3 P 325.8 S1 320.7 S2 311.2 S3 296.5 S4 281.8
OUTLOOK
Trend:- Bullish Resistance:- 335,347 Support:- 325,311 Strategy:- Buy on dips COPPER WEEKLY
www.capitalheight.com
[email protected] Phone- (0731)4295950
USD/INR WEEKLY PIVOT
SCRIPT INR R4 48.74 R3 48.02 R2 47.30 R1 46.83 P 46.58 S1 46.11 S2 45.86 S3 45.14 S4 44.42
OUTLOOK
Trend:- Consolidate Resistance:- 46.85 46.85,47.35 Support:- 46.15,45. ,45.50 Strategy:- Sell on high USD/INR WEEKLY
www.capitalheight.com
[email protected] 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.
www.capitalheight.com
