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Weekly Newsletter Commodity Newsletter-Commodity
09/08/2010
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
FOMC interest rate meeting results on Tuesday Gold hits 3-week high after weak jobs data U.S. nonfarm payrolls fall, weigh on equities, Oil settles lower, but higher week on week Copper ends down on weak US jobs data
Gold shone this week on weak economic data by global economies and reduced risk
appetite of investors. Gold surged $ 26 this week from $1180$ and settled at $ 1205 in the end. Gold touched weekly high of $ 1210 after 2 weeks. Gold is now again in range of $1170- $1210. Gold have advanced since a selloff on July 27, as physical buyers entered the market at bargain prices. A lot of physical buying came from India, Indonesia and Thailand. The worlds’ largest gold backed exchange traded fund, New York’s SPDR reported no change its gold holdings despite such a sharp rise in prices. It was unchanged at 1,282.279 tonnes. The next crucial direction for this precious metal will be meeting of FOMC next week that will set interest rates.
Copper consolidated this week in a narrow range of $338-$332. Copper started the week on
positive gains due to better US economic data as ISM manufacturing purchase manager’s index came better than expected followed by PMI prices & better US construction spending as well. Copper touched weekly high of $ 340.45. It retreated in the end of week due to poor unemployment change data as US economy lost 131000 jobs in July & amid recent jitters in China’s banking & property sector. Inventories of copper stored in LME warehouses fell 875 metric tons Thursday, leaving them at 413,075. The most recent Comex inventory data, released late Wednesday afternoon, were down 181 short tons at 100,438 short tons.
www.capitalheight.com
[email protected] Phone- (0731)4295950
TECHNICAL VIEW
GOLD WEEKLY PIVOT
SCRIPT GOLD R4 1306 R3 1270 R2 1233 R1 1219 P 1197 S1 1183 S2 1160 S3 1124 S4 1087
OUTLOOK
Trend:- Consolidate Resistance:- 1211, 1211,1227$ Support:- 1196,1171 171$ Strategy:- Buy on dips GOLD WEEKLY
www.capitalheight.com
[email protected] Phone- (0731)4295950
SILVER WEEKLY PIVOT
SCRIPT SILVER R4 20.61 R3 19.86 R2 19.11 R1 18.78 P 18.36 S1 18.03 S2 17.61 S3 16.86 S4 16.11
OUTLOOK
Trend:- Consolidate Resistance:- 18.90,19.45 18.90,19.45$ Support:- 18.25,17. 17.65$ Strategy:- Buy on dips SILVER WEEKLY
www.capitalheight.com
[email protected] Phone- (0731)4295950
CRUDE WEEKLY PIVOT
SCRIPT CRUDE R4 93.3 R3 89.2 R2 85.0 R1 83.0 P 80.9 S1 78.9 S2 76.8 S3 72.7 S4 68.5
OUTLOOK
Trend:- Consolidate Resistance:- 82.90 82.90,87.50$ Support:- 78.70,69.70 69.70$ Strategy:- Buy on dips CRUDE WEEKLY
www.capitalheight.com
[email protected] Phone- (0731)4295950
NATURALGAS WEEKLY PIVOT
SCRIPT NG R4 6.30 R3 5.74 R2 5.19 R1 4.84 P 4.64 S1 4.29 S2 4.09 S3 3.54 S4 2.99
OUTLOOK
Trend:- Consolidate Resistance:- 4.720, 4.720,5.270$ Support:- 4.285,3.750 ,3.750$ Strategy:- Buy on dips NATURALGAS WEEKLY
www.capitalheight.com
[email protected] Phone- (0731)4295950
COPPER WEEKLY PIVOT
SCRIPT COPPER R4 367.3 R3 356.6 R2 345.9 R1 340.7 P 335.2 S1 330.0 S2 324.6 S3 313.9 S4 303.2
OUTLOOK
Trend:- Bullish Resistance:- 341,354 Support:- 325,311 Strategy:- Buy on dips COPPER WEEKLY
www.capitalheight.com
[email protected] Phone- (0731)4295950
USD/INR WEEKLY PIVOT
SCRIPT INR R4 48.07 R3 47.39 R2 46.71 R1 46.33 P 46.03 S1 45.65 S2 45.35 S3 44.67 S4 43.99
OUTLOOK
Trend:- Consolidate Resistance:- 46.45 5,47.15 Support:- 45.50,45.10 ,45.10 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
09/08/2010
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
FOMC interest rate meeting results on Tuesday Gold hits 3-week high after weak jobs data U.S. nonfarm payrolls fall, weigh on equities, Oil settles lower, but higher week on week Copper ends down on weak US jobs data
Gold shone this week on weak economic data by global economies and reduced risk
appetite of investors. Gold surged $ 26 this week from $1180$ and settled at $ 1205 in the end. Gold touched weekly high of $ 1210 after 2 weeks. Gold is now again in range of $1170- $1210. Gold have advanced since a selloff on July 27, as physical buyers entered the market at bargain prices. A lot of physical buying came from India, Indonesia and Thailand. The worlds’ largest gold backed exchange traded fund, New York’s SPDR reported no change its gold holdings despite such a sharp rise in prices. It was unchanged at 1,282.279 tonnes. The next crucial direction for this precious metal will be meeting of FOMC next week that will set interest rates.
Copper consolidated this week in a narrow range of $338-$332. Copper started the week on
positive gains due to better US economic data as ISM manufacturing purchase manager’s index came better than expected followed by PMI prices & better US construction spending as well. Copper touched weekly high of $ 340.45. It retreated in the end of week due to poor unemployment change data as US economy lost 131000 jobs in July & amid recent jitters in China’s banking & property sector. Inventories of copper stored in LME warehouses fell 875 metric tons Thursday, leaving them at 413,075. The most recent Comex inventory data, released late Wednesday afternoon, were down 181 short tons at 100,438 short tons.
www.capitalheight.com
[email protected] Phone- (0731)4295950
TECHNICAL VIEW
GOLD WEEKLY PIVOT
SCRIPT GOLD R4 1306 R3 1270 R2 1233 R1 1219 P 1197 S1 1183 S2 1160 S3 1124 S4 1087
OUTLOOK
Trend:- Consolidate Resistance:- 1211, 1211,1227$ Support:- 1196,1171 171$ Strategy:- Buy on dips GOLD WEEKLY
www.capitalheight.com
[email protected] Phone- (0731)4295950
SILVER WEEKLY PIVOT
SCRIPT SILVER R4 20.61 R3 19.86 R2 19.11 R1 18.78 P 18.36 S1 18.03 S2 17.61 S3 16.86 S4 16.11
OUTLOOK
Trend:- Consolidate Resistance:- 18.90,19.45 18.90,19.45$ Support:- 18.25,17. 17.65$ Strategy:- Buy on dips SILVER WEEKLY
www.capitalheight.com
[email protected] Phone- (0731)4295950
CRUDE WEEKLY PIVOT
SCRIPT CRUDE R4 93.3 R3 89.2 R2 85.0 R1 83.0 P 80.9 S1 78.9 S2 76.8 S3 72.7 S4 68.5
OUTLOOK
Trend:- Consolidate Resistance:- 82.90 82.90,87.50$ Support:- 78.70,69.70 69.70$ Strategy:- Buy on dips CRUDE WEEKLY
www.capitalheight.com
[email protected] Phone- (0731)4295950
NATURALGAS WEEKLY PIVOT
SCRIPT NG R4 6.30 R3 5.74 R2 5.19 R1 4.84 P 4.64 S1 4.29 S2 4.09 S3 3.54 S4 2.99
OUTLOOK
Trend:- Consolidate Resistance:- 4.720, 4.720,5.270$ Support:- 4.285,3.750 ,3.750$ Strategy:- Buy on dips NATURALGAS WEEKLY
www.capitalheight.com
[email protected] Phone- (0731)4295950
COPPER WEEKLY PIVOT
SCRIPT COPPER R4 367.3 R3 356.6 R2 345.9 R1 340.7 P 335.2 S1 330.0 S2 324.6 S3 313.9 S4 303.2
OUTLOOK
Trend:- Bullish Resistance:- 341,354 Support:- 325,311 Strategy:- Buy on dips COPPER WEEKLY
www.capitalheight.com
[email protected] Phone- (0731)4295950
USD/INR WEEKLY PIVOT
SCRIPT INR R4 48.07 R3 47.39 R2 46.71 R1 46.33 P 46.03 S1 45.65 S2 45.35 S3 44.67 S4 43.99
OUTLOOK
Trend:- Consolidate Resistance:- 46.45 5,47.15 Support:- 45.50,45.10 ,45.10 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
