Stock Tips | Free Stock Tips | Commodity Tips

Published on September 2016 | Categories: Types, Research, Business & Economics | Downloads: 121 | Comments: 0 | Views: 516
of 10
Download PDF   Embed   Report

Weekly Commodity News Letter by CapitalHeight 17-01-2011 to 21-01-2011http://www.capitalheight.wordpress.comhttp://www.capitalheight.com9993066624

Comments

Content

Weekly Newsletter Commodity Newsletter-Commodity
17/01/2011

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 Capitalheight.wordpress.com

[email protected] Phone- (0731)4295950

MARKET WRAP
US markets shut for M.L.K. holiday Monday Gold fell to a one-week low and hovered above its lowest in two months China hikes bank reserve requirements by 50 basis points Copper moves up with equities, better U.S. outlook U.S. crude oil marginally up trading at 91.50 $ per berral

Gold ended down for second consecutive week and traded in a stiff range as receding Euro
zone debt concerns & China’s monetary tightening to tame inflation weighed on precious metals. Gold opened the week at $1369.95 and touched weekly high of $1393.10 post disappointing U.S jobless claims at six month high though better demand from bond investors for Euro zone’s fragile members like Spain and Portugal debt auction sent Gold to end weak tempering its demand as safe haven. The support for gold was purchases from jewelers and investors on talks of Indian govt. imposing tax on Gold imports and ahead of lunar New Year. The holdings of the world’s largest gold backed ETF, New York’s SPDR gold trust slipped to 1,265.093 tonnes vs. 1,271.467 tonnes while ETF securities London listed Gold fund saw redemptions as well.

Crude oil gained this week climbing towards its 27 month high to end the week at $91.64.
Crude opened the week at $89.48 and rose post steady rise in U.S economic retail sales and unchanged inflation signaling economic recovery on track. The Crude oil inventory for the week saw a larger-than-expected drop, down at (-) 2.2m vs. (-) 4.2m as against expected 0.4m, its biggest 18 month drop while gasoline supplies increased 5.08 million barrels to 223.20 million, the biggest gain since Sept. 2009. Crude oil is not been able to push above $92 but Brent crude nearing $100; we expect bullish trend for Crude oil and can test the level of $93 - $95.

www.capitalheight.com Capitalheight.wordpress.com

[email protected] Phone- (0731)4295950

TECHNICAL VIEW
GOLD WEEKLY PIVOT
SCRIPT GOLD R4 1484 R3 1446 R2 1408 R1 1385 P 1370 S1 1347 S2 1332 S3 1294 S4 1256

OUTLOOK
Trend:- Consolidate Resistance:- 1386 86,1421$ Support:- 1335,13 5,1305$ Strategy:- Buy on dips GOLD WEEKLY

www.capitalheight.com Capitalheight.wordpress.com

[email protected] Phone- (0731)4295950

SILVER WEEKLY PIVOT
SCRIPT SILVER R4 33.94 R3 32.22 R2 30.50 R1 29.47 P 28.78 S1 27.75 S2 27.06 S3 25.34 S4 23.62

OUTLOOK
Trend:- Consolidate Resistance:- 29.40,30.60 29.40,30.60$ Support:- 27.92,26.90 27.92,26.90$ Strategy:- Sell on high SILVER WEEKLY

www.capitalheight.com Capitalheight.wordpress.com

[email protected] Phone- (0731)4295950

CRUDE WEEKLY PIVOT
SCRIPT CRUDE R4 103.4 R3 99.2 R2 94.9 R1 93.2 P 90.7 S1 89.0 S2 86.4 S3 82.2 S4 77.9

OUTLOOK
Trend:- Consolidate Resistance:- 93.80 93.80,98.90$ Support:- 89.40,86.90 86.90$ Strategy:- Buy on dips CRUDE WEEKLY

www.capitalheight.com Capitalheight.wordpress.com

[email protected] Phone- (0731)4295950

NATURALGAS WEEKLY PIVOT
SCRIPT NG R4 5.14 R3 4.91 R2 4.68 R1 4.58 P 4.44 S1 4.35 S2 4.21 S3 3.98 S4 3.75

OUTLOOK
Trend:- Consolidate Resistance:- 4.690 0,4.990$ Support:- 4.250,3.860 3.860$ Strategy:- Sell on high NATURALGAS WEEKLY

www.capitalheight.com Capitalheight.wordpress.com

[email protected] Phone- (0731)4295950

COPPER WEEKLY PIVOT
SCRIPT COPPER R4 492.1 R3 473.5 R2 455.0 R1 448.7 P 436.5 S1 430.2 S2 418.0 S3 399.5 S4 380.9

OUTLOOK
Trend:- Bullish Resistance:- 452,465 Support:- 430,418 30,418 Strategy:- Buy on dips COPPER WEEKLY

www.capitalheight.com Capitalheight.wordpress.com

[email protected] Phone- (0731)4295950

USD/INR WEEKLY PIVOT
SCRIPT INR R4 47.19 R3 46.55 R2 45.91 R1 45.63 P 45.27 S1 44.99 S2 44.63 S3 43.99 S4 43.35

OUTLOOK
Trend:- Consolidate Resistance:- 45.80 0,46.70 Support:- 44.70,43.90 43.90 Strategy:- Buy on dips USD/INR WEEKLY

www.capitalheight.com Capitalheight.wordpress.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 Capitalheight.wordpress.com

Sponsor Documents

Or use your account on DocShare.tips

Hide

Forgot your password?

Or register your new account on DocShare.tips

Hide

Lost your password? Please enter your email address. You will receive a link to create a new password.

Back to log-in

Close