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Daily Commodity Report By CapitalHeight

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Daily Commodity Report By CapitalHeight Powered By Docstoc
					Daily Newsletter-Commodity
04/10/2012




                     www.capitalheight.com
                                                                       info@capitalheight.com
                                                                        Phone- (0731)4295950



                        MARKET WRAP
         Copper falls as weak Europe, China data raises demand fears
         Gold up after U.S. employment data and despite oil drop
         Crude oil prices fell sharply on Wednesday

Gold edged up on Wednesday, defying a crude oil tumble as encouraging U.S.
employment and service-sector data bolstered bullion's investment appeal as an inflation
hedge. Crude oil prices fell sharply on Wednesday as weak economic data from Europe
and China dimmed the outlook for demand, adding to concerns arising from Europe's
festering debt crisis. Copper slipped on Wednesday, snapping four days of gains, as
weak data from Europe and China reinforced concerns about the outlook for industrial
metal demand despite recent efforts by central banks to stimulate economic growth.




                   ECONOMIC CALENDAR
 Date      Time      Currency            Economic Data              Forecast Previous

Thu      Tentative     EUR      French 10-y Bond Auction                         2.21|2.1
Oct 4
          5:00pm       USD      Challenger Job Cuts y/y                          -36.9%
          5:15pm       EUR      Minimum Bid Rate                       0.75%      0.75%
          6:00pm       EUR      ECB Press Conference
          6:00pm       USD      Unemployment Claims                    371K          359K
          7:30pm       USD      Factory Orders m/m                     -5.9%         2.8%
          8:00pm       USD      Natural Gas Storage                    72B           80B
         11:30pm       USD      FOMC Meeting Minutes




                                                                           www.capitalheight.com
                                                     info@capitalheight.com
                                                      Phone- (0731)4295950



                    TECHNICAL VIEW
             GOLD(DEC)                         SILVER(DEC)

  Trend         • Bullish          Trend          • Bullish
                • Buy on dips     Strategy        • Buy on dips
 Strategy
                • R2 - 31930                      • R2 - 65800
Resistance                        Resistance
                • R1 - 31650                      • R1 - 63750
                • S1 - 31180                      • S1 - 61370
 support                           support
                • S2 - 30850                      • S2 - 60250


             COPPER(NOV)                       CRUDE(OCT)

  Trend        • Consolidate       Trend         • Consolidate
Strategy       • Buy on dips                     • Sell on high
                                 Strategy
               • R2 - 457                        • R2 - 4855
Resistance                       Resistance
               • R1 - 449                        • R1 - 4780
               • S1 - 433                        • S1 - 4630
 support                          support
               • S2 - 421                        • S2 - 4550


          NATURALGAS(OCT)                       LEAD(OCT)

  Trend         • Consolidate      Trend          • Consolidate
 Strategy       • Buy on dips     Strategy        • Buy on dips
                •R2 - 193                         • R2 - 124.3
Resistance                        Resistance
                •R1 - 185                         • R1 - 121.5
                •S1 -174                          • S1 - 118.3
 support                           support
                •S2 -167                          •S2 - 115.5


             ZINC(OCT)                         NICKEL(OCT)

  Trend         • Consolidate      Trend          • Consolidate
 Strategy       • Sell on high    Strategy        • Buy on dips
                •R2 - 113.5                       •R2 - 1020
Resistance                       Resistance
                •R1 - 110.8                       •R1 - 995
                •S1 - 107.5                       •S1 - 955
 support                           support
                •S2 - 104.8                       •S2 - 908


                                                          www.capitalheight.com
                                                                                                          info@capitalheight.com
                                                                                                           Phone- (0731)4295950



                  ALUMINIUM(OCT)

           Trend              • Consolidate
         Strategy             • Buy on dips
                              •R2 - 113.5
         Resistance
                              •R1 - 111.6
                              •S1 - 108.3
           support
                              •S2 - 106.5




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The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not
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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. Money CapitalHeight Research Pvt. Ltd. recommends that investors independently
evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Money
CapitalHeight Research Pvt. Ltd. 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 metals 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 Money CapitalHeight
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