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Daily Newsletter Commodity 08-02-2013

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Daily Newsletter Commodity 08-02-2013 Powered By Docstoc
					Daily Newsletter-Commodity
08/02/2013




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                           MARKET WRAP
         Gold and silver futures fell the most in a week after a rally by the dollar
         Nickel, copper, lead and tin also fell in London.
         Zinc fell to the lowest price this week
         Oil fell to the lowest level in two weeks


Gold and silver futures fell the most in a week after a rally by the dollar reduced the appeal of
the precious metal as an alternative investment. Oil fell to the lowest level in two weeks in
New York as European Central Bank President Mario Draghi said the euro’s strength could
hamper an economic recovery, curbing fuel demand. Zinc fell to the lowest price this week,
leading a slump for industrial metals, on renewed concern that Europe’s debt crisis is
worsening and will curb demand. Nickel, copper, lead and tin also fell in London. Aluminum
was unchanged, after touching a one-week low.




                    ECONOMIC CALENDAR
 Date       Time      Currency              Economic Data               Forecast Previous
 Fri       1:30am        USD       Consumer Credit m/m                    14.1B        16.0B
Feb 8
           6:30am        USD       FOMC Member Evans Speaks
          12:30pm        EUR       German Trade Balance                   13.7B        14.6B
           2:30pm        EUR       Italian Industrial Production m/m      0.2%         -1.0%
            Day 2        EUR       EU Economic Summit
           7:00pm        USD       Trade Balance                         -45.8B        -48.7B
           8:30pm        USD       Wholesale Inventories m/m              0.4%         0.6%




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                                                     info@capitalheight.com
                                                      Phone- (0731)4295950



                      TECHNICAL VIEW
             GOLD(APR)                         SILVER(MAR)

  Trend         • Consolidate      Trend          • Consolidate
                • Buy on dips     Strategy        • Buy on dips
 Strategy
                • R2 - 31350                      • R2 - 60500
Resistance                        Resistance
                • R1 - 30980                      • R1 - 59150
                • S1 - 30520                      • S1 - 57350
 support                           support
                • S2 - 30150                      • S2 - 56200


             COPPER(FEB)                       CRUDE(FEB)

  Trend         • Consolidate      Trend         • Consolidate
Strategy        • Buy on dips                    • Buy on dips
                                 Strategy
                • R2 - 455                       • R2 - 5285
Resistance                       Resistance
                • R1 - 447                       • R1 - 5210
                • S1 - 435                       • S1 - 5075
 support                          support
                • S2 - 428                       • S2 - 5010


          NATURALGAS(FEB)                       LEAD(FEB)

  Trend         • Consolidate      Trend          • Consolidate
 Strategy       • Sell on high    Strategy        • Buy on dips
                •R2 - 195                         • R2 - 133.5
Resistance                        Resistance
                •R1 - 188                         • R1 - 130.8
                •S1 -176                          • S1 - 127.3
 support                           support
                •S2 -169                          •S2 - 125.8


             ZINC(FEB)                         NICKEL(FEB)

  Trend         • Consolidate      Trend          • Consolidate
 Strategy       • Buy on dips     Strategy        • Buy on dips
                •R2 - 119.5                       •R2 - 1048
Resistance                       Resistance
                •R1 - 116.8                       •R1 - 1013
                •S1 - 111.3                       •S1 - 955
 support                           support
                •S2 - 108.5                       •S2 - 915


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                                                                                                        info@capitalheight.com
                                                                                                         Phone- (0731)4295950



                  ALUMINIUM(FEB)

           Trend             • Consolidate
         Strategy            • Sell on high
                             •R2 - 114.8
         Resistance
                             •R1 - 112.9
                             •S1 - 109.8
          support
                             •S2 - 106.5




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