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COMMODITY NEWS LETTER DAILY _1_

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					      Newsletter-Commodity
Daily Newsletter
16/03/2011




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                                                                           info@capitalheight.com
                                                                            Phone- (0731)4295950



                        MARKET WRAP
        Commodities tumble across the board
        Gold slides as Japan crisis slams markets
        Oil falls on Japan worry
        Copper sinks to 3-month low
        Silver recovers after sharp fall


Gold prices fell more than 2 percent on Tuesday, but were well off their lows, as rising
fears over Japan's nuclear crisis hit global financial markets, prompting a flight to liquid
assets like cash. Oil prices fell on Tuesday as Japan's nuclear crisis following last
week's earthquake sparked risk aversion, while unrest in Bahrain and Libya helped pull
prices off lows. Copper fell to a three-month low on Tuesday, after a mounting
emergency at a quake-stricken nuclear plant in Japan sparked a slide across financial
markets.



                    ECONOMIC CALENDAR
 Date      Time     Currency           Economic Data                  Forecast Previous

 Wed 6:00pm           USD       Building Permits                       0.58M        0.56M
Mar 16
       6:00pm         USD       PPI m/m                                 0.7%         0.8%
           6:00pm     USD       Core PPI m/m                            0.2%         0.5%
           6:00pm     USD       Current Account                        -111B        -127B
           6:00pm     USD       Housing Starts                         0.58M        0.60M
           8:00pm     USD       Crude Oil Inventories                   1.8M         2.5M




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



                         TECHNICAL VIEW
             GOLD(APR)                                 MAY)
                                                SILVER(MAY

  Trend         • Consolidate      Trend          • Consolidate
                • Buy on dips     Strategy        • Buy on dips
 Strategy
                • R2 -21080                       • R2 - 54650
Resistance                        Resistance
                • R1 -20790                       • R1 - 53450
                • S1 -20530                       • S1 - 51450
 support                           support
                • S2 -20350                       • S2 - 50300


             COPPER(APR)                       CRUDE(MAR
                                               CRUDE(MAR)

  Trend        • Consolidate       Trend          • Consolidate
Strategy       • Sell on high                     • Buy on dips
                                  Strategy
               • R2 - 431                         • R2 - 4630
Resistance                       Resistance
               • R1 - 423                         • R1 - 4540
               • S1 - 412                         • S1 - 4410
 support                          support
               • S2 - 405                         • S2 - 4335


                        )
          NATURALGAS(MAR)                      LEAD(MAR
                                               LEAD(MAR)

  Trend         • Consolidate       Trend         • Consolidate
 Strategy       • Sell on high    Strategy        • Buy on dips
                •R2 - 191                         • R2 - 118.5
Resistance                        Resistance
                •R1 - 183                         • R1 - 115.7
                •S1 - 172                         • S1 - 111.2
 support                           support
                •S2 - 165                         •S2 - 107.3


             ZINC(MAR)                         NICKEL(MAR
                                               NICKEL(MAR)

  Trend         • Consolidate      Trend          • Consolidate
 Strategy       • Sell on high    Strategy        • Sell on high
                •R2 - 108.5                       •R2 - 1188
Resistance                        Resistance
                •R1 - 104.9                       •R1 - 1157
                •S1 - 102.2                       •S1 - 1106
 support                           support
                •S2 - 98.3                        •S2 - 1073


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



          ALUMINIUM(MAR)

     Trend             • Consolidate
   Strategy            • Sell on high
                       •R2 - 117.7
   Resistance
                       •R1 - 114.8
                       •S1 - 111.5
    support
                       •S2 - 108.7




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