COMMODITY NEWS LETTER DAILY _1_

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					      Newsletter-Commodity
Daily Newsletter
28/03/2011




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                          MARKET WRAP
         Commodities on the whole posted a small gain on Friday
         Gold falls as dollar rises
         Silver gained 0.2 percent to $37.21 an ounce
         Oil up nearly 5 pct on week due to supply squeeze fears
         Copper ended lower on Friday
         Aluminium rises to 2-1/2-year high


Copper ended lower on Friday, extending a phase of consolidation from this week's two-
week highs, as investors continued to weigh the economic impact from Japan's nuclear
catastrophe and a worsening debt crisis in Europe. Oil prices edged lower in light profit-
taking on Friday, but ended higher on the week, as supply threats from the Middle East
and Libya and the ongoing crisis in Japan sidelined many players. Gold reversed gains
in high volume on Friday, hit by a dollar spike after several top U.S. Federal Reserve
officials said the Fed is unlikely to extend its bond-buying stimulus program beyond a
planned $600 billion.



                   ECONOMIC CALENDAR
 Date       Time        Currency           Economic Data             Forecast Previous

 Mon       6:00pm         USD         Core PCE Price Index m/m        0.2%         0.1%
Mar 28
           6:00pm         USD         Personal Spending m/m           0.6%         0.2%
           6:00pm         USD         Personal Income m/m             0.5%         1.0%
          7:30pm          USD         Pending Home Sales m/m          0.0%        -2.8%
          8:30pm          EUR         ECB President Trichet Speaks




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                                                          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 -21280                      • R2 - 57550
Resistance                       Resistance
                • R1 -20980                      • R1 - 56250
                • S1 -20730                      • S1 - 54850
 support                          support
                • S2 -20450                      • S2 - 53900


             COPPER(APR)                               )
                                              CRUDE(APR)

  Trend        • Consolidate      Trend          • Consolidate
Strategy       • Buy on dips                     • Buy on dips
                                 Strategy
               • R2 - 452                        • R2 - 4895
Resistance                      Resistance
               • R1 - 443                        • R1 - 4790
               • S1 - 433                        • S1 - 4670
 support                         support
               • S2 - 425                        • S2 - 4590


          NATURALGAS(APR)                      LEAD(MAR
                                               LEAD(MAR)

  Trend         • Consolidate      Trend         • Consolidate
 Strategy       • Buy on dips    Strategy        • Buy on dips
                •R2 - 217                        • R2 - 126.5
Resistance                       Resistance
                •R1 - 208                        • R1 - 123.2
                •S1 - 197                        • S1 - 119.7
 support                          support
                •S2 - 189                        •S2 - 115.5


             ZINC(MAR)                         NICKEL(MAR
                                               NICKEL(MAR)

  Trend         • Consolidate     Trend          • Consolidate
 Strategy       • Buy on dips    Strategy        • Buy on dips
                •R2 - 110.5                      •R2 - 1255
Resistance                       Resistance
                •R1 - 107.7                      •R1 - 1227
                •S1 - 105.3                      •S1 - 1187
 support                          support
                •S2 - 102.5                      •S2 - 1143


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



          ALUMINIUM(MAR)

     Trend             • Consolidate
   Strategy            • Buy on dips
                       •R2 - 121.5
   Resistance
                       •R1 - 118.2
                       •S1 - 115.8
    support
                       •S2 - 113.3




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posted:3/28/2011
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