COMMODITY NEWS LETTER DAILY by capitalHeight

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									      Newsletter-Commodity
Daily Newsletter
31/03/2011




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                                                                            Phone- (0731)4295950



                         MARKET WRAP
          U.S. oil prices steadied above $104 a barrel
          U.S. crude inventories rose 2.95 million barrels last week
          Yen slipped across the board hitting fresh 10-month lows
          Gold edged down on Wednesday
          U.S. private employers added more than 200,000 jobs in March
          Copper prices ended sharply lower on Wednesday


U.S. oil prices steadied above $104 a barrel on Wednesday as higher-than-expected
U.S. crude stocks helped balance support from unrest in Libya and the Middle East.
Gold edged down on Wednesday as investors booked profits from a rally in the previous
session, and trading was likely to be muted ahead of the release of Friday's U.S. jobs
report.



                   ECONOMIC CALENDAR
 Date       Time      Currency           Economic Data                 Forecast Previous

 Thu       2:00am       EUR       German Retail Sales m/m               0.4%          0.4%
Mar 31
           3:55am       EUR       German Unemployment Change            -23K          -52K
           5:00am       EUR       CPI Flash Estimate y/y                2.4%          2.4%
           8:30am       USD       Unemployment Claims                   379K          382K
           9:45am       USD       Chicago PMI                            70.1         71.2
          10:00am       USD       Factory Orders m/m                    0.7%          3.1%
          10:30am       USD       Natural Gas Storage                    -2B           -6B
          12:45pm       USD       FOMC Member Tarullo 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 -21030                       • R2 - 56950
Resistance                        Resistance
                • R1 -20770                       • R1 - 56150
                • S1 -20610                       • S1 - 54550
 support                           support
                • S2 -20450                       • S2 - 53400


             COPPER(APR)                                )
                                               CRUDE(APR)

  Trend        • Consolidate       Trend          • Consolidate
Strategy       • Sell on high                     • Buy on dips
                                  Strategy
               • R2 - 437                         • R2 - 4845
Resistance                       Resistance
               • R1 - 429                         • R1 - 4760
               • S1 - 418                         • S1 - 4640
 support                          support
               • S2 - 409                         • S2 - 4550


          NATURALGAS(APR)                       LEAD(MAR
                                                LEAD(MAR)

  Trend         • Consolidate       Trend         • Consolidate
 Strategy       • Sell on high    Strategy        • Buy on dips
                •R2 - 211                         • R2 - 125.5
Resistance                        Resistance
                •R1 - 203                         • R1 - 122.8
                •S1 - 192                         • S1 - 119.3
 support                           support
                •S2 - 184                         •S2 - 116.5


             ZINC(MAR)                          NICKEL(MAR
                                                NICKEL(MAR)

  Trend         • Consolidate      Trend          • Consolidate
 Strategy       • Sell on high    Strategy        • Sell on high
                •R2 - 108.5                       •R2 - 1228
Resistance                        Resistance
                •R1 - 105.7                       •R1 - 1187
                •S1 - 102.3                       •S1 - 1148
 support                           support
                •S2 - 99.5                        •S2 - 1118


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



          ALUMINIUM(MAR)

     Trend             • Consolidate
   Strategy            • Buy on dips
                       •R2 - 119.3
   Resistance
                       •R1 - 117.5
                       •S1 - 115.3
    support
                       •S2 - 112.5




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