Commodity Tips By www.capitalheight.com
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Crude oil and gold prices increased while base metals and grains declined. Crude oil rose to $104 per barrel in London due to tensions between Israel and Iran exacerbating unrest in the Middle East. Copper extended losses as investors worried prices may have outpaced demand. The newsletter provided an economic calendar and technical analysis of commodity markets.
Commodity Tips By www.capitalheight.com
- 1. Daily Newsletter Newsletter-Commodity 17/02/2011 www.capitalheight.com
- 2. info@capitalheight.com Phone- (0731)4295950 MARKET WRAP gold up as Israel, Iran add to Mideast tension Base metals and grains down broadly Crude oil prices ended higher on Wednesday Crude oil prices ended higher on Wednesday after spiking to $104 a barrel in London, and gold edged up as well, as tension between Israel and Iran accentuated the widening unrest in the oil-rich Middle East. Copper extended losses from Tuesday as investors continued to worry that prices may have gotten ahead of demand. ECONOMIC CALENDAR Date Time Currency Economic Data Forecast Previous Thu 12:30am USD FOMC Meeting Minutes Feb 17 12:30am USD Treasury Sec Geithner Speaks 7:00pm USD Core CPI m/m 0.1% 0.1% 7:00pm USD Unemployment Claims 401K 383K 7:00pm USD CPI m/m 0.3% 0.5% 8:30pm USD Fed Chairman Bernanke Testifies 8:30pm USD Philly Fed Manufacturing Index 20.8 19.3 8:30pm USD Mortgage Delinquencies 9.13% 8:30pm USD CB Leading Index m/m 0.3% 1.0% 9:00pm USD Natural Gas Storage -233B -209B 10:50pm USD FOMC Member Evans Speaks 11:40pm USD FOMC Member Fisher Speaks www.capitalheight.com
- 3. info@capitalheight.com Phone- (0731)4295950 TECHNICAL VIEW GOLD(APR) SILVER(MAR MAR) Trend • Consolidate Trend • Consolidate • Buy on dips Strategy • Buy on dips Strategy • R2 -20750 • R2 - 47350 Resistance Resistance • R1 -20590 • R1 - 46550 • S1 -20380 • S1 - 45600 support support • S2 -20150 • S2 - 44850 COPPER(FEB) CRUDE(FEB) ) Trend • Consolidate Trend • Consolidate Strategy • Buy on dips • Sell on high Strategy • R2 - 463 • R2 - 3990 Resistance Resistance • R1 - 455 • R1 - 3910 • S1 - 447 • S1 - 3790 support support • S2 - 439 • S2 - 3710 NATURALGAS(FEB) LEAD(FEB) Trend • Consolidate Trend • Consolidate Strategy • Sell on high Strategy • Buy on dips •R2 - 195 • R2 - 124.5 Resistance Resistance •R1 - 187 • R1 - 121.6 •S1 - 174 • S1 - 118.2 support support •S2 - 167 •S2 - 115.5 ZINC(FEB) NICKEL(FEB) NICKEL(FEB Trend • Consolidate Trend • Bullish Strategy • Buy on dips Strategy • Buy on dips •R2 - 118.5 •R2 - 1355 Resistance Resistance •R1 - 115.4 •R1 - 1327 •S1 - 112.2 •S1 - 1293 support support •S2 - 109.8 •S2 - 1265 www.capitalheight.com
- 4. info@capitalheight.com Phone- (0731)4295950 ALUMINIUM(FEB) Trend • Consolidate Strategy • Sell on high •R2 - 117.3 Resistance •R1 - 115.2 •S1 - 112.5 support •S2 - 109.6 Disclaimer The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. 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. rces 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. Capitalheight recommends that investors independently evaluate made particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Capitalheight shal 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 herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to Capitalheight might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone ee can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer. All Rights Reserved. Investment in Commodity and equity market has its own risks. We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any loss incurred whatsoever for any financial profits or loss which may arise from th recommendations above. Capitalheight does not the purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone Any which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken. www.capitalheight.com