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Daily Newsletter

Newsletter-Commodity
26/05/2010

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MARKET WRAP
U.S. oil futures fell sharply on Tuesday
Copper consolidate on Tuesday
Gold is set to resume its upward trend
Base metals up on Tuesday

U.S. oil futures fell sharply on Tuesday as investors fled riskier assets to dollar safety on
growing concerns that the European debt crisis could worsen and damage a fragile
global economic recovery. Gold is set to resume its upward trend over the next month
as concerns over euro zone sovereign debt and wider instability in the financial markets
spark demand for the metal .

ECONOMIC CALENDAR
Date Time Currency Economic Data Forecast Previous

Wed 6:00am USD Fed Chairman Bernanke


May 26 Speaks
11:30am EUR GfK German Consumer Climate 3.7 3.8
12:15pm EUR French Consumer Spending -0.5% 1.2%
m/m
6:00pm USD Core Durable Goods Orders 0.5% 3.5%
m/m
6:00pm USD Durable Goods Orders m/m 1.4% -0.6%
6:30pm EUR Belgium NBB Business Climate -2.1 -2.4
7:30pm USD New Home Sales 425K 411K
8:00pm USD Crude Oil Inventories 0.2M 0.2M

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TECHNICAL VIEW
GOLD(JUNE) SILVER(JULY
JULY)

Trend • Bullish Trend • Consolidate


• Buy on dips Strategy • Buy on dips
Strategy
• R2 -18780 • R2 - 29660
Resistance Resistance
• R1 -18550 • R1 - 29150
• S1 -18250 • S1 - 28450
support support
• S2 -18020 • S2 - 27750

COPPER(JUNE) CRUDE(JUNE)
CRUDE(JUNE

Trend • Consolidate Trend •Bearish


Strategy • Buy on dips • Sell on higher
Strategy
• R2 - 333 • R2 - 3410
Resistance Resistance
• R1 - 325 • R1 - 3335
• S1 - 317 • S1 - 3230
support support
• S2 - 309 • S2 - 3150

NATURALGAS(JUNE)) LEAD(MAY)
LEAD(MAY

Trend • Consolidate Trend • Consolidate


Strategy • Sell on higher Strategy • Buy on dips
•R2 - 207 • R2 - 87.3
Resistance Resistance
•R1 - 199 • R1 - 84.5
•S1 - 191 • S1 - 81.8
support support
•S2 - 183 •S2 - 78.5

ZINC(MAY) NICKEL(MAY)
NICKEL(MAY

Trend • Consolidate Trend • Consolidate


Strategy • Buy on dips Strategy • Buy on dips
•R2 - 93.5 •R2 - 1053
Resistance Resistance
•R1 - 89.8 •R1 - 1025
•S1 - 86.5 •S1 - 987
support support
•S2 - 83.8 •S2 - 955

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info@capitalheight.com
Phone- (0731)4295950

ALUMINIUM(MAY)

Trend • Consolidate
Strategy • Buy on dips
•R2 - 99.8
Resistance
•R1 - 96.3
•S1 - 93.5
support
•S2 - 91.8

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