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MCX Tips | NCDEX Tips | Free Stock Tips | Intraday Tips

Feb 22, 2016

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CapitalHeight is a Financial advisory company provides online trading,NSE,BSE,MCX,NCDEX & intraday tips.We provide free commodity tips for commodity market.

  • Weekly Newsletter29/11/2010

    Weekly Newsletter-Commodity

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    Commodity

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    Weekly Newsletter Contents

    Market Wrap

    Technical Analysis

    Gold ( Comex)

    Silver ( Comex)

    Crude ( Nymex)

    Naturalgas ( Nymex)

    Copper (Comex)

    USD/INR

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    MARKET WRAP Gold ended up snapping 2 weeks sell off

    Thin volume trading concerns commodities

    Copper drops further amid Chinas demand worry

    U.S crude oil limits losses ending up 1.7%

    Dollar hits two-month high against Euro

    Gold ended up marginally but remained cautious tracking global economic instability. Gold gained $5 to end the week at $1363.48 and touched weekly high of $1382. The cautiousness in gold was due to recent recovery in dollar as it hit fresh two-month high against Euro & Chinas anti-inflation rate hikes. Though, Gold recovered some losses due to modest buying amid investors rising concerns over Euro zone credit worries and Irish debt crisis that may engulf other Euro zone. The momentum in gold is now due to currency fluctuations as buyers bid for it as a safe haven amid economic instability while liquidation is due to continuous rising dollar. Worlds largest gold backed ETF, New Yorks SPDR gold trust reported a drop down in its holdings to 1,285.084 tonnes vs. 1,289.36 tonnes.

    Copper ended down for third consecutive week amid thin trading as the euro zone debt crisis boosted the dollar and fear of another interest rate hikes in China stoked worries about demand from the world's top metals buyer as another rate hike will dampen the base metals further pushing their demands lower. Copper opened the week at $385.3 and shredded almost $13 to end the week at $373.8. It took a crucial support of $365.35 while its RSI is at 58.63. The three month copper at London metal exchange closed down at $8239 a tonne vs. $8340 and ran into its third consecutive weekly loss. Further trigger for copper will be the crucial Euro zone debt crisis and Chinas monetary action.

  • TECHNICAL

    WEEKLY PIVOT

    SCRIPT R4 R3 R2

    GOLD 1466 1432 1398

    OUTLOOK

    Trend:- Consolidate

    Resistance:- $1377

    Support:- $1339,131

    Strategy:- Buy on dips

    ECHNICAL VIEW GOLD

    R2 R1 P S1 S2

    1398 1381 1364 1347 1330

    Consolidate

    77,1401

    1317

    Buy on dips

    GOLD WEEKLY

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    S3 S4

    1296 1262

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    SILVER

    WEEKLY PIVOT

    SCRIPT R4 R3 R2 R1 P S1 S2 S3 S4

    SILVER 31.49 29.99 28.49 27.59 26.99 26.09 25.49 23.99 22.49

    OUTLOOK

    Trend:- Consolidate

    Resistance:- $27.85,29.34

    Support:- $25.85,24.95

    Strategy:- Buy on dips

    SILVER WEEKLY

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    CRUDE

    WEEKLY PIVOT

    SCRIPT R4 R3 R2 R1 P S1 S2 S3 S4

    CRUDE 95.6 91.4 87.1 85.4 82.7 81.2 78.6 74.3 70.1

    OUTLOOK

    Trend:- Consolidate

    Resistance:- $87.22,90.40

    Support:- $79.70,75.86

    Strategy:- Sell on highs

    CRUDE WEEKLY

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    NATURALGAS

    WEEKLY PIVOT

    SCRIPT R4 R3 R2 R1 P S1 S2 S3 S4

    NG 5.50 5.11 4.73 4.56 4.34 4.17 3.95 3.56 3.17

    OUTLOOK

    Trend:- Bullish

    Resistance:- $4.500,4.715

    Support:- $4.164,3.848

    Strategy:- Buy on dips

    NATURALGAS WEEKLY

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    COPPER

    WEEKLY PIVOT

    SCRIPT R4 R3 R2 R1 P S1 S2 S3 S4

    COPPER 439.6 418.2 396.8 385.3 375.4 363.9 354.1 332.6 311.2

    OUTLOOK

    Trend:- Consolidate

    Resistance:- $388,398

    Support:- $365,356

    Strategy:- Sell on highs

    COPPER WEEKLY

  • WEEKLY PIVOT

    SCRIPT R4 R3 R2

    INR 48.10 47.26 46.42

    OUTLOOK

    Trend:- Bullish

    Resistance:- `46.45

    Support:- `45.12,

    Strategy:- Buy on dips

    USD/INR

    R2 R1 P S1 S2

    46.42 46.12 45.58 45.28 44.74

    6.45,47.41

    ,44.06

    Buy on dips

    USD/INR WEEKLY

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    S3 S4

    43.90 43.06

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    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.

    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

    particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Capitalheight 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 stock price projections shown are not necessarily indicative of future price performance. The information 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

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    All Rights Reserved.

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