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Gold lost 1.5 percent on Thursday, set to post its biggest one-day loss in about six weeks, as investors sold bullion to cover hefty losses in equity and other commodity markets. Copper fell on Thursday after weak Chinese import data cast doubt on demand from the world's top consumer of the metal and data showed jobless claims in the United States rose more than expected.
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Phone- (0731)4295950
MARKET WRAP
Gold falls 1.5 pct as oil, equity markets tumble
Copper falls on demand concerns
U.S. jobless claims rise 26,000 last week
U.S. dollar index up versus Euro
Base metals tumbles on Thursday
Oil falls and made new low of 100.5$
Gold lost 1.5 percent on Thursday, set to post its biggest one-day loss in about six
weeks, as investors sold bullion to cover hefty losses in equity and other commodity
markets. Copper fell on Thursday after weak Chinese import data cast doubt on
demand from the world's top consumer of the metal and data showed jobless claims in
the United States rose more than expected.
ECONOMIC CALENDAR
Date Time Currency Economic Data Forecast Previous
Fri Mar 11
12:30am USD Federal Budget Balance -232.1B -49.8B
7:00pm USD Core Retail Sales m/m 0.7% 0.3%
7:00pm USD Retail Sales m/m 0.8% 0.3%
7:00pm USD FOMC Member Dudley Speaks
8:25pm USD Prelim UoM Consumer Sentiment
77.0 77.5
8:25pm USD Prelim UoM Inflation Expectations
3.4%
8:30pm USD Business Inventories m/m 0.6% 0.8%
TECHNICAL
GOLD(APR)
COPPER(APR)
NATURALGAS(MAR)
ZINC(MAR)
• Consolidate
• Buy on dips
Trend
Strategy• R2 -21180
• R1 -20970Resistance
• S1 -20730
• S2 -20550support
• Consolidate
• Sell on high
Trend
Strategy
• R2 - 435
• R1 - 427Resistance
• S1 - 415
• S2 - 407support
• Consolidate
• Sell on high
Trend
Strategy
•R2 - 191
•R1 - 183Resistance
•S1 - 171
•S2 - 163support
• Consolidate
• Sell on high
Trend
Strategy
•R2 - 107.5
•R1 - 104.9Resistance
•S1 - 101.2
•S2 - 98.3support
ECHNICAL VIEW
SILVER(MAY
CRUDE(MAR
) LEAD(MAR
NICKEL(MAR
• Consolidate
• Buy on dips
Trend
Strategy
• R2 - 54650
• R1 - 53550Resistance
• S1 - 52150
• S2 - 51200support
• Consolidate
• Buy on dips
Trend
Strategy• R2 - 4750
• R1 - 4660Resistance
• S1 - 4560
• S2 - 4490support
• Consolidate
• Sell on high
Trend
Strategy• R2 - 117.5
• R1 - 113.7Resistance
• S1 - 110.2
•S2 - 108.3support
• Consolidate
• Sell on high
Trend
Strategy
•R2 - 1255
•R1 - 1217Resistance
•S1 - 1165
•S2 - 1135support
www.capitalheight.com
Phone- (0731)4295950
MAY)
CRUDE(MAR)
LEAD(MAR)
NICKEL(MAR)
Consolidate
Buy on dips
54650
53550
52150
51200
Consolidate
Buy on dips
4750
4660
4560
4490
Consolidate
Sell on high
117.5
113.7
110.2
108.3
Consolidate
Sell on high
1255
1217
1165
1135
ALUMINIUM(MAR)
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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 sui
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
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 shal
not be responsible for any transaction conducted based on the information given in this report, which is in violation of rule
and regulations of MCX and NCDEX.
The metals 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
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 own
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
whatsoever for any financial profits or loss which may arise from the recommendations above.
purport to be an invitation or an offer to buy or sell any
anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone
which is received directly or indirectly by them. If found so
• Consolidate
• Buy on dips
Trend
Strategy
•R2 - 118.7
•R1 - 116.5Resistance
•S1 - 114.2
•S2 - 111.5support
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 sui
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
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 shal
not be responsible for any transaction conducted based on the information given in this report, which is in violation of rule
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 Ca
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 own
can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer.
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 the recommendations above. Capitalheight
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
which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.
www.capitalheight.com
Phone- (0731)4295950
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
Sincere efforts have been made to present the right investment perspective. The information contained herein is based on
The information given herein should be treated as only factor, while making investment decision. The report does not
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
price projections shown are not necessarily indicative of future price performance. The information herein,
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
can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer.
we are not responsible for any loss incurred
Capitalheight does not
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