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Keynote commodity daily report 040512
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Keynote commodity daily report 040512

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  • 1. Daily Commodity Report 4th May 2012 MCX GOLD (5 JUNE 12) - Gold opened higher at 29219. It Gold Silver Crude (5 Jun-12) (5 Jul-12) (21 May-12) moved higher to touch an intra-day high of 29269 level. However, it failed to sustain higher. It moved lower to touch an intra-day low Open 29,219 56,705 5,599 of 29114. It ended the day flat to close at 29197. High 29,269 56,836 5,629 The Stochastic is placed below its average and is still placed in Low 29,114 56,223 5,516 the over bought zone. More so the RSI is also placed in the over Close 29,197 56,457 5,523 bought zone. These conditions would lead to regular bouts of profit taking and selling pressure. However, the RSI is placed Prev. Close 29,193 56,746 5,596 above its average, which would lead to buying support at lower % Change 0.01% -0.51% -1.30% levels. The ADX line, +DI line and the -DI line are moving sideways. The +DI line has slipped below the 30 level indicatingSource – MCX buyers have booked profits. MCX GOLD faces resistance at 29212 and 29433, while the supports are placed at 28960, 28084, Volume (In 000s) 27557, 26517 and 26347 levels. 3/5/2012 2/5/2012 % Chg. MCX SILVER (5 JULY 12) - Silver opened lower at 56705. It Gold (gms) 32,257.0 29,496.0 9.36% moved higher to touch an intra-day high of 56836 level. However, it failed to sustain higher. It moved lower to touch an intra-day low Silver (kgs) 1,502.4 1,404.2 7.00% of 56223. It ended the day with moderate losses to close at Crude (bbl) 14,640.9 11,185.5 30.89% 56457.Source – MCX The RSI and the Stochastic are placed below their respective averages. These conditions would lead to selling pressure. Turnover (In Lacs) However, the Stochastic has moved in the over sold zone, which 3/5/2012 2/5/2012 % Chg. would lead to short covering at lower levels. The ADX line and +DI line are moving sideways, but –DI line is placed above the 30Gold 941,461.1 860,649.4 9.39% level indicating sellers are gaining strength. MCX Silver facesSilver 850,478.7 797,226.5 6.68% resistance at 57737, 61708 and 65159 while the supports are placed at 56157, 55551, 51029, 50252 and 48562 levels.Crude 815,646.5 626,688.9 30.15% MCX CRUDE (19 May 12) - Crude opened higher at 5599 level. ItSource – MCX moved higher to touch an intra-day high of 5629 level. However, it failed to sustain higher and moved lower to touch an intra-day low Global Market (Nymex - $) of 5523. It ended the day with high losses to close at 5523. 4/5/2012 3/5/2012 % Chg. The RSI has slipped below its average. The Stochastic is alreadyGold (oz) 1,636.20 1,634.20 0.12% placed below its average, which would lead to profit taking andSilver (oz) 30.12 29.98 0.45% selling pressure. The ADX line, +DI line and –DI line are moving sideways. The +DI line has slipped below the 30 level indicatingCrude (bbl) 102.68 102.54 0.14% buyers have booked profits. It faces resistance at 5550, 5608,Dollar Index 79.18 79.22 -0.06% 5635 and 5650 while the supports are placed at 5512, 5498 and 5403 levels.Source – www.cmegroup.com Intra-day Resistance Intra-day Support Commodities Close Pivot Point R1 R2 R3 S1 S2 S3CRUDE MAY 12 5523 5556 5596 5669 5782 5483 5443 5330GOLD JUN 12 29197 29193 29273 29348 29503 29118 29038 28883SILVER JUL 12 56457 56505 56788 57118 57731 56175 55892 55279 Keynote Capitals Ltd. The Ruby, 9th Floor, Senapati Bapat Marg, Dadar (W), Mumbai – 400 028. Tel: 3026 6000. Fax: 3026 6088. www.keynotecapitals.com
  • 2. US Economic Calendar: Friday Monday Tuesday Wednesday Thursday May 04 May 7 May 08 May 09 May 10Employment Situation Consumer Credit NFIB Small Business EIA Petroleum Status Jobless Claims Optimism Index ReportMonster Employment 3-Month Bill Auction ICSC-Goldman Store Wholesale Trade Data International TradeIndex Sales 6-Month Bill Auction 3-Yr Note Auction EIA Petroleum Status Import and Export Report Prices Keynote Capitals Ltd. The Ruby, 9th Floor, Senapati Bapat Marg, Dadar (W), Mumbai – 400 028. Tel: 3026 6000. Fax: 3026 6088. www.keynotecapitals.com
  • 3. DisclaimerThis document is not for public distribution and has been furnished to you solely for your information and must not be reproduced orredistributed to any other person. Persons into whose possession this document may come are required to observe these restrictions.This material is for the personal information of the authorized recipient, and we are not soliciting any action based upon it. This report is notto be construed as an offer to sell or the solicitation of an offer to buy any security in any jurisdiction where such an offer or solicitationwould be illegal. It is for the general information of clients of Keynote Capitals Ltd. It does not constitute a personal recommendation ortake into account the particular investment objectives, financial situations, or needs of individual clients.We have reviewed the report, and in so far as it includes current or historical information, it is believed to be reliable though its accuracy orcompleteness cannot be guaranteed. Neither Keynote Capitals Ltd., nor any person connected with it, accepts any liability arising from theuse of this document. The recipients of this material should rely on their own investigations and take their own professional advice. Priceand value of the investments referred to in this material may go up or down. Past performance is not a guide for future performance.Certain transactions -including those involving futures, options and other derivatives as well as non-investment grade securities - involvesubstantial risk and are not suitable for all investors. Reports based on technical analysis centers on studying charts of a stock’s pricemovement and trading volume, as opposed to focusing on a company’s fundamentals and as such, may not match with a report on acompany’s fundamentals.Opinions expressed are our current opinions as of the date appearing on this material only. While we endeavor to update on a reasonablebasis the information discussed in this material, there may be regulatory, compliance, or other reasons that prevent us from doing so.Prospective investors and others are cautioned that any forward-looking statements are not predictions and may be subject to changewithout notice. Our proprietary trading and investment businesses may make investment decisions that are inconsistent with therecommendations expressed herein.We and our affiliates, officers, directors, and employees world wide may: (a) from time to time, have long or short positions in, and buy orsell the securities thereof, of company (ies) mentioned herein or (b) be engaged in any other transaction involving such securities and earnbrokerage or other compensation or act as a market maker in the financial instruments of the company (ies) discussed herein or act asadvisor or lender / borrower to such company (ies) or have other potential conflict of interest with respect to any recommendation andrelated information and opinions.The analyst for this report certifies that all of the views expressed in this report accurately reflect his or her personal views about thesubject company or companies and its or their securities, and no part of his or her compensation was, is or will be, directly or indirectlyrelated to specific recommendations or views expressed in this report.No part of this material may be duplicated in any form and/or redistributed without Keynote Capitals Ltd’s., prior written consent. Keynote Capitals Ltd. The Ruby, 9th Floor, Senapati Bapat Marg, Dadar (W), Mumbai – 400 028. Tel: 3026 6000. Fax: 3026 6088. www.keynotecapitals.com

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