Keynote commodity daily report 110512


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Keynote commodity daily report 110512

  1. 1. Daily Commodity Report 11th May 2012 MCX GOLD (5 JUNE 12) - Gold opened lower at 28640. It moved Gold Silver Crude (5 Jun-12) (5 Jul-12) (21 May-12) lower to touch an intra-day low of 28300. However, it managed to bounce back and move higher. It touched an intra-day high of Open 28,640 55,000 5,206 28640. It ended the day with moderate losses to close at 28446. High 28,640 55,000 5,209 The RSI and the Stochastic are placed below their respective Low 28,300 54,370 5,135 averages, which would lead to selling pressure. However, the Close 28,446 54,568 5,182 Stochastic is placed in the over sold zone, which would lead to short covering at regular intervals. The ADX line and the +DI line Prev. Close 28,678 55,159 5,213 are moving sideways but the -DI line is currently placed at 34.88 % Change -0.81% -1.07% -0.59% indicating sellers are gaining strength. MCX GOLD facesSource – MCX resistance at 28960, 29212 and 29433, while the supports are placed at 28084, 27557 and 26517 levels. Volume (In 000s) MCX SILVER (5 JULY 12) - Silver opened lower at 55000. 10/5/2012 9/5/2012 % Chg. Incidentally, this was the highest price for the day. It moved lower to touch an intra-day low of 54370. It ended the day with moderate Gold (gms) 33,980.0 45,200.0 -24.82% losses to close at 54568. Silver (kgs) 1,379.7 2,231.4 -38.17% The RSI and the Stochastic are placed below their respective Crude (bbl) 15,101.1 22,943.6 -34.18% averages. These conditions would lead to selling pressure. TheSource – MCX ADX line, –DI and +DI line are moving sideways, indicating a range bound trend. MCX Silver faces resistance at 55551, 56157, 57737, Turnover (In Lacs) 61708 and 65159 while the supports are placed at 51029, 50252 and 48562 levels. 10/5/2012 9/5/2012 % Chg.Gold 966,425.6 1,290,836.3 -25.13% MCX CRUDE (21 May 12) - Crude opened lower at 5206 level. It moved lower to touch an intra-day low of 5135. However, itSilver 753,904.4 1,220,099.9 -38.21% managed to bounce back and moved higher. It touched an intra-Crude 781,508.6 1,190,893.2 -34.38% day high of 5209. It ended the day with moderate losses to close at 5182.Source – MCX The RSI is placed below its average, which would lead to selling Global Market (Nymex - $) pressure. However, the Stochastic is placed above its average but 11/5/2012 10/5/2012 % Chg. is still placed in the over sold zone, while the RSI is on verge of moving in the over sold territory. These conditions would lead toGold (oz) 1,587.00 1,595.10 -0.51% short covering and buying at lower levels. The ADX line and +DISilver (oz) 28.87 29.15 -0.98% line are moving sideways. The -DI line is placed at 37.96 level and has come off the highs indicating sellers have started covering theirCrude (bbl) 96.00 97.08 -1.11% shorts at regular intervals. It faces resistance at 5264, 5392 andDollar Index 80.25 80.11 0.17% 5600, while the supports are placed at 5160, 5057 and 4905 levels.Source – Intra-day Resistance Intra-day Support Commodities Close Pivot Point R1 R2 R3 S1 S2 S3CRUDE MAY 12 5182 5175 5216 5249 5323 5142 5101 5027GOLD JUN 12 28446 28462 28624 28802 29142 28284 28122 27782SILVER JUL 12 54568 54646 54922 55276 55906 54292 54016 53386 Keynote Capitals Ltd. The Ruby, 9th Floor, Senapati Bapat Marg, Dadar (W), Mumbai – 400 028. Tel: 3026 6000. Fax: 3026 6088.
  2. 2. US Economic Calendar: Friday Monday Tuesday Wednesday Thursday May 11 May 14 May 15 May 16 May 17Producer Price Index 4-Week Bill Consumer Price Index Industrial Production Jobless Claims AnnouncementConsumer Sentiment 3-Month Bill Auction Retail Sales Data Housing Starts Bloomberg Consumer Comfort Index 6-Month Bill Auction Housing Market Index FOMC Minutes E-Commerce Retail Announcements Sales Keynote Capitals Ltd. The Ruby, 9th Floor, Senapati Bapat Marg, Dadar (W), Mumbai – 400 028. Tel: 3026 6000. Fax: 3026 6088.
  3. 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.