Keynote commodity daily report 150612

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Keynote commodity daily report 150612

  1. 1. Keynote Capitals Ltd. The Ruby, 9th Floor, Senapati Bapat Marg, Dadar (W), Mumbai – 400 028. Tel: 3026 6000. Fax: 3026 6088. www.keynotecapitals.com 15th June 2012 Gold (4 Aug-12) Silver (5 Jul-12) Crude (19 Jun-12) Open 30,080 55,131 4,630 High 30,236 55,361 4,678 Low 29,985 53,951 4,601 Close 30,113 54,441 4,663 Prev. Close 30,036 55,015 4,637 % Change 0.26% -1.04% 0.56% Source – MCX Volume (In 000's) 14/06/2012 13/06/2012 % Chg. Gold (gms) 41,277.0 42,299.0 -2.42% Silver (kgs) 2,017.8 1,633.2 23.55% Crude (bbl) 20,595.4 24,382.4 -15.53% Source – MCX Turnover (In Lacs) 14/06/2012 13/06/2012 % Chg. Gold 1,243,598.2 1,270,807.1 -2.14% Silver 1,103,821.4 899,882.3 22.66% Crude 953,147.4 1,129,485.8 -15.61% Source – MCX Global Market (Nymex - $) 15/06/2012 14/06/2012 % Chg. Gold (oz) 1,625.20 1,618.40 0.42% Silver (oz) 28.48 28.40 0.28% Crude (bbl) 84.60 83.91 0.82% Dollar Index 81.80 81.61 0.23% Source – www.cmegroup.com MCX GOLD (4 AUGUST 12) - Gold opened higher at 30080. It moved higher to touch an intra-day high of 30236. However, it failed to sustain and moved lower. It touched an intra-day low of 29985. It ended the day with modest gains to close at 30113. The RSI and the Stochastic are placed above their respective averages, which would lead to buying support at regular intervals. However, the Stochastic is also placed in the over bought zone, which would lead to profit taking at regular intervals. The ADX line and -DI line are moving sideways. The +DI line has moved below the 30 level indicating buyers have started booking profits at higher levels. MCX GOLD faces resistance at 30156, 30295 and 30500 while the supports are placed at 29668, 28859, 28765 and 27962 levels. MCX SILVER (5 JULY 12) - Silver opened lower at 55131. It moved higher to touch an intra-day high of 55361. However, it failed to sustain higher and moved lower. It touched an intra-day low of 53951. It ended the day with moderate losses to close at 54441. The RSI has slipped below its average, which would lead to selling pressure. However, the Stochastic is still placed above its average, which would lead to buying support at regular intervals. The ADX line, +DI line and the –DI line are moving sideways, indicating a range bound trend. MCX Silver faces resistance at 55551, 56157, 57737, 61708 and 65159 while the supports are placed at 53818, 51029, and 50252 levels. MCX CRUDE (19 June 12) - Crude opened lower at 4630 level. It moved lower to touch an intra-day low of 4601. However, it managed to bounce back from lower levels to move higher. It touched an intra-day high of 4678. It ended the day with moderate gains to close at 4663. The Stochastic is placed below its average and would lead to selling pressure. However, the RSI is placed above its average and is still placed around the over sold zone, which would lead to short covering and buying support at lower levels. The ADX line and –DI line are placed above the 38 level but both have started coming down indicating shorts are getting covered at regular intervals. It faces resistance at 4720, 4855, 4905 and 5000 while the supports are placed at 4624, 4421, 4259 and 3723. Commodities Close Pivot Point Intra-day Resistance Intra-day Support R1 R2 R3 S1 S2 S3 CRUDE JUN 12 4663 4647 4694 4724 4801 4617 4570 4493 GOLD AUG 12 30113 30111 30238 30362 30613 29987 29860 29609 SILVER JUL 12 54441 54584 55218 55994 57404 53808 53174 51764 Daily Commodity Report
  2. 2. Keynote Capitals Ltd. The Ruby, 9th Floor, Senapati Bapat Marg, Dadar (W), Mumbai – 400 028. Tel: 3026 6000. Fax: 3026 6088. www.keynotecapitals.com US Economic Calendar: Friday Jun 15 Monday Jun 18 Tuesday Jun 19 Wednesday Jun 20 Thursday Jun 21 Industrial Production Housing Market Index Housing Starts FOMC Meeting Announcement Jobless Claims Consumer Sentiment 4-Week Bill Announcement FOMC Meeting Begins FOMC Forecasts Existing Home Sales Empire State Mfg Survey 3-Month Bill Auction ICSC-Goldman Store Sales EIA Petroleum Status Report EIA Natural Gas Report
  3. 3. Keynote Capitals Ltd. The Ruby, 9th Floor, Senapati Bapat Marg, Dadar (W), Mumbai – 400 028. Tel: 3026 6000. Fax: 3026 6088. www.keynotecapitals.com Disclaimer This document is not for public distribution and has been furnished to you solely for your information and must not be reproduced or redistributed 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 not to 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 solicitation would be illegal. It is for the general information of clients of Keynote Capitals Ltd. It does not constitute a personal recommendation or take 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 or completeness cannot be guaranteed. Neither Keynote Capitals Ltd., nor any person connected with it, accepts any liability arising from the use of this document. The recipients of this material should rely on their own investigations and take their own professional advice. Price and 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 - involve substantial risk and are not suitable for all investors. Reports based on technical analysis centers on studying charts of a stock’s price movement and trading volume, as opposed to focusing on a company’s fundamentals and as such, may not match with a report on a company’s fundamentals. Opinions expressed are our current opinions as of the date appearing on this material only. While we endeavor to update on a reasonable basis 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 change without notice. Our proprietary trading and investment businesses may make investment decisions that are inconsistent with the recommendations 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 or sell the securities thereof, of company (ies) mentioned herein or (b) be engaged in any other transaction involving such securities and earn brokerage or other compensation or act as a market maker in the financial instruments of the company (ies) discussed herein or act as advisor or lender / borrower to such company (ies) or have other potential conflict of interest with respect to any recommendation and related 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 the subject company or companies and its or their securities, and no part of his or her compensation was, is or will be, directly or indirectly related 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.

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