Keynote commodity daily report 170512
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Keynote commodity daily report 170512 Document Transcript

  • 1. Daily Commodity Report 17th May 2012 MCX GOLD (5 JUNE 12) - Gold opened lower at 28085. It moved Gold Silver Crude (5 Jun-12) (5 Jul-12) (21 May-12) higher to touch an intra-day high of 28193. However, it failed to sustain higher and moved lower. It touched an intra-day low of Open 28,085 52,819 5,074 27855. It ended the day with moderate losses to close at 27962. High 28,193 53,118 5,120 The RSI is placed below its average, which would lead to selling Low 27,855 51,201 5,003 pressure. However, the Stochastic is placed above its average. Close 27,962 51,559 5,048 Moreover, the RSI and Stochastic are placed in the over sold zone, which would lead to short covering and buying support at regular Prev. Close 28,126 52,957 5,083 intervals. The ADX line and the +DI line are moving sideways but % Change -0.58% -2.64% -0.69% the -DI line is moving higher and is placed at 38.93 level indicatingSource – MCX sellers are gaining strength. MCX GOLD faces resistance at 28084, 28960, 29212 and 29433, while the supports are placed at Volume (In 000s) 27855, 27557 and 26517 levels. 16/5/2012 15/5/2012 % Chg. MCX SILVER (5 JULY 12) - Silver opened lower at 52819. It moved higher to touch an intra-day high of 53118. However, it Gold (gms) 53,502.0 37,497.0 42.68% failed to sustain higher. It moved lower to touch an intra-day low of Silver (kgs) 3,228.6 2,153.2 49.94% 51201. It ended the day with large losses to close at 51559. Crude (bbl) 24,370.2 19,528.1 24.80% The RSI and the Stochastic are placed below their respectiveSource – MCX averages, which would lead to selling pressure. However, the Stochastic and RSI are also placed in the over sold zone, which Turnover (In Lacs) would lead to short covering at regular intervals. The ADX line and the +DI line are moving sideways but the -DI line is moving higher 16/5/2012 15/5/2012 % Chg. and is placed at 45.33 level indicating sellers are gaining strength.Gold 1,498,197.2 1,053,556.0 42.20% MCX Silver faces resistance at 55551, 56157, 57737, 61708 and 65159 while the supports are placed at 51029, 50252 and 48562Silver 1,689,815.3 1,144,398.3 47.66% levels.Crude 1,231,415.0 996,408.0 23.59% MCX CRUDE (21 May 12) - Crude opened lower at 5074 level ItSource – MCX moved higher to touch an intra-day high of 5120. However, it failed to sustain higher. It moved lower to touch an intra-day low of 5003. Global Market (Nymex - $) It ended the day with moderate losses to close at 5048. 17/5/2012 16/5/2012 % Chg. The RSI and the Stochastic are placed below their respectiveGold (oz) 1,545.40 1,536.60 0.57% averages, which would lead to selling pressure. But both are alsoSilver (oz) 27.21 27.17 0.13% placed in the over sold zone, which would lead to short covering at lower levels. The ADX line and the +DI line are moving sideways.Crude (bbl) 93.15 92.81 0.37% The -DI line is placed at 39.51 level indicating sellers have anDollar Index 81.26 81.37 -0.14% upper hand. It faces resistance at 5057, 5160, 5264 and 5392,Source – www.cmegroup.com while the supports are placed at 5000, 4905 and 4722 levels. Intra-day Resistance Intra-day Support Commodities Close Pivot Point R1 R2 R3 S1 S2 S3CRUDE MAY 12 5048 5057 5111 5174 5291 4994 4940 4823GOLD JUN 12 27962 28003 28152 28341 28679 27814 27665 27327SILVER JUL 12 51559 51959 52718 53876 55793 50801 50042 48125 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: Thursday Monday Tuesday Wednesday Thursday May 17 May 21 May 22 May 23 May 24Jobless Claims Chicago Fed National Existing Home Sales New Home Sales Jobless Claims Activity IndexBloomberg Consumer 4-Week Bill ICSC-Goldman Store EIA Petroleum Status Durable GoodsComfort Index Announcement Sales Report OrdersE-Commerce Retail 3-Month Bill Auction Richmond Fed MBA Purchase Bloomberg ConsumerSales Manufacturing Index Applications Comfort Index 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