• Share
  • Email
  • Embed
  • Like
  • Save
  • Private Content
Keynote commodity daily report 180512
 

Keynote commodity daily report 180512

on

  • 279 views

 

Statistics

Views

Total Views
279
Views on SlideShare
279
Embed Views
0

Actions

Likes
0
Downloads
0
Comments
0

0 Embeds 0

No embeds

Accessibility

Upload Details

Uploaded via as Adobe PDF

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

    Keynote commodity daily report 180512 Keynote commodity daily report 180512 Document Transcript

    • Daily Commodity Report 18th May 2012 Gold Silver Crude MCX GOLD (5 JUNE 12) - Gold opened lower at 27990. (5 Jun-12) (5 Jul-12) (21 May-12) Incidentally, this was the lowest price for the day. It moved higher to touch an intra-day high of 28598. It ended the day with moderate Open 27,990 51,893 5,058 gains to close at 28527. High 28,598 53,608 5,106 Low 27,990 51,893 5,012 The RSI has moved above its average. Moreover, the Stochastic is already placed above its average. These conditions would lead to Close 28,527 53,134 5,032 buying support at regular intervals. The ADX line and the +DI line Prev. Close 27,962 51,559 5,048 are moving sideways but the -DI line has come off its recent highs % Change 2.02% 3.05% -0.32% indicating sellers have covered their shorts. MCX GOLD facesSource – MCX resistance at 28960, 29212 and 29433, while the supports are placed at 28084, 27855, 27557 and 26517 levels. Volume (In 000s) MCX SILVER (5 JULY 12) - Silver opened lower at 51893. 17/5/2012 16/5/2012 % Chg. Incidentally, this was the lowest price for the day. It moved higher Gold (gms) 53,354.0 53,502.0 -0.28% to touch an intra-day high of 53608. It ended the day with moderate gains to close at 53134. Silver (kgs) 2,980.6 3,228.6 -7.68% Crude (bbl) 19,942.4 24,370.2 -18.17% The RSI and the Stochastic have moved above their respectiveSource – MCX averages, which would lead to buying support. The ADX line and the +DI line are moving sideways but the -DI line has come off its Turnover (In Lacs) recent highs indicating sellers have covered their shorts. MCX Silver faces resistance at 55551, 56157, 57737, 61708 and 65159 17/5/2012 16/5/2012 % Chg. while the supports are placed at 51029, 50252 and 48562 levels.Gold 1,511,735.5 1,498,197.2 0.90% MCX CRUDE (21 May 12) - Crude opened higher at 5058 level ItSilver 1,574,338.9 1,689,815.3 -6.83% moved higher to touch an intra-day high of 5106. However, it failedCrude 1,009,756.1 1,231,415.0 -18.00% to sustain higher. It moved lower to touch an intra-day low of 5012.Source – MCX It ended the day with modest losses to close at 5032. Global Market (Nymex - $) The RSI and the Stochastic are placed below their respective averages, which would lead to selling pressure. But both are also 18/5/2012 17/5/2012 % Chg. placed in the over sold zone, which would lead to regular bouts ofGold (oz) 1,575.50 1,574.90 0.04% short covering at lower levels. The ADX line and the +DI line areSilver (oz) 28.02 28.00 0.06% moving sideways. The -DI line is placed at 36.22 level but has come off its recent highs indicating sellers are covering shorts atCrude (bbl) 92.68 92.56 0.13% regular intervals. It faces resistance at 5057, 5160, 5264 and 5392,Dollar Index 81.69 81.38 0.37% while the supports are placed at 5000, 4905 and 4722 levels.Source – www.cmegroup.com Intra-day Resistance Intra-day Support Commodities Close Pivot Point R1 R2 R3 S1 S2 S3CRUDE MAY 12 5032 5050 5088 5144 5238 4994 4956 4862GOLD JUN 12 28527 28372 28753 28980 29588 28145 27764 27156SILVER JUL 12 53134 52878 53864 54593 56308 52149 51163 49448 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: Monday Tuesday Wednesday Thursday Friday May 21 May 22 May 23 May 24 May 25Chicago Fed National Existing Home Sales New Home Sales Jobless Claims Consumer SentimentActivity Index4-Week Bill ICSC-Goldman Store EIA Petroleum Status Durable GoodsAnnouncement Sales Report Orders3-Month Bill Auction Richmond Fed MBA Purchase Bloomberg Consumer 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
    • 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