1. Daily Commodity Report
18th June 2012
MCX GOLD (4 AUGUST 12) - Gold opened lower at 30110. It
Gold Silver Crude
(4 Aug-12) (5 Jul-12) (19 Jul-12) moved lower to touch an intra-day low of 30108. However, it
managed to bounce back from lower levels. It touched an intra-day
Open 30,110 54,560 4,702 high of 30167. It ended the day with marginal gains to close at
High 30,167 54,589 4,722 30154.
Low 30,108 54,511 4,699
The RSI is placed above its average, which would lead to buying
Close 30,154 54,541 4,713 support at regular intervals. However, the Stochastic has slipped
below its average and is also placed in the over bought zone,
Prev. Close 30,125 54,554 4,711
which would lead to profit taking at regular intervals. The ADX line,
% Change 0.10% -0.02% 0.04% +DI line and -DI line are moving sideways, indicating a range
Source – MCX bound trend. MCX GOLD faces resistance at 30156, 30295 and
30500 while the supports are placed at 29668, 28859, 28765 and
Volume (In 000's)
27962 levels.
16/06/2012 15/06/2012 % Chg. MCX SILVER (5 JULY 12) - Silver opened higher at 54560. It
moved higher to touch an intra-day high of 54589. However, it
Gold (gms) 1,561.0 32,613.0 -95.21%
failed to sustain higher and moved lower. It touched an intra-day
Silver (kgs) 33.5 1,294.1 -97.41% low of 54511. It ended the day with marginal losses to close at
54541.
Crude (bbl) 149.1 2,483.4 -94.00%
Source – MCX The RSI and the Stochastic are placed below their respective
averages, which would lead to selling pressure. The ADX line, +DI
Turnover (In Lacs) line and the –DI line are moving sideways, indicating a range
bound trend. MCX Silver faces resistance at 55551, 56157, 57737,
16/06/2012 15/06/2012 % Chg.
61708 and 65159 while the supports are placed at 53818, 51029,
Gold 47,045.0 983,143.3 -95.21% and 50252 levels.
Silver 18,275.2 706,857.4 -97.41% MCX CRUDE (19 July 12) - Crude opened lower at 4702 level. It
Crude 7,028.9 117,427.5 -94.01% moved higher to touch an intra-day high of 4722. However, it failed
to sustain higher and moved lower. It touched an intra-day low of
Source – MCX 4699. It ended the day flat to close at 4713
Global Market (Nymex - $) The Stochastic has moved above its average. Moreover, the RSI is
18/06/2012 16/06/2012 % Chg. placed above its average and is still placed around the over sold
zone. These conditions would lead to short covering and buying
Gold (oz) 1,623.50 1,627.20 -0.23%
support at lower levels. The ADX line and –DI line are placed
Silver (oz) 28.44 28.73 -1.04% above the 37 level but both have started coming down indicating
Crude (bbl) 84.97 84.03 1.12% shorts are getting covered at regular intervals. It faces resistance at
4720, 4855, 4905 and 5000 while the supports are placed at 4624,
Dollar Index 81.38 81.63 -0.30%
4421, 4259 and 3723.
Source – www.cmegroup.com
Intra-day Resistance Intra-day Support
Commodities Close Pivot Point
R1 R2 R3 S1 S2 S3
CRUDE JUL 12 4713 4711 4724 4734 4757 4701 4688 4665
GOLD AUG 12 30154 30143 30178 30202 30261 30119 30084 30025
SILVER JUL 12 54541 54547 54583 54625 54703 54505 54469 54391
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2. US Economic Calendar:
Monday Tuesday Wednesday Thursday Monday
Jun 18 Jun 19 Jun 20 Jun 21 Jun 25
Housing Market Index Housing Starts FOMC Meeting Jobless Claims New Home Sales
Announcement
4-Week Bill FOMC Meeting FOMC Forecasts Existing Home Sales Chicago Fed National
Announcement Begins Activity Index
3-Month Bill Auction ICSC-Goldman Store EIA Petroleum Status EIA Natural Gas 4-Week Bill
Sales Report Report Announcement
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