1. Daily Commodity Report
22nd December 2011
MCX GOLD (FEB 12) - Gold opened higher at 27920. It moved
Gold Silver Crude
(4 Feb-12) (5 Mar-12) (19 Jan-12)
higher during the day to touch an intra-day high of 28106. However,
Gold failed to sustain at higher levels and selling pressure was
Open 27,920 53,519 5,160 witnessed in the evening trade. It touched an intra-day low of
High 28,106 54,184 5,242 27733. It ended the day with modest losses to close at 27809.
Low 27,733 52,937 5,125 The RSI remains placed below its average, which would lead to
Close 27,809 53,148 5,214 selling pressure at higher levels. However, the Stochastic is placed
above its average, which would lead to buying support at lower
Prev. Close 27,867 53,487 5,153
levels. The ADX and +DI are moving sideways, while -DI line is
% Change -0.21% -0.63% 1.18% placed at 32.13, indicating sellers have an upper hand. MCX GOLD
faces resistance at 27954, 28152, 28960 and 29212, while the
Source – MCX
supports are placed at 26347, 25500 and 24992 levels.
Volume (In 000's)
MCX SILVER (MAR 12) - Silver opened lower at 53519. It moved
21/12/2011 20/12/2011 % Chg. higher during the afternoon session to touch an intra-day high of
54184. However, it failed to sustain due to selling pressure in the
Gold (gms) 51,102.0 36,711.0 39.20% evening session and touched an intra-day low of 52937. It ended
Silver (kgs) 2,278.5 1,653.8 37.78% the day with moderate losses to close at 53148.
Crude (bbl) 24,299.6 20,207.2 20.25%
The RSI remains placed below its average, which would lead to
Source – MCX further selling pressure. However, the Stochastic is placed above its
average and is also placed near the over sold zone, which would
Turnover (In Lacs) lead to intermediate bouts of short covering and buying support at
lower levels. The ADX and +DI are moving sideways, while -DI line
21/12/2011 20/12/2011 % Chg. has witnessed is placed at 32.25, indicating sellers have an upper
Gold 1,425,996.0 1,020,621.9 39.72%
hand. MCX Silver faces resistance at 54754, 61708, 61884 and
64605 levels, while the supports are placed at 52725, 52365, 51226
Silver 1,218,745.3 880,475.3 38.42% and 50223 levels.
Crude 1,258,621.4 1,031,084.5 22.07%
MCX CRUDE (JAN 12) - Crude opened higher at 5160 level. It
Source – MCX moved lower during the day to touch an intra-day low of 5125 but
managed to bounce back due to short covering and buying support.
Global Market (Nymex - $) It touched an intra-day high of 5242. It ended the day with moderate
gains to close at 5214.
22/12/2011 21/12/2011 % Chg.
Gold (oz) 1,610.00 1,612.40 -0.15% The RSI and the Stochastic are placed above their respective
average, which would lead to buying support. The ADX and -DI line
Silver (oz) 29.04 29.20 -0.57%
are moving sideways, while the +DI line is moving higher and is
Crude (bbl) 98.89 98.67 0.22% placed at 36.55 indicating buyers have an upper hand. It faces
Dollar Index 79.69 79.83 -0.18% resistance at 5342, 5360 and 5380 levels, while the supports are
placed at 5200, 5174, 5115 and 5008 levels.
Source – www.cmegroup.com
Intra-day Resistance Intra-day Support
Commodities Close Pivot Point R1 R2 R3 S1 S2 S3
CRUDE JAN 12 5214 5194 5262 5311 5428 5145 5077 4960
GOLD FEB 12 27809 27883 28032 28256 28629 27659 27510 27137
SILVER MAR 12 53148 53423 53909 54670 55917 52662 52176 50929
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2. US Economic Calendar:
Thursday Friday Tueday Wednesday Thursday
Dec. 22 Dec. 23 Dec. 27 Dec. 28 Dec. 29
EIA Petroleum Status
GDP Data Durable Goods Orders Consumer Confidence Jobless Claims Data
Report
State Street Investor Bank Reserve Pending Home Sales
Jobless Claims Data New Home Sales
Confidence Index Settlement Index
Personal Income and ICSC-Goldman Store MBA Purchase
Consumer Sentiment Money Supply Data
Outlays Sales Applications
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