1. Daily Commodity Report
27th February 2012
MCX GOLD (APRIL 12) - Gold opened lower at 28630. It moved
Gold Silver Crude
(5 Apr-12) (5 Mar-12) (19 Mar-12)
lower to touch an intraday low of 28629. However, it managed to
move higher and touched an intra-day high of 28686. It ended the
Open 28,630 58,414 5,387 day flat to close at 28664.
High 28,686 58,487 5,410
The Stochastic has slipped below its average and is placed in the
Low 28,629 58,364 5,387 over bought zone, which would lead to profit taking at regular
Close 28,664 58,435 5,406 intervals. However, the RSI remains placed above its average,
which would lead to buying support at lower levels. The ADX line, -
Prev. Close 28,669 58,404 5,372
DI line are moving sideways, however, +DI line is placed above the
% Change -0.02% 0.05% 0.63% 30.63 level indicating buyers are gaining strength. MCX GOLD
faces resistance at 28960, 29212 and 29433, while the supports are
Source – MCX
placed at 27557, 26347 and 25500 levels.
Volume (In 000's)
MCX SILVER (MARCH 12) - Silver opened higher at 58414. It
23/2/2012 22/2/2012 % Chg. moved lower to touch an intraday low of 58364. However, it
managed to move higher and touched an intra-day high of 58487. It
Gold (gms) 1,515.0 40,181.0 -96.23%
ended the day flat to close at 58435.
Silver (kgs) 52.2 2,883.3 -98.19%
Crude (bbl) 1,177.2 14,880.0 -92.09%
The RSI remains placed above its average, which would lead to
buying support at lower levels. However, the Stochastic has slipped
Source – MCX below its average and is placed in the over bought zone along with
RSI, which would lead to profit taking at regular intervals. The ADX
Turnover (In Lacs) line and -DI line are moving sideways, however, +DI line is placed
at 34.89 level indicating buyers are gaining strength. MCX Silver
23/2/2012 22/2/2012 % Chg.
faces resistance at 61708, 65159 and 66261 while the supports are
Gold 43,414.1 1,158,188.4 -96.25% placed at 56157, 51029 and 50252 levels.
Silver 30,525.7 1,669,507.8 -98.17% MCX CRUDE (MARCH 12) - Crude opened higher at 5387 level. It
Crude 63,548.5 782,559.3 -91.88% moved lower to touch an intraday low of 5387. However, it managed
to move higher and touched an intra-day high of 5410. It ended the
Source – MCX day with moderate gains to close at 5406.
Global Market (Nymex - $) The RSI and Stochastic are placed above their respective averages,
24/2/2012 23/2/2012 % Chg. which would lead to regular bouts of buying support at lower levels.
However, both RSI and Stochastic are placed in the over bought
Gold (oz) 1,777.00 1,776.40 0.03%
zone, which would lead to regular bouts of profit taking and selling
Silver (oz) 35.59 35.42 0.48% pressure. The –DI line is moving sideways, but the ADX line, and
Crude (bbl) 109.46 109.77 -0.28%
+DI line are placed above 30 level indicating buyers are gaining
strength. It faces resistance at 5436, 5462 and 5498 while the
Dollar Index 78.44 78.40 0.05% supports are placed at 5150, 5095, 4905 and 4727 levels.
Source – www.cmegroup.com
Intra-day Resistance Intra-day Support
Commodities Close Pivot Point R1 R2 R3 S1 S2 S3
CRUDE MAR 12 5406 5401 5415 5424 5447 5392 5378 5355
GOLD APR 12 28664 28660 28690 28717 28774 28633 28603 28546
SILVER MAR 12 58435 58429 58493 58552 58675 58370 58306 58183
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2. US Economic Calendar:
Monday Tuesday Wednesday Thursday Monday
Feb. 27 Feb. 28 Feb. 29 Mar. 01 Mar. 05
Pending Home Sales Durable Goods Orders GDP Data Jobless Claims Factory Orders
Index
Dallas Fed Mfg Survey Consumer Confidence EIA Petroleum Status Personal Income and Non-Manufacturing
Report Outlays Index
4-Week Bill S&P Case-Shiller HPI Ben Bernanke Speech Construction Spending 3-month, 6-month bill
Announcement auction
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