Keynote commodity daily report 310512

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Keynote commodity daily report 310512

  1. 1. Daily Commodity Report 31st May 2012 MCX GOLD (5 JUNE 12) - Gold opened lower at 28845. It moved Gold Silver Crude (5 Jun-12) (5 Jul-12) (19 Jun-12) lower to touch an intra-day low of 28755. However, it managed a bounce back and moved higher to touch an intra-day high of 29154. Open 28,845 53,900 5,098 It ended the day with moderate gains to close at 29117. High 29,154 54,578 5,098 The RSI has moved above its average. Moreover, the Stochastic Low 28,755 53,560 4,952 has remains placed above its average. These positive conditions Close 29,117 54,483 4,962 would lead to further buying support. The ADX line, the –DI line and the +DI line are moving sideways, indicating a range bound trend. Prev. Close 28,859 53,964 5,097 MCX GOLD faces resistance at 29212, 29433 and 30000 while the % Change 0.89% 0.96% -2.65% supports are placed at 28960, 28084, 27855, 27557 and 26517Source – MCX levels. Volume (In 000s) MCX SILVER (5 JULY 12) - Silver opened lower at 53900. It moved lower to touch an intra-day low of 53560. However, it 30/5/2012 29/5/2012 % Chg. managed a bounce back and moved higher to touch an intra-day high of 54578. It ended the day with moderate gains to close at Gold (gms) 38,733.0 39,300.0 -1.44% 54483. Silver (kgs) 2,619.7 2,473.4 5.91% The RSI has moved above its average, which would lead to buying Crude (bbl) 22,916.0 19,189.5 19.42% support. However, the Stochastic has remains placed above itsSource – MCX average. and the Stochastic remains placed below its average, which would lead to selling pressure especially at higher levels. The Turnover (In Lacs) ADX line, the +DI line and the –DI line are moving sideways, indicating a range bound trend. MCX Silver faces resistance at 30/5/2012 29/5/2012 % Chg. 55551, 56157, 57737, 61708 and 65159 while the supports areGold 1,119,918.9 1,140,303.5 -1.79% placed at 51029, 50252 and 48562 levels.Silver 1,413,314.6 1,345,900.8 5.01% MCX CRUDE (19 June 12) - Crude opened higher at 5098 level.Crude 1,151,144.3 978,948.0 17.59% Incidentally this was the highest price for the day. It moved lower to touch an intra-day low of 4952. It ended the day with large losses toSource – MCX close at 4962. Global Market (Nymex - $) The RSI has slipped below its average. Moreover, the Stochastic is 31/5/2012 30/5/2012 % Chg. placed below its average. These negative conditions would lead to selling pressure. However, the Stochastic is placed in the over soldGold (oz) 1,561.40 1,563.40 -0.13% zone, which would lead to short covering at lower levels. The ADXSilver (oz) 27.83 27.96 -0.49% line and –DI line are trending up and are placed above the 30 levelCrude (bbl) 87.51 87.82 -0.35% indicating sellers have an upper hand. While the +DI line is moving lower. It faces resistance at 5000, 5058, 5160 and 5264 while theDollar Index 83.00 83.02 -0.02% supports are placed at 4905, 4855 and 4710 levels.Source – www.cmegroup.com Intra-day Resistance Intra-day SupportCommodities Close Pivot Point R1 R2 R3 S1 S2 S3CRUDE JUN 12 4962 5004 5056 5150 5296 4910 4858 4712GOLD JUN 12 29117 29009 29262 29408 29807 28863 28610 28211SILVER JUL 12 54483 54207 54854 55225 56243 53836 53189 52171 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. 2. US Economic Calendar: Thursday Friday Monday Tuesday Wednesday May 31 Jun 01 Jun 04 Jun 05 Jun 06GDP Data Employment Situation Factory Orders ISM Non-Mfg Index Productivity and Costs DataJobless Claims Personal Income and 4-Week Bill ICSC-Goldman Store EIA Petroleum Status Outlays Announcement Sales ReportADP Employment Construction 6-Month Bill Auction 4-Week Bill Auction MBA PurchaseReport Spending Applications 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. 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

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