Keynote commodity daily report for 280213

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Keynote commodity daily report for 280213

  1. 1. Daily Commodity Report 28th February 2013 Gold Silver Crude MCX GOLD (5 APRIL 13) – 27-Feb-13 Expiry 5-Apr-13 5-Mar-13 19-Mar-13 Gold opened lower at 30030. Incidentally, this was the highest Open 30,030 54,500 5,019 price recorded for the day. It moved lower to touch an intra-day low of 29716. It ended the day with moderate losses to close at 29743. High 30,030 54,500 5,035 The RSI and the Stochastic are placed above their respective Low 29,716 53,680 4,986 averages, which would lead to buying support. Though the –DI line Close 29,743 53,786 5,007 and ADX line are placed above the +DI line and are also placed above the 29 level, these are falling and have come off their recent Prev. Close 30,092 54,582 5,028 highs, indicating sellers are covering shorts regularly. MCX Gold % Change -1.16% -1.46% -0.42% faces resistance at 30000, 30150, 30475, and 30916 while theSource – MCX support levels are placed at 29500, 29142 and 28765. MCX SILVER (5 MARCH 13) – Volume (In 000s) 27-Feb-13 26-Feb-13 % Chg. Silver opened lower at 54500 Incidentally, this was the highest price recorded for the day. It moved lower to touch an intra-day low Gold (gms) 38,917.0 56,840.0 -31.53% of 53680. It ended the day with moderate losses to close at 53786. Silver (kgs) 1,644.8 2,456.2 -33.03% The RSI and the Stochastic are placed above their respective Crude (bbl) 19,714.2 22,687.4 -13.11% averages, which would lead to buying support. Though the –DI line and ADX line are placed above the +DI line and are also placedSource – MCX above the 30 level, these are falling and have come off their recent highs, indicating sellers are covering shorts regularly. MCX Silver Turnover (In Lacs) faces resistance at 55952, 56372, and 56613 while the supports 27-Feb-13 26-Feb-13 % Chg. are placed at 53621, 52622 and 51660 levels.Gold 1,162,454.2 1,695,381.1 -31.43% MCX CRUDE (19 MARCH 13) –Silver 888,884.5 1,326,949.2 -33.01% Crude opened lower at 5019 and moved further lower to touch anCrude 987,782.2 1,141,064.3 -13.43% intra-day low of 4986. However, it managed to bounce back fromSource – MCX lows for the day. It moved higher to touch an intra-day high of 5035. It still ended the day with modest losses to close the day at Global Market (Nymex - $) 5007. 27/02/201 26/02/201 % The RSI is placed below its average, which would lead to selling 3 3 Chg. pressure. However, the Stochastic is placed above its average andGold (oz) 1,598.60 1,595.70 0.18% in the over sold zone along with RSI, which would lead to shortSilver (oz) 29.10 28.98 0.41% covering and buying support at lower levels. Though the –DI line and ADX line are placed above the +DI line. The –DI line is placedWTI Crude (bbl) 93.09 92.76 0.36% above the 37 level, indicating sellers are gaining strength. MCXBrent Crude (bbl) 112.28 111.87 0.37% Crude faces resistance at 5065, 5085, 5122, 5157 and 5250, whileDollar Index 81.52 81.58 -0.07% the supports are placed at 4989, 4834 and 4776.Source – www.cmegroup.com Sanjay Bhatia (AVP – Technical Research) Email sanjay@keynotecapitals.net Yahoo Id: keytechnicals@yahoo.in NOTE – Stop Losses should be considered strictly on Closing Basis 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. Commodity News:Gold rallies on heavy demand, silver recoversGold prices rallied further at the bullion market here today on heavy demand from stockists and investors supported byhigher global cues. Silver also recovered smartly on good speculative offtake amidst renewed industrial buying.WTI oil rebounds from 2013 lowWest Texas Intermediate rose on Wednesday from its lowest level this year. Futures gained as much as 0.5%. Iraniannuclear negotiator Saeed Jalili said negotiations with the US and its partners will resume next month in Istanbul asdiscussions in Almaty, Kazakhstan, concluded. Americans and others made no offer to ease oil or financial sanctionson Iran, said a US official, asking not to be identified.Crude inventories climbed by 9,04,000 barrels last week to 373.4 million, the highest level since December, theAmerican Petroleum Institute (API) said on Tuesday.Source: ETEconomic Calendar: Countries / Thursday Friday Monday Regions 28/13 01/13 04/13 Gross Domestic Product India FX Reserves, USD (Feb 17) Quarterly (YoY) (Q4) Infrastructure Output (YoY) (Jan)e Federal Fiscal Deficit, INR (Jan) Gross Domestic Product Markit Manufacturing PMI US Annualized (Q4) (Feb) Core Personal Personal Income (MoM) Consumption Expenditures (Jan) (QoQ) (Q4) Initial Jobless Claims (Feb 24) Japan Capital Spending European Monetary Union European Monetary Union Global (Q4) Unemployment Rate (Jan) Eurogroup meeting European Monetary Union UK Gfk Consumer Great Britain Markit Sentix Investor Confidence Confidence (Feb) Manufacturing PMI (Feb) (Mar) 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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