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Keynote commodity daily report for 300812Document Transcript
Daily Com D mmodity Report 30th A August 2012 MCX GOLD (5 O X OCTOBER 12) – Go old Silver Cru ude (5 O Oct-12) (5 Se ept-12) (19 Se ep-12) Gold opened high at 30952a moved fu d her and urther higher to touch an intra a-day high of 31007. How f wever, it failed to sustain higher and Open n 30,952 57,525 5,358 mov lower to t ved a-day low of 30734. It end the day touch an intra ded High h 31,007 57,861 5,366 with modest losse to close at 30847. es t Low 30,734 57,160 5,293 The RSI has slipp below its average. Mo ped oreover, the S Stochastic is Close 30,847 57,559 5,314 alrea ady placed bbelow its ave erage. The R and Sto RSI ochastic still rema placed in the over bou ain ught zone. Thhese negative conditions e Prev Close v. 30,948 57,609 5,362 would lead to selling pressure and profit ta e aking. The AD line and DX +DI line are movving lower, inndicating buyyers are bookking profits. % Ch hange -0.33% -0.09% - -0.90% MCX Gold faces resistance at 31070, 31 X s 1110, 31250 and 31500Source – MCX e aced at 30840, 30428, 303 while the support levels are pla e t 340, 30179, 2966 and 28859 68 9 Vo olume (In 000 s) Positional Call – SELL MCX GOLD (5 O X OCTOBER 12) around 3085 Stop Los 31100 Target of 30300 50, ss 29/0 08/2012 28/08/2012 % Chg. MCX SILVER (5 SEPT 12) – X Gold (gms) 33 3,613.0 35 5,543.0 -5.43% Silve opened low at 57525 but managed to move high to touch er wer d her Silver (kgs) 1,647.8 1 1,466.4 1 12.36% an inntra-day high of 57861. Hoowever, it failed to sustain higher and Crude (bbl) 25 5,596.6 27 7,450.9 -6.75% mov lower to t ved a-day low of 57160. It end the day touch an intra ded with marginal loss to close a 57559. ses atSource – MCX e The Stochastic is placed below its average. More so the RSI is also s w e Turnover (In Lac cs) on vverge of slipping below its average. Moreover, th RSI and he Stocchastic still r remain place in the ove bought zo ed er one. These 29/0 08/2012 28/08/2012 % Chg. negaative conditions would lead to selling pressure and p d profit taking at hi igher levels. T Though the A ADX line is still moving high the +DI her,Gold 1,038 8,457.9 1,099 9,838.2 -5.58% line continues to move lower, indicating buuyers are booking profits. MCX Silver faces resistance a 58050 584 and 5922 while the X s at 445 21Silver r 947 7,901.9 844 4,045.7 12.30% suppports are placed at 57180 57000, 56 0, 6157, 55551, 54570 andCrude e 1,364 4,077.9 1,468 8,203.2 -7.09% 5367 levels. 75Source – MCX e MCX CRUDE (19 September 12) – X 9 Crud opened low at 5358 b managed to move high to touch de wer but her Global Market (Nyme - $) ex an in ntra-day high of 5366. Ho h owever, it faile to sustain higher and ed movved lower to ttouch an intr ra-day low of 5293. It endded the day 30/0 08/2012 29/08/2012 % Chg. sses to close at 5314. with moderate losGold (oz) 1, ,655.30 1,659.50 -0.25% The Stochastic h again slip has pped below it average. M ts More so theSilver (oz) r 30.68 30.84 -0.51% RSI is placed be elow its averaage. These c conditions woould lead toWTI CCrude sellin pressure. However, the Stochastic is nearing the over sold ng e 95.03 95.49 -0.48%(bbl) zone which woul lead to buy e, ld ying support a lower levels. The ADX atBrent Crude t line, +DI line and –DI line are moving sidew d ways, indicat ting a range 112.54 112.79 -0.22%(bbl) boun trend. It f nd faces resistance at 5366, 5408, 5516 and 5600 6Dollar Index 81.51 81.47 0.14% while the support are placed at 5238, 5275 5180, 5126 and 5093. e ts 5, 6Source – www.cmeg e group.com Positional Call – BOOK PR ROFITS MCX CRUDE (19 Sept 12)) X 9 arou 5320, giv @ 5361 o August 24 29 und ven on 4- Keynot Capitals L te Ltd. The Rub 9th Floor, Senapati Bapa Marg, Dadar (W), Mumbai – 400 028. T 3026 6000. Fax: 3026 60 by, at Tel: 088. www.keyynotecapitals.com
Com mmodity New ws:• Gold importe stay awa seeking p G ers ay price directio Indian go importers took to the s on: old sidelines on W Wednesday, seeking price direction dur s ring the ongo oing wedding and festive sseason as prices stayed s steady near it peak. The ts most-active gold for Octob delivery o the Multi C m ber on Commodity Exchange (MC was 0.01 percent lower at 30,945 CX) rupees per 10 grams. The contract touc r 0 ched a record high of 31,11 rupees on Monday. (ET 10 T)• Wheat future plunge 3 pc on profit- W es -booking: Affter persistent rise, wheat prices fell by almost 3 pe cent to Rs t y er 1,532 per qu 1 uintal in futur res trade today as specu ulators preferrred to book at prevailing higher leve g els. Besides, in ncreased sup pplies in the mandies (spot markets) als weighed on the grain prices at futures trade. (ET) m t so n s• Oil O prices fa amid calls for increas all s sed output: Crude prices fell Wednesday after fin s nance ministe from the ers worlds leading industrialize economies called on oil producers t increase ou w ed s to utput and said they stood ready to ask d the Internation Energy Agency to rele nal A Benchmark oil for October delivery fell 72 cents by ease strategic reserves. B c r la afternoon Bangkok tim to $95.61 per barrel in electronic tr ate n me n rading on the New York M Mercantile Excchange. The contract rose 86 cents to finish at $96.33 per barrel o the Nymex on Tuesday. (ET) c on x .• Chilli futures fall 1.54 pc on sluggish demand: C C s c h Chilli prices de eclined by Rs 80 to Rs 5,098 per quint in futures s tal trade today a speculators reduced po as s king a weak trend at spot market on sluggish dem ositions, track mand. At the National Com N mmodity and Derivatives Ex D xchange, chilli for delivery in Septembe declined by Rs 80, or 1. per cent, er y .54 to Rs 509 per quintal, with an open inter o rest of 10,700 lots. 0 Keynot Capitals L te Ltd. The Rub 9th Floor, Senapati Bapa Marg, Dadar (W), Mumbai – 400 028. T 3026 6000. Fax: 3026 60 by, at Tel: 088. www.keyynotecapitals.com
Econ nomic Cale endar: Countrie / es Thursday Friday Mondayy Regio ons 30/Aug 31 1/Aug 3/Sep Forex Reserves Data;India Federal F Fiscal Deficit t GDP Qua aterly (YoY) ; Infrastructure Output (YYoY) Factory O Orders (MoM));US Init Jobless C tial Claims Chicago Purchasing o Managgers Index Pers sonal Consum mption Expennditures - Price Index Feds Bern nanke Speec ch (MoM) EIA Natural Gas S N Storage Reuters Michigan s/ change Consumer S Sentiment Index Japans Unemplo oyment Eurozone CConsumer Price UKs Halifax Hou Prices s useGlobal Rate Inde (YoY) ex (3m/YoYY) Japan Vehicle Productioon Eur rozones Economic Germanys M G Markit (YoY); Consstruction Orders Sentiment Indicator Manufacturin PMI M ng (YoY) Germa anys Unempployment Japan Housing Starts (Yo oY); Change Annualized Housing Sta arts Keynot Capitals L te Ltd. The Rub 9th Floor, Senapati Bapa Marg, Dadar (W), Mumbai – 400 028. T 3026 6000. Fax: 3026 60 by, at Tel: 088. www.keyynotecapitals.com
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