1. Keynote Capitals Ltd.
4
th
Floor, Balmer Lawrie Bldg., 5, J. N. Heredia Marg, Ballard Estate, Fort, Mumbai, India – 400001. Tel: 3026 6000 / 2269 4322
www.keynotecapitals.com
3rd
November 2011
Gold
(5 Dec-11)
Silver
(5 Dec-11)
Crude
(17 Nov-11)
Open 27,550 55,475 4,498
High 27,777 56,549 4,606
Low 27,490 55,363 4,498
Close 27,590 56,108 4,541
Prev. Close 27,525 55,313 4,493
% Change 0.24% 1.44% 1.07%
Source – MCX
Volume (In 000's)
2/11/2011 1/11/2011 % Chg.
Gold (grms) 47,754.0 60,475.0 -21.04%
Silver (kgs) 2,179.1 3,240.4 -32.75%
Crude (bbl) 23,117.4 24,880.0 -7.08%
Source – MCX
Turnover (In Lacs)
2/11/2011 1/11/2011 % Chg.
Gold 1,319,797.0 1,652,650.7 -20.14%
Silver 1,221,408.1 1,794,411.5 -31.93%
Crude 1,054,194.7 1,115,164.8 -5.47%
Source – MCX
Global Market (Nymex - $)
3/11/2011 2/11/2011 % Chg.
Gold (oz) 1,726.60 1,728.70 -0.12%
Silver (oz) 33.86 33.929 -0.20%
Crude (bbl) 91.40 92.51 -1.20%
Dollar Index 77.34 77.07 0.35%
Source – www.cmegroup.com
MCX GOLD (DEC 11) - Gold opened higher at 27550. It moved
higher to touch intra-day high of 27777. However, profit taking and
selling pressure was witnessed in late hour of trade to touch an
intra-day low of 27490. It ended the day on with marginal gains to
close at 27590.
The RSI is placed above its average, which would lead to buying
support at regular intervals. However, the Stochastic is still placed
below its average, which would result in profit taking and selling
pressure. The ADX, -DI line and +DI line are moving sideways
indicating a range bound trend. MCX GOLD faces resistance at
27964, 28235, 28525, 28744 levels, while the supports are placed
at 25360, 24992 and 23176 levels.
MCX SILVER (DEC 11) - Silver opened higher at 55475. It moved
lower to touch intra-day low of 55363. However, it managed to
bounce back from the lows on back of buying support. It moved
higher to touch intra-day high of 538766549. It ended the day with
modest gains to close at 56108.
The RSI has managed to bounce above its average, which would
lead to buying support at regular intervals. However, the Stochastic
is placed below its average, which would result in profit taking and
selling pressure. The ADX and +DI line are moving sideways, while
-DI line has moved above the 30 level indicating sellers have an
upper hand. MCX Silver faces resistance at 61708, 61884 and
64605 levels, while the supports are placed at 54754, 52725 and
52365 levels.
MCX CRUDE (NOV 11) - Crude opened higher at 4498 level.
Incidentally, this was also the lowest point of the day. It moved
higher to touch intra-day high of 4606. However, it failed to sustain
higher and moved lower to touch intra-day low of 4421on back of
sustained buying support. It ended the day with modest gains to
close at 4541.
The RSI and Stochastic are placed below their respective
averages, which would lead to selling pressure. The ADX and –DI
line are moving sideways, but +DI line is still placed at 33.59
indicating buyers have an upper hand. It faces resistance at 4548,
4631, 4666 and 4879 levels, while the supports are placed at 4291,
4238 and 4182 levels.
Commodities Close Pivot Point
Intra-day Resistance Intra-day Support
R1 R2 R3 S1 S2 S3
CRUDE OCT 11 4541 4548 4599 4656 4764 4491 4440 4332
GOLD DEC 11 27590 27619 27748 27906 28193 27461 27332 27045
SILVER DEC 11 56108 56007 56650 57193 58379 55464 54821 53635
Daily Commodity Outlook

2. Keynote Capitals Ltd.
4
th
Floor, Balmer Lawrie Bldg., 5, J. N. Heredia Marg, Ballard Estate, Fort, Mumbai, India – 400001. Tel: 3026 6000 / 2269 4322
www.keynotecapitals.com
US Economic Calendar:
Thursday
Nov. 03
Friday
Nov. 04
Monday
Nov. 07
Tuesday
Nov. 08
Wednesday
Nov. 09
Jobless Claims Employment Situation Consumer Credit
NFIB Small Business
Optimism Index
EIA Petroleum Status
Report
Productivity and Costs
Monster Employment
Index
6-Month Bill Auction
ICSC-Goldman Store
Sales
MBA Purchase
Applications
Factory Orders
4-Week Bill
Announcement
3-Yr Note Auction Wholesale Trade
ISM Non-Mfg Index

3. Keynote Capitals Ltd.
4
th
Floor, Balmer Lawrie Bldg., 5, J. N. Heredia Marg, Ballard Estate, Fort, Mumbai, India – 400001. Tel: 3026 6000 / 2269 4322
www.keynotecapitals.com
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