1. Daily Commodity Report
4th January 2012
MCX GOLD (FEB 12) - Gold opened higher at 27448. It touched an
Gold Silver Crude
(4 Feb-12) (5 Mar-12) (19 Jan-12)
intra-day low of 27414. However, it managed to move higher on
back of buying support to touch an intra-day high of 27779. It ended
Open 27,448 51,493 5,332 the day with modest gains to close at 27656.
High 27,779 53,500 5,464
The RSI and the Stochastic are placed above their respective
Low 27,414 51,493 5,332 averages, which would lead to buying support. However, the
Close 27,656 53,109 5,442 Stochastic is placed in the over bought zone, which would lead to
intermediate bouts of profit taking. The ADX and +DI are moving
Prev. Close 27,382 51,330 5,325
sideways, while -DI line is moving lower but is still placed at 35.90,
% Change 1.00% 3.47% 2.20% indicating sellers are covering their short positions. MCX GOLD
faces resistance at 27954, 28152, 28960 and 29212, while the
Source – MCX
supports are placed at 26347, 25500 and 24992 levels.
Volume (In 000's)
MCX SILVER (MAR 12) - Silver opened higher at 51493.
3/1/2012 2/1/2012 % Chg. Incidentally, this was the lowest price for the day. It moved higher to
touch an intra-day high of 53500. It ended the day with large gains
Gold (gms) 54,038.0 6,445.0 738.45% to close at 53109.
Silver (kgs) 2,552.0 261.8 874.85%
The RSI and the Stochastic are placed above its average and would
Crude (bbl) 21,299.6 2,044.7 941.70%
lead to buying support. However, the Stochastic is placed in the
Source – MCX over bought zone, which would lead to intermediate bouts of profit
taking. The ADX and +DI are moving sideways, while -DI line is is
Turnover (In Lacs) moving lower but is still placed 34.54, indicating sellers are covering
their short positions. MCX Silver faces resistance at 53200, 54184,
3/1/2012 2/1/2012 % Chg. 56480 levels, while the supports are placed at 50410, 49809, 48477
Gold 1,492,968.8 176,229.7 747.17%
and 45824 levels.
Silver 1,339,485.5 134,161.1 898.42% MCX CRUDE (JAN 12) - Crude opened higher at 5400 level. It
Crude 1,152,305.0 108,471.9 962.31%
moved lower to touch an intra-day low of 5434. However, it
managed to bounce back to touch an intra-day high of 5452. It
Source – MCX ended the day with handsome gains to close at 5442.
Global Market (Nymex - $) The RSI and the Stochastic are placed above their respective
averages, which would result in buying support. The ADX and -DI
4/1/2012 3/1/2012 % Chg.
line are moving sideways, while the +DI line is placed at 41.99
Gold (oz) 1,601.50 1,600.50 0.06% indicating buyers have an upper hand. It faces resistance at 5464,
Silver (oz) 29.42 29.53 -0.40%
5475 and 5500 levels, while the supports are placed at 5380, 5200,
5174 and 5115 levels.
Crude (bbl) 102.84 102.96 -0.12%
Dollar Index 79.75 80.35 -0.75%
Source – www.cmegroup.com
Intra-day Resistance Intra-day Support
Commodities Close Pivot Point R1 R2 R3 S1 S2 S3
CRUDE JAN 12 5442 5413 5493 5545 5677 5361 5281 5149
GOLD FEB 12 27656 27616 27819 27981 28346 27454 27251 26886
SILVER MAR 12 53109 52701 53908 54708 56715 51901 50694 48687
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