1. Daily Commodity Report
5th December 2011
MCX GOLD (FEB 12) - Gold opened lower at 29172. It moved
Gold Silver Crude
(4 Feb-11) (5 Mar-11) (19 Dec-11)
lower to touch an intra-day low of 29159. However, it managed to
move higher on back of buying support and touched an intra-day
Open 29,172 57,100 5,160 high of 29205. It ended the day flat to close at 29198.
High 29,205 57,211 5,180
The RSI is placed above its average, which would lead to buying
Low 29,159 57,079 5,160
support. However, Stochastic is placed below its average, which
Close 29,198 57,196 5,175 would result in regular bouts of profit taking and selling pressure.
Prev. Close 29,181 57,131 5,148
The ADX, +DI and -DI line are moving sideways, indicating a range
bound trend. MCX GOLD faces resistance at 29212, 29500 and
% Change 0.06% 0.11% 0.52% 30000, while the supports are placed at 28960, 28152, 27954,
Source – MCX 26768 and 26000 levels.
Volume (In 000's) MCX SILVER (MAR 12) - Silver opened lower at 57100. It moved
lower to touch an intra-day low of 57079. However, it managed to
3/12/2011 2/12/2011 % Chg. move higher on back of buying support and touched an intra-day
Gold (gms) 1,048.0 32,036.0 -96.73% high of 57211. It ended the day with marginal gains to close at
57196.
Silver (kgs) 51.0 1,959.9 -97.40%
Crude (bbl) 616.8 19,217.1 -96.79% The RSI has moved above its average, which would lead to buying
Source – MCX support. However, the Stochastic remains placed below its average,
which would lead to selling pressure and profit taking. The ADX, -DI
and +DI line are moving sideways, indicating a range bound trend.
Turnover (In Lacs)
MCX Silver faces resistance at 61708, 61884 and 64605 levels,
3/12/2011 2/12/2011 % Chg. while the supports are placed at 54754, 52725, 52365 and 51226
levels.
Gold 30,589.8 935,736.4 -96.73%
Silver 29,143.1 1,129,588.2 -97.42% MCX CRUDE (DEC 11) - Crude opened higher at 5160 level.
Incidentally, this was also the lowest point of the day. It moved
Crude 31,904.8 990,870.0 -96.78%
higher to touch an intra-day high of 5180. It ended the day with
Source – MCX modest gains to close at 5175.
Global Market (Nymex - $) The RSI and the Stochastic are placed below their respective
averages, which would lead to selling pressure and profit taking.
5/12/2011 3/12/2011 % Chg.
The ADX and -DI line are moving sideways, but +DI line has started
Gold (oz) 1,748.00 1,747.00 0.06% moving lower but is still placed at 31.79, indicating buyers have
Silver (oz) 32.74 32.62 0.35%
started unwinding their long positions. It faces resistance at 5200,
5223, 5250 and 5300 levels, while the supports are placed at 5174,
Crude (bbl) 101.50 100.96 0.53% 4889, and 4618 levels.
Dollar Index 78.56 78.63 -0.08%
Source – www.cmegroup.com
Intra-day Resistance Intra-day Support
Commodities Close Pivot Point R1 R2 R3 S1 S2 S3
CRUDE DEC 11 5175 5172 5183 5192 5212 5163 5152 5132
GOLD FEB 11 29198 29187 29216 29233 29279 29170 29141 29095
SILVER MAR 11 57196 57162 57245 57294 57426 57113 57030 56898
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2. US Economic Calendar:
Monday Tuesday Wednesday Thursday Friday
Dec. 05 Dec. 06 Dec. 07 Dec. 08 Dec. 09
ICSC-Goldman Store EIA Petroleum Status
Factory Orders Jobless Claims International Trade
Sales Report
MBA Purchase
ISM Non-Mfg Index 4-Week Bill Auction Wholesale Trade Consumer Sentiment
Applications
6-Month Bill Auction Treasury STRIPS Consumer Credit Money Supply Data
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