1. Daily Commodity Report
9th February 2012
MCX GOLD (APRIL 12) - Gold opened higher at 28385. It moved
Gold Silver Crude
(5 Apr-12) (5 Mar-12) (20 Feb-12)
higher to touch an intra-day high of 28434. However, it failed to hold
on the gains and slipped in the red. It touched an intra-day low of
Open 28,385 57,352 4,863 28125. It ended the day with moderate losses to close at 28176.
High 28,434 57,777 4,933
Low 28,125 56,689 4,855 The RSI and the Stochastic are placed above their respective
averages, which would lead to intermediate bouts of buying support.
Close 28,176 56,821 4,875 The ADX line, -DI line and +DI line are moving sideways, indicating
Prev. Close 28,373 57,265 4,858 a range bound trend. MCX GOLD faces resistance at 28960, 29212
and 29433, while the supports are placed at 27557, 26347 and
% Change -0.69% -0.78% 0.35%
25500 levels.
Source – MCX
MCX SILVER (MAR 12) - Silver opened higher at 57352. It moved
Volume (In 000's) higher to touch an intra-day high of 57777. However, it failed to hold
8/2/2012 7/2/2012 % Chg.
on the gains and slipped in the red. It touched an intra-day low of
56689. It ended the day with moderate losses to close at 56821.
Gold (gms) 40,843.0 50,074.0 -18.43%
Silver (kgs) 2,320.6 2,097.3 10.65% The RSI has slipped below its average, which would lead to selling
Crude (bbl) 16,065.8 19,774.8 -18.76%
pressure. However, the Stochastic is still placed above its average,
which would lead to intermediate bouts of buying support especially
Source – MCX at lower levels. The -DI line is moving sideways, however, the ADX
line and +DI line are placed above the 30 level indicating buyers
Turnover (In Lacs) have an upper hand. MCX Silver faces resistance at 57400, 57834,
58480 and 61708, while the supports are placed at 54671, 53170
8/2/2012 7/2/2012 % Chg.
and 51366 levels.
Gold 1,157,071.3 1,406,219.2 -17.72%
Silver 1,329,725.6 1,186,449.8 12.08% MCX CRUDE (FEB 12) - Crude opened higher at 4863 level. It
moved higher to touch an intra-day high of 4933. However, it failed
Crude 786,010.4 948,466.5 -17.13% to hold on the gains and slipped in the red. It touched an intra-day
Source – MCX low of 4855. It ended the day with marginal gains to close the day at
4875.
Global Market (Nymex - $)
The RSI and the Stochastic are placed above their respective
9/2/2012 8/2/2012 % Chg.
averages, which would lead to intermediate bouts of short covering
Gold (oz) 1,733.90 1,729.30 0.27% and buying support. The +DI and –DI line are moving sideways. The
ADX line remains placed above the 30 level. It faces resistance at
Silver (oz) 34.03 33.70 0.97%
4877, 4903, 4950, 5003, 5065, 5115, 5174 and 5200, while the
Crude (bbl) 98.96 98.71 0.25% supports are placed at 4670, 4493 and 4421 levels.
Dollar Index 78.66 78.74 -0.10%
Source – www.cmegroup.com
Intra-day Resistance Intra-day Support
Commodities Close Pivot Point R1 R2 R3 S1 S2 S3
CRUDE FEB 12 4875 4888 4920 4966 5044 4842 4810 4732
GOLD APR 12 28176 28245 28365 28554 28863 28056 27936 27627
SILVER MAR 12 56821 57096 57502 58184 59272 56414 56008 54920
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2. US Economic Calendar:
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Feb. 09 Feb. 10 Feb. 13 Feb. 14 Feb. 15
Jobless Claims Data International Trade 4-Week Bill Retail Sales Data Industrial Production
Data Announcement
Wholesale Trade Data Consumer Sentiment 3-Month Bill Auction Import and Export FOMC Meeting
Prices Minutes
Bloomberg Consumer Treasury Budget 6-Month Bill Auction Business Inventories Housing Market Index
Comfort Index
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