1. Daily Commodity Report
13th February 2012
MCX GOLD (APRIL 12) - Gold opened lower at 28249. It moved
Gold Silver Crude
(5 Apr-12) (5 Mar-12) (20 Feb-12) lower to touch an intra-day low of 28222. However, it managed a
bounce back from lower levels. It touched an intra-day high of
Open 28,249 56,890 4,911
28285. It ended the day with marginal losses to close at 28259.
High 28,285 56,951 4,930
Low 28,222 56,794 4,911 The RSI is placed above its average, which would lead to
Close 28,259 56,875 4,926 intermediate bouts of buying support. However, the Stochastic has
slipped below its average but is still placed in the over bought zone
Prev. Close 28,274 56,915 4,905
and would lead to profit taking and selling pressure. The ADX line, -
% Change -0.05% -0.07% 0.43% DI line and +DI line are moving sideways, indicating a range bound
Source – MCX trend. MCX GOLD faces resistance at 28960, 29212 and 29433,
while the supports are placed at 27557, 26347 and 25500 levels.
Volume (In 000's)
11/2/2012 10/2/2012 % Chg.
MCX SILVER (MAR 12) - Silver opened lower at 56890. It moved
lower to touch an intra-day low of 56794. However, it managed a
Gold (gms) 1,362.0 41,854.0 -96.75%
bounce back from lower levels. It touched an intra-day high of
Silver (kgs) 59.1 2,022.5 -97.08% 56951. It ended the day with marginal losses to close at 56875.
Crude (bbl) 581.7 14,458.7 -95.98%
The RSI and the Stochastic have slipped below their respective
Source – MCX
averages, which would lead to intermediate bouts of selling
Turnover (In Lacs)
pressure and profit taking. The ADX line, +DI line and -DI line are
moving sideways, indicating range bound trend. MCX Silver faces
11/2/2012 10/2/2012 % Chg. resistance at 57400, 57834, 58480 and 61708, while the supports
Gold 38,488.4 1,180,855.8 -96.74% are placed at 54671, 53170 and 51366 levels.
Silver 33,622.7 1,150,344.2 -97.08%
MCX CRUDE (FEB 12) - Crude opened higher at 4911 level.
Crude 28,649.7 709,242.5 -95.96% Incidentally, this was the lowest price for the day. It moved higher to
Source – MCX touch an intra-day high of 4930. It ended the day with modest gains
to close at 4926.
Global Market (Nymex - $)
The RSI and the Stochastic are placed above their respective
13/2/2012 11/2/2012 % Chg.
averages, which would lead to intermediate bouts of buying support.
Gold (oz) 1,726.00 1,723.30 0.16% However, the Stochastic is placed in the over bought zone and
Silver (oz) 33.63 33.58 0.16% would lead to regular bouts of profit taking. The ADX line, +DI line
and –DI line are moving sideways, indicating range bound trend. It
Crude (bbl) 99.57 98.67 0.91%
faces resistance at 4950, 5003, 5065 and 5115, while the supports
Dollar Index 78.78 79.00 -0.28% are placed at 4903, 4877, 4670 and 4493 levels.
Source – www.cmegroup.com
Intra-day Resistance Intra-day Support
Commodities Close Pivot Point R1 R2 R3 S1 S2 S3
CRUDE FEB 12 4926 4922 4934 4941 4960 4915 4903 4884
GOLD APR 12 28259 28255 28289 28318 28381 28226 28192 28129
SILVER MAR 12 56875 56873 56953 57030 57187 56796 56716 56559
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2. US Economic Calendar:
Monday Tuesday Wednesday Thursday Friday
Feb. 13 Feb. 14 Feb. 15 Feb. 16 Feb. 17
4-Week Bill Retail Sales Data Industrial Production Jobless Claims Consumer Price Index
Announcement
3-Month Bill Auction Import and Export FOMC Meeting Housing Starts Leading Indicators
Prices Minutes
6-Month Bill Auction Business Inventories Housing Market Index Producer Price Index
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