1. Daily Commodity Report
16th November 2012
Gold Silver Crude MCX GOLD (5 DECEMBER 12) –
(5 Dec-12) (5 Dec-12) (18 Dec-12)
Gold opened lower at 31722 but moved higher to touch an intra-
Open 31,722 61,231 4,795
day high of 31742. However, it failed to sustain higher and moved
High 31,742 61,249 4,819 lower. It touched an intra-day low of 31297. It ended the day with
moderate losses to close at 31778.
Low 31,297 60,335 4,715
Close 31,456 60,910 4,725 The RSI has slipped below its average. Moreover, the Stochastic is
already placed below its average. These negative conditions would
Prev. Close 31,746 61,375 4,795
lead to selling pressure. Though the +DI line is placed above the
% Change -0.91% -0.76% -1.46% 32 level it is declining, indicating buyers are booking profits at
Source – MCX regular intervals. MCX Gold faces resistance at 31937, 32100 and
32421 while the support levels are placed at 31737, 31467, 31348,
Volume (In 000's)
30837, 30428 and 30340
15-Nov-12 14-Nov-12 % Chg. MCX SILVER (5 DECEMBER 12) –
Gold (gms) 35,308.0 20,838.0 69.44% Silver opened lower at 61231 but moved higher to touch an intra-
Silver (kgs) 1,748.7 1,388.8 25.91% day high of 31742. However, it failed to sustain higher and moved
lower. It touched an intra-day low of 61585. It ended the day with
Crude (bbl) 13,740.6 17,824.5 -22.91%
moderate losses to close at 60910.
Source – MCX
The RSI remains placed above its average, which would lead to
Turnover (In Lacs) buying support. However, the Stochastic has slipped below its
average and is also placed around the over bought zone, which
15-Nov-12 14-Nov-12 % Chg. would lead to profit taking at regular intervals. The ADX line, +DI
line and –DI line are moving sideways indicating a range bound
Gold 1,113,226.2 660,045.2 68.66%
trend.. MCX Silver faces resistance at 61398, 61912, 62273, and
Silver 1,064,791.4 848,046.0 25.56% 64600 while the supports are placed at 60750, 59512, 57400,
56953 and 53621 levels.
Crude 656,244.6 839,649.3 -21.84%
Source – MCX
MCX CRUDE (18 DECEMBER 12) –
Global Market (Nymex - $)
Crude opened higher at 4748 and moved further higher to touch an
15/9/2012 14/9/2012 % Chg. intra-day high of 4772. However, it failed to sustain higher and
moved lower. It touched an intra-day low of 4654. It ended the day
Gold (oz) 1,713.10 1,713.80 -0.04% with moderate losses to close at 4666.
Silver (oz) 32.48 32.67 -0.58%
The Stochastic and the RSI have slipped below their respective
WTI Crude (bbl) 85.6 85.45 0.18% averages, which would lead to selling pressure. The ADX line, -DI
Brent Crude (bbl) 108.15 108.01 0.13% line and +DI line are moving sideways indicating a range bound
trend. It faces resistance at 4692, 4760, 4892, 4950 and 5000
Dollar Index 81.06 81.02 0.05%
while the supports are placed at 4603, 4578 and 4467.
Source – www.cmegroup.com
NOTE – Stop Losses should be considered strictly on Closing
Basis
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www.keynotecapitals.com

2. Commodity News:
Global gold demand may fall but India sees uptick
Global gold demand this year is expected to be down by 5%-10% compared to 2011 on the back of a muted demand
in India in the first half of the year. This was indicated by World gold Council's managing director (investment) Marcus
Grubb to ET on Thursday. Global demand in 2011 was around 4,400 tonne.
"We are expecting a strong fourth quarter but the decline in demand in the first six months of the year will have an
overall impact on global demand," Grubb said.
But the Indian market is showing signs of recovery with gold demand rising in the July-September quarter. According
to data compiled by WGC, gold demand totaled 223.1 tonne, up 9% year on year from 204.8 tonne in the third quarter
of 2011. However, Grubb said overall gold import by India in 2012 will not exceed 750 tonne as against nearly 1,000-
tonne import in 2011.
Sugarcane crushing off to a slow start in trouble-hit Maharashtra
Sugarcane crushing is limping back to normal across Maharashtra including the Kolhapur region where farmers'
agitation for higher sugarcane prices turned violent in the last few days, said a senior state government official.
"So far, 98 sugar mills have started operations, crushing more than 36 lakh tonne cane. Another 40 mills in the
Kolhapur region are expected to begin crushing in the next few days," said Rajagopal Devara, secretary, department
of co-operation.
Economic Calendar:
Countries / Friday Monday
Regions 16/Nov 19/Nov
India Bank Loan Growth (Nov 4)
FX Reserves, USD (Nov 11)
US Industrial Production (MoM) (Oct) Existing Home Sales (MoM) (Oct)
NAHB Housing Market Index (Nov)
Global Euro Current Account n.s.a (Sep)
Japan BoJ Monetary Policy Meeting
Minutes (Nov 19)
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The Ruby, 9th Floor, Senapati Bapat Marg, Dadar (W), Mumbai – 400 028. Tel: 3026 6000. Fax: 3026 6088.
www.keynotecapitals.com

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