1. Daily Commodity Report
16th March 2012
MCX GOLD (5 APRIL 12) - Gold opened lower at 27400. It moved
Gold Silver Crude
(5 Apr-12) (5 May-12) (19 Mar-12)
lower to touch an intra day low of 27312. However, it managed to
move higher. It touched an intra-day high of 27730 level. It ended
Open 27,400 57,000 5,330 the day with moderate gains to close at 27704.
High 27,730 58,084 5,349
The Stochastic and the RSI are placed below their respective
Low 27,312 56,835 5,232 averages, which would lead to profit taking and selling pressure.
Close 27,704 57,979 5,294 The ADX line and +DI line are moving sideways. However, the –DI
line is placed at 38.85 indicating sellers are gaining strength. MCX
Prev. Close 27,443 57,236 5,341
GOLD faces resistance at 28084, 28960, 29212 and 29433, while
% Change 0.95% 1.30% -0.88% the supports are placed at 27557, 26517, 26347 and 25500 levels.
Source – MCX
MCX SILVER (5 MAY 12) - Silver opened lower at 57000. It moved
lower to touch an intra day low of 56835. However, it managed to
Volume (In 000's)
move higher. It touched an intra-day high of 58084 level. It ended
15/3/2012 14/3/2012 % Chg. the day with moderate gains to close at 57979.
Gold (gms) 39,045.0 60,569.0 -35.54% The RSI and the Stochastic are placed below their respective
Silver (kgs) 1,910.8 2,379.1 -19.69% averages. This would lead to selling pressure. The –DI, +DI line and
ADX line are moving sideways, indicating a range bound trend.
Crude (bbl) 21,167.0 13,691.1 54.60%
MCX Silver faces resistance at 61708, 65159 and 66261 while the
Source – MCX supports are placed at 56157, 51029 and 50252 levels.
Turnover (In Lacs) MCX CRUDE (19 MARCH 12) - Crude opened lower at 5330 level.
It moved higher to touch an intra-day high of 5349. However, it
15/3/2012 14/3/2012 % Chg. failed to sustain higher. It moved lower to touch an intra day low of
Gold 1,074,390.4 1,669,271.2 -35.64%
5232. It ended the day with moderate losses to close at 5294.
Silver 1,096,033.5 1,374,397.4 -20.25% The RSI and the Stochastic are placed below their respective
Crude 1,121,390.9 730,097.0 53.59% averages, which would lead to selling pressure. The +DI line, –DI
line and ADX line are moving sideways indicating a range bound
Source – MCX
trend. It faces resistance at 5436, 5462 and 5498 while the supports
are placed at 5227, 5150, 5095 and 4905 levels.
Global Market (Nymex - $)
16/3/2012 15/3/2012 % Chg.
Gold (oz) 1,663.40 1,659.10 0.26%
Silver (oz) 32.66 32.73 -0.22%
Crude (bbl) 105.54 105.11 0.41%
Dollar Index 80.19 80.15 0.05%
Source – www.cmegroup.com
Intra-day Resistance Intra-day Support
Commodities Close Pivot Point R1 R2 R3 S1 S2 S3
CRUDE MAR 12 5294 5292 5351 5409 5526 5234 5175 5058
GOLD APR 12 27704 27582 27852 28000 28418 27434 27164 26746
SILVER MAY 12 57979 57633 58430 58882 60131 57181 56384 55135
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2. US Economic Calendar:
Friday Monday Tuesday Wednesday Thursday
Mar. 16 Mar. 19 Mar. 20 Mar. 21 Mar. 22
Consumer Price Index Housing Market Index Housing Starts Existing Home Sales Jobless Claims
Industrial Production 4-Week Bill Ben Bernanke Speech EIA Petroleum Status FHFA House Price
Announcement Report Index
Consumer Sentiment 6-Month Bill Auction ICSC-Goldman Store Bank Reserve Money Supply
Sales Settlement
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