1. Daily Commodity Report
17th January 2012
MCX GOLD (FEB 12) - Gold opened higher at 27540. It moved
Gold Silver Crude
(4 Feb-12) (5 Mar-12) (19 Jan-12)
higher to touch an intra-day high of 27591. However, it failed to
sustain and moved lower to touch an intra-day low of 27463 on
Open 27,540 52,249 5,120 back of profit taking and selling pressure. It ended the day flat to
High 27,591 52,475 5,138 close at 27484.
Low 27,463 52,056 5,108 The RSI and the Stochastic are placed below their respective
averages, which would result in selling pressure. However, the
Close 27,484 52,315 5,129
Stochastic is still placed in the over sold zone which, would lead to
Prev. Close 27,507 52,124 5,105 intermediate bouts of short covering at lower levels. The ADX line
% Change -0.08% 0.37% 0.47%
and +DI line are moving sideways, while the -DI line is placed at
31.13 level indicating sellers have an upper hare unwinding their
Source – MCX shorts. MCX GOLD faces resistance at 27954, 28152, 28960 and
29212, while the supports are placed at 26347, 25500 and 24992
Volume (In 000's) levels.
16/1/2012 14/1/2012 % Chg. MCX SILVER (MAR 12) - Silver opened higher at 52249. It moved
Gold (gms) 22,236.0 2,227.0 898.47% lower to touch an intra-day low of 52056. However, it managed to
move higher on back of short covering and buying support. It
Silver (kgs) 717.8 50.3 1328.48% touched an intra-day high of 52475. It ended the day with modest
Crude (bbl) 7,859.9 543.2 1346.96% gains to close at 52315.
Source – MCX The RSI is placed above its averages, which would lead to
intermediate bouts of buying support. However, the Stochastic is
Turnover (In Lacs) placed below its average and would lead to profit taking and selling
pressure at higher levels. The ADX line, -DI line and +DI line are
16/1/2012 14/1/2012 % Chg. moving sideways, indicating a range bound trend. MCX Silver faces
Gold 611,976.6 61,261.0 898.97% resistance at 53200, 54184, 56480 levels, while the supports are
placed at 50410, 49809, 48477 and 45824 levels.
Silver 375,231.9 26,197.6 1332.32%
MCX CRUDE (JAN 12) - Crude opened higher at 5120 level. It
Crude 402,684.0 27,755.5 1350.82%
moved lower to touch an intra-day low of 5108. it managed to move
Source – MCX higher on back of short covering and buying support. It touched an
intra-day high of 5138. It ended the day with modest gains to close
Global Market (Nymex - $) the day at 5129.
17/1/2012 16/1/2012 % Chg. The RSI is placed below its average, which would result in
intermediate bouts of selling pressure. However, the Stochastic has
Gold (oz) 1,650.70 1,630.40 1.25%
moved above its average, which would lead to intermediate bouts of
Silver (oz) 29.70 29.49 0.70% buying support and short covering. The ADX line and +DI line are
Crude (bbl) 99.94 98.70 1.26%
moving sideways. However, -DI line is placed at 33.19 indicating
sellers have an upper hand. It faces resistance at 5174, 5200 and
Dollar Index 81.13 81.48 -0.43% 5380, while the supports are placed at 5115, 5065, 4950 and 4903
Source – www.cmegroup.com levels.
Intra-day Resistance Intra-day Support
Commodities Close Pivot Point R1 R2 R3 S1 S2 S3
CRUDE JAN 12 5129 5125 5142 5155 5185 5112 5095 5065
GOLD FEB 12 27484 27513 27562 27641 27769 27434 27385 27257
SILVER MAR 12 52315 52282 52508 52701 53120 52089 51863 51444
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2. US Economic Calendar:
Wednesday Thursday Friday Monday Tuesday
Jan. 18 Jan. 19 Jan. 20 Jan. 23 Jan. 24
Producer Price Index Consumer Price Index Existing Home Sales 4-Week Bill FOMC Meeting Begins
Announcement
Industrial Production Housing Starts 3-Month Bill Auction Barack Obama Speaks
Housing Market Index Jobless Claims 6-Month Bill Auction ICSC-Goldman Store
Sales
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