1. Daily Commodity Report
18th January 2012
MCX GOLD (FEB 12) - Gold opened higher at 27519. It moved
Gold Silver Crude
(4 Feb-12) (5 Mar-12) (19 Jan-12)
higher to touch an intra-day high of 27778. However, it failed to
sustain and moved lower to touch an intra-day low of 27495 on
Open 27,519 52,392 5,130 back of profit taking and selling pressure. It ended the day with
High 27,778 53,874 5,144 modest gains to close at 27588.
Low 27,495 52,392 5,067 The RSI and the Stochastic have moved above their respective
Close 27,588 53,207 5,107 averages, which would result in buying support. However, the
Stochastic is still placed near the over sold zone which, would lead
Prev. Close 27,484 52,315 5,129
to intermediate bouts of short covering. The ADX line, -DI line and
% Change 0.38% 1.71% -0.43% +DI line are moving sideways, indicating range bound trend. MCX
GOLD faces resistance at 27954, 28152, 28960 and 29212, while
Source – MCX
the supports are placed at 26347, 25500 and 24992 levels.
Volume (In 000's)
MCX SILVER (MAR 12) - Silver opened higher at 53099.
17/1/2012 16/1/2012 % Chg. Incidentally, this was also the lowest price for the day. It moved
higher to touch an intra-day high of 53874. It ended the day with
Gold (gms) 48,937.0 22,236.0 120.08% modest losses to close at 53207.
Silver (kgs) 2,659.8 717.8 270.54%
The RSI and the Stochastic are placed above their respective
Crude (bbl) 14,313.7 7,859.9 82.11%
averages, which would result in buying support. The ADX line, -DI
Source – MCX line are moving sideways but +DI line has moved above the 30
level, indicating buyers are gaining strength. MCX Silver faces
Turnover (In Lacs) resistance at 53874, 54184, 56480 levels, while the supports are
placed at 53200, 50410, 49809, 48477 and 45824 levels.
17/1/2012 16/1/2012 % Chg.
Gold 1,353,847.9 611,976.6 121.23%
MCX CRUDE (JAN 12) - Crude opened higher at 5130 level. It
moved lower to touch an intra-day low of 5067. However, it
Silver 1,417,780.0 375,231.9 277.84% managed to move higher on back of short covering and buying
Crude 732,055.6 402,684.0 81.79%
support. It touched an intra-day high of 5144. It ended the day with
modest gains to close the day at 5107.
Source – MCX
The RSI is placed below its average, which would result in
Global Market (Nymex - $) intermediate bouts of selling pressure. However, the Stochastic is
placed above its average, which would lead to intermediate bouts of
18/1/2012 17/1/2012 % Chg.
buying support and short covering. The ADX line and +DI line are
Gold (oz) 1,647.70 1,655.60 -0.48% moving sideways. However, -DI line is placed at 34.50 indicating
Silver (oz) 29.95 30.11 -0.52%
sellers have an upper hand. It faces resistance at 5115, 5174, 5200
and 5380, while the supports are placed at 5065, 4950 and 4903
Crude (bbl) 101.20 100.71 0.49% levels.
Dollar Index 80.92 81.12 -0.24%
Source – www.cmegroup.com
Intra-day Resistance Intra-day Support
Commodities Close Pivot Point R1 R2 R3 S1 S2 S3
CRUDE JAN 12 5107 5106 5145 5183 5260 5068 5029 4952
GOLD FEB 12 27588 27620 27746 27903 28186 27463 27337 27054
SILVER MAR 12 53207 53158 53923 54640 56122 52441 51676 50194
Keynote Capitals Ltd.
th
4 Floor, Balmer Lawrie Bldg., 5, J. N. Heredia Marg, Ballard Estate, Fort, Mumbai, India – 400001. Tel: 3026 6000 / 2269 4322
www.keynotecapitals.com

2. US Economic Calendar:
Wednesday Thursday Friday Monday Tuesday
Jan. 18 Jan. 19 Jan. 20 Jan. 09 Jan. 10
Producer Price Index Jobless Claims Existing Home Sales 4-Week Bill FOMC Meeting Begins
Announcement
Industrial Production Consumer Price Index 3-Month Bill Auction US President Barack
Obama Speaks
Housing Market Index Housing Starts 6-Month Bill Auction ICSC-Goldman Store
Sales
Keynote Capitals Ltd.
th
4 Floor, Balmer Lawrie Bldg., 5, J. N. Heredia Marg, Ballard Estate, Fort, Mumbai, India – 400001. Tel: 3026 6000 / 2269 4322
www.keynotecapitals.com

3. Disclaimer
This document is not for public distribution and has been furnished to you solely for your information and must not be reproduced or
redistributed to any other person. Persons into whose possession this document may come are required to observe these restrictions.
This material is for the personal information of the authorized recipient, and we are not soliciting any action based upon it. This report is not
to be construed as an offer to sell or the solicitation of an offer to buy any security in any jurisdiction where such an offer or solicitation
would be illegal. It is for the general information of clients of Keynote Capitals Ltd. It does not constitute a personal recommendation or
take into account the particular investment objectives, financial situations, or needs of individual clients.
We have reviewed the report, and in so far as it includes current or historical information, it is believed to be reliable though its accuracy or
completeness cannot be guaranteed. Neither Keynote Capitals Ltd., nor any person connected with it, accepts any liability arising from the
use of this document. The recipients of this material should rely on their own investigations and take their own professional advice. Price
and value of the investments referred to in this material may go up or down. Past performance is not a guide for future performance.
Certain transactions -including those involving futures, options and other derivatives as well as non-investment grade securities - involve
substantial risk and are not suitable for all investors. Reports based on technical analysis centers on studying charts of a stock’s price
movement and trading volume, as opposed to focusing on a company’s fundamentals and as such, may not match with a report on a
company’s fundamentals.
Opinions expressed are our current opinions as of the date appearing on this material only. While we endeavor to update on a reasonable
basis the information discussed in this material, there may be regulatory, compliance, or other reasons that prevent us from doing so.
Prospective investors and others are cautioned that any forward-looking statements are not predictions and may be subject to change
without notice. Our proprietary trading and investment businesses may make investment decisions that are inconsistent with the
recommendations expressed herein.
We and our affiliates, officers, directors, and employees world wide may: (a) from time to time, have long or short positions in, and buy or
sell the securities thereof, of company (ies) mentioned herein or (b) be engaged in any other transaction involving such securities and earn
brokerage or other compensation or act as a market maker in the financial instruments of the company (ies) discussed herein or act as
advisor or lender / borrower to such company (ies) or have other potential conflict of interest with respect to any recommendation and
related information and opinions.
The analyst for this report certifies that all of the views expressed in this report accurately reflect his or her personal views about the
subject company or companies and its or their securities, and no part of his or her compensation was, is or will be, directly or indirectly
related to specific recommendations or views expressed in this report.
No part of this material may be duplicated in any form and/or redistributed without Keynote Capitals Ltd’s., prior written consent.
Keynote Capitals Ltd.
th
4 Floor, Balmer Lawrie Bldg., 5, J. N. Heredia Marg, Ballard Estate, Fort, Mumbai, India – 400001. Tel: 3026 6000 / 2269 4322
www.keynotecapitals.com