1. Daily Commodity Report
20th January 2012
MCX GOLD (FEB 12) - Gold opened higher at 27490. It moved
Gold Silver Crude
(4 Feb-12) (5 Mar-12) (20 Feb-12)
higher to touch an intra-day high of 27569. However, it failed to
sustain and moved lower to touch an intra-day low of 27308 on
Open 27,490 53,428 5,109 back of profit taking and selling pressure. It ended the day with
High 27,569 53,860 5,168 modest losses to close at 27347.
Low 27,308 53,232 5,080 The RSI and Stochastic are placed below their respective averages,
Close 27,347 53,387 5,091 which would result in selling pressure. However, the Stochastic is
still placed near the over sold zone, which would result in
Prev. Close 27,475 53,428 5,096
intermediate bouts of short covering and buying support. The ADX
% Change -0.47% -0.08% -0.10% line, -DI line and +DI line are moving sideways, indicating a range
bound trend. MCX GOLD faces resistance at 27954, 28152, 28960
Source – MCX
and 29212, while the supports are placed at 26347, 25500 and
24992 levels.
Volume (In 000's)
19/1/2012 18/1/2012 % Chg. MCX SILVER (MAR 12) - Silver opened unchanged at 53428. It
moved higher to touch an intra-day high of 53860. However, it failed
Gold (gms) 40,116.0 48,561.0 -17.39% to sustain and moved lower to touch an intra-day low of 53232 on
Silver (kgs) 1,769.8 2,111.7 -16.19% back of profit taking and selling pressure. It ended the day flat to
close at 53387.
Crude (bbl) 10,128.4 20,063.7 -49.52%
Source – MCX The RSI and the Stochastic are placed above their respective
averages, which would result in buying support. The ADX line, -DI
Turnover (In Lacs) line are moving sideways but +DI line is placed at 32.16 level,
indicating buyers are gaining strength. MCX Silver faces resistance
19/1/2012 18/1/2012 % Chg. at 53874, 54184, 56480 levels, while the supports are placed at
Gold 1,101,126.0 1,333,141.0 -17.40%
53200, 50410, 49809, 48477 and 45824 levels.
Silver 947,777.7 1,123,195.3 -15.62% MCX CRUDE (FEB 12) - Crude opened at 5109 level. It managed
Crude 519,965.0 1,024,892.9 -49.27%
to move higher on back of short covering and buying support. It
touched an intra-day high of 5168. However, it failed to sustain and
Source – MCX moved lower to touch an intra-day low of 5080. It ended the day
with modest losses to close the day at 5091.
Global Market (Nymex - $)
The RSI and Stochastic are placed below their respective averages,
20/1/2012 19/1/2012 % Chg.
which would result in intermediate bouts of selling pressure.
Gold (oz) 1,654.90 1,654.50 0.02% However, the Stochastic is placed in the over sold zone, which
would lead to intermediate bouts of short covering. The ADX line
Silver (oz) 30.57 30.49 0.25%
and +DI line are moving sideways. However, -DI line is placed at
Crude (bbl) 100.35 100.39 -0.04% 31.67 indicating sellers have an upper hand. It faces resistance at
Dollar Index 80.44 80.48 -0.05% 5065, 5115, 5174 and 5200, while the supports are placed at 5003,
4950 and 4903 levels.
Source – www.cmegroup.com
Intra-day Resistance Intra-day Support
Commodities Close Pivot Point R1 R2 R3 S1 S2 S3
CRUDE FEB 12 5091 5113 5146 5201 5289 5058 5025 4937
GOLD FEB 12 27347 27408 27508 27669 27930 27247 27147 26886
SILVER MAR 12 53387 53493 53754 54121 54749 53126 52865 52237
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2. US Economic Calendar:
Friday Monday Tuesday Wednesday Thursday
Jan. 20 Jan. 23 Jan. 24 Jan. 25 Jan. 26
Existing Home Sales 4-Week Bill FOMC Meeting Begins FOMC Meeting Jobless Claims
Announcement Announcement
3-Month Bill Auction US President Barack Pending Home Sales Durable Goods Orders
Obama Speaks Index
6-Month Bill Auction ICSC-Goldman Store EIA Petroleum Status New Home Sales
Sales Report
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