1. Daily Commodity Report
24th January 2012
MCX GOLD (FEB 12) - Gold opened lower at 27489. It moved
Gold Silver Crude
(4 Feb-12) (5 Mar-12) (20 Feb-12)
lower to touch an intra-day low of 27408. However, it recovered and
moved higher to touch an intra-day high of 27594 on back of short
Open 27,489 55,666 4,975 covering and buying support. It ended the day with marginal gains
High 27,594 56,490 5,029 to close at 27510.
Low 27,408 55,232 4,936 The RSI and Stochastic are placed above their respective averages,
Close 27,510 55,565 5,020 which would result in buying support. The ADX line, -DI line and +DI
line are moving sideways, indicating a range bound trend. MCX
Prev. Close 27,490 55,548 4,979
GOLD faces resistance at 27954, 28152, 28960 and 29212, while
% Change 0.07% 0.03% 0.82% the supports are placed at 26347, 25500 and 24992 levels.
Source – MCX
MCX SILVER (MAR 12) - Silver opened higher at 55666. It moved
higher to touch an intra-day high of 56490. However, it failed to
Volume (In 000's)
sustain higher and moved lower to touch an intra-day low of 55232
23/1/2012 21/1/2012 % Chg. on back of selling pressure and profit taking. It ended the day flat to
close at 55565.
Gold (gms) 33,663.0 2,365.00 1323.38%
Silver (kgs) 2,873.6 186.4 1441.62% The RSI and the Stochastic are placed above their respective
averages, which would result in buying support. However, the
Crude (bbl) 18,040.0 473.1 3713.15%
Stochastic is placed in the over bought territory and would lead to
Source – MCX profit taking and selling pressure. The ADX line, -DI line are moving
sideways but +DI line is placed at 40.32 level, indicating buyers are
Turnover (In Lacs) gaining strength. MCX Silver faces resistance at 56578, 56952 and
57190 levels, while the supports are placed at 53387, 52001, 51749
23/1/2012 21/1/2012 % Chg. and 50218 levels.
Gold 926,481.4 65,026.40 1324.78%
MCX CRUDE (FEB 12) - Crude opened lower at 4975 level. It
Silver 1,608,122.5 103,592.70 1452.35% moved lower on back of selling pressure to touch an intra-day low of
Crude 899,524.2 23,552.60 3719.21%
4936. However, it managed to bounce back to touch an intra-day
high of 5029. It ended the day with moderate gains to close the day
Source – MCX at 5020.
Global Market (Nymex - $) The RSI is placed below its average, which would result in
intermediate bouts of selling pressure. However, the Stochastic is
24/1/2012 23/1/2012 % Chg.
placed above its average and is also placed in the over sold zone,
Gold (oz) 1,675.90 1,678.30 -0.14% which would lead to intermediate bouts of short covering and buying
Silver (oz) 32.40 32.25 0.46%
support. The ADX line, -DI line and +DI line are moving sideways.. It
faces resistance at 5065, 5115, 5174 and 5200, while the supports
Crude (bbl) 99.74 99.58 0.16% are placed at 5003, 4950, 4903 and 4877 levels.
Dollar Index 79.92 79.80 0.15%
Source – www.cmegroup.com
Intra-day Resistance Intra-day Support
Commodities Close Pivot Point R1 R2 R3 S1 S2 S3
CRUDE FEB 12 5020 4995 5054 5088 5181 4961 4902 4809
GOLD FEB 12 27510 27504 27600 27690 27876 27414 27318 27132
SILVER MAR 12 55565 55762 56293 57020 58278 55035 54504 53246
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2. US Economic Calendar:
Tuesday Wednesday Thursday Friday Monday
Jan. 24 Jan. 25 Jan. 26 Jan. 27 Jan. 30
FOMC Meeting Begins FOMC Meeting Jobless Claims US GDP Data Personal Income and
Announcement Outlays
US President Barack Pending Home Sales Durable Goods Orders Consumer Sentiment 4-Week Bill
Obama Speaks Index Announcement
ICSC-Goldman Store EIA Petroleum Status New Home Sales 6-Month Bill Auction
Sales Report
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