Keynote commodity daily report 290512


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Keynote commodity daily report 290512

  1. 1. Daily Commodity Report 29th May 2012 MCX GOLD (5 JUNE 12) - Gold opened lower at 28901. It moved Gold Silver Crude (5 Jun-12) (5 Jul-12) (19 Jun-12) lower to touch an intra-day low of 28882. However, it managed a bounce back from lower levels. It moved higher to touch an intra- Open 28,901 54,533 5,057 day high of 29055. It ended the day with marginal gains to close at High 29,055 54,867 5,099 28965. Low 28,882 54,302 5,057 The RSI is placed above its average and is managing to hold above Close 28,965 54,351 5,071 it. Moreover, the Stochastic has moved above its average. Both Prev. Close 28,925 54,479 5,054 these conditions would lead to regular buying support. The ADX line, the –DI line and the +DI line are moving sideways, indicating a % Change 0.14% -0.23% 0.34% range bound trend. MCX GOLD faces resistance at 29212, 29433Source – MCX and 30000 while the supports are placed at 28960, 28084, 27855, 27557 and 26517 levels. Volume (In 000s) MCX SILVER (5 JULY 12) - Silver opened higher at 54533. It 28/5/2012 26/5/2012 % Chg. moved higher to touch an intra-day high of 54867. However, it failed Gold (gms) 17,158.0 1,427.0 1102.38% to sustain higher and moved lower to touch an intra-day low of 54302. It ended the day with modest gains to close at 54351. Silver (kgs) 1,007.0 46.1 2086.71% Crude (bbl) 7,821.6 262.9 2875.12% The RSI and the Stochastic are placed above their respectiveSource – MCX averages, which would lead to buying support at regular intervals. The ADX line, the +DI line and the –DI line are moving sideways, Turnover (In Lacs) indicating a range bound trend. MCX Silver faces resistance at 55551, 56157, 57737, 61708 and 65159 while the supports are 28/5/2012 26/5/2012 % Chg. placed at 51029, 50252 and 48562 levels.Gold 497,154.7 41,293.3 1103.96% MCX CRUDE (19 June 12) - Crude opened higher at 5057 level.Silver 549,565.0 25,095.9 2089.86% Incidentally this was the lowest price for the day. However, itCrude 397,653.8 13,282.9 2893.73% managed to bounce back from lower levels to move higher and touch an intra-day high of 5099. It ended the day with modest gainsSource – MCX to close at 5071. Global Market (Nymex - $) The RSI is placed above its average, which would lead to buying 29/5/2012 28/5/2012 % Chg. support. However, the Stochastic is placed below its average but is placed in the over sold zone, which would lead to short covering.Gold (oz) 1,575.40 1,568.80 0.42% Though, the ADX line is trending the +DI line and the -DI line areSilver (oz) 28.37 28.37 -0.01% moving sideways, indicating a range bound trend. It facesCrude (bbl) 91.16 90.86 0.33% resistance at 5160, 5264 and 5392, while the supports are placed at 5058, 5000, 4905 and 4722 levels.Dollar Index 82.27 82.40 -0.17%Source – Intra-day Resistance Intra-day SupportCommodities Close Pivot Point R1 R2 R3 S1 S2 S3CRUDE JUN 12 5071 5076 5094 5118 5160 5052 5034 4992GOLD JUN 12 28965 28967 29053 29140 29313 28880 28794 28621SILVER JUL 12 54351 54507 54711 55072 55637 54146 53942 53377 Keynote Capitals Ltd. The Ruby, 9th Floor, Senapati Bapat Marg, Dadar (W), Mumbai – 400 028. Tel: 3026 6000. Fax: 3026 6088.
  2. 2. US Economic Calendar: Tuesday Wednesday Thursday Friday Monday May 29 May 30 May 31 Jun 01 Jun 04Consumer Pending Home Sales GDP Data Employment Situation Factory OrdersConfidence IndexDallas Fed Mfg MBA Purchase Jobless Claims Personal Income and 4-Week BillSurvey Applications Outlays AnnouncementState Street Investor ICSC-Goldman Store ADP Employment Construction 6-Month Bill AuctionConfidence Index Sales Report Spending Keynote Capitals Ltd. The Ruby, 9th Floor, Senapati Bapat Marg, Dadar (W), Mumbai – 400 028. Tel: 3026 6000. Fax: 3026 6088.
  3. 3. DisclaimerThis document is not for public distribution and has been furnished to you solely for your information and must not be reproduced orredistributed 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 notto 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 solicitationwould be illegal. It is for the general information of clients of Keynote Capitals Ltd. It does not constitute a personal recommendation ortake 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 orcompleteness cannot be guaranteed. Neither Keynote Capitals Ltd., nor any person connected with it, accepts any liability arising from theuse of this document. The recipients of this material should rely on their own investigations and take their own professional advice. Priceand 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 - involvesubstantial risk and are not suitable for all investors. Reports based on technical analysis centers on studying charts of a stock’s pricemovement and trading volume, as opposed to focusing on a company’s fundamentals and as such, may not match with a report on acompany’s fundamentals.Opinions expressed are our current opinions as of the date appearing on this material only. While we endeavor to update on a reasonablebasis 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 changewithout notice. Our proprietary trading and investment businesses may make investment decisions that are inconsistent with therecommendations 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 orsell the securities thereof, of company (ies) mentioned herein or (b) be engaged in any other transaction involving such securities and earnbrokerage or other compensation or act as a market maker in the financial instruments of the company (ies) discussed herein or act asadvisor or lender / borrower to such company (ies) or have other potential conflict of interest with respect to any recommendation andrelated 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 thesubject company or companies and its or their securities, and no part of his or her compensation was, is or will be, directly or indirectlyrelated 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. The Ruby, 9th Floor, Senapati Bapat Marg, Dadar (W), Mumbai – 400 028. Tel: 3026 6000. Fax: 3026 6088.