1. Daily Commodity Report
30th January 2012
MCX GOLD (FEB 12) - Gold opened higher at 27991. It moved
Gold Silver Crude
(4 Feb-12) (5 Mar-12) (20 Feb-12)
higher to touch an intra-day high of 28013. However, it failed to
sustain higher and moved lower to touch an intra-day low of 27975
Open 27,991 57,250 4,941 on back of selling pressure. It ended the day with marginal gains to
High 28,013 57,450 4,946 close at 27990.
Low 27,975 57,183 4,936 The RSI and the Stochastic are placed above their respective
Close 27,990 57,229 4,942 averages, which would result in buying support. However, the
Stochastic is placed in the over bought zone, which would lead to
Prev. Close 27,957 57,165 4,945
intermediate bouts of profit taking. The ADX line, -DI line and +DI
% Change 0.12% 0.11% -0.06% line are moving sideways, indicating a range bound trend. MCX
GOLD faces resistance at 28152, 28960 and 29212, while the
Source – MCX
supports are placed at 27954, 26347, 25500 and 24992 levels.
Volume (In 000's)
MCX SILVER (MAR 12) - Silver opened higher at 57250. It moved
28/1/2012 27/1/2012 % Chg. higher to touch an intra-day high of 57450. However, it failed to
sustain higher and moved lower to touch an intra-day low of 57183
Gold (gms) 2,051.0 41,194.0 -95.02% on back of selling pressure. It ended the day with marginal gains to
Silver (kgs) 68.9 1,993.4 -96.54% close at 57229.
Crude (bbl) 295.7 15,074.8 -98.04%
The RSI and the Stochastic are placed above their respective
Source – MCX averages. However, both are also placed in the over bought zone,
which would lead to intermediate bouts of profit taking and selling
Turnover (In Lacs) pressure. The ADX line, -DI line are moving sideways but +DI line is
placed at 37.63 40.15 level, indicating buyers are gaining strength.
28/1/2012 27/1/2012 % Chg. MCX Silver faces resistance at 57400, 57834, 58480 and 61708,
Gold 57,405.6 1,149,135.7 -95.00%
while the supports are placed at 54671, 53170 and 51366 levels.
Silver 39,458.3 1,136,343.6 -96.53% MCX CRUDE (FEB 12) - Crude opened lower at 4941 level. It
Crude 14,610.8 748,768.6 -98.05%
moved higher to touch an intra-day high of 4946. However, it failed
to sustain higher and moved lower to touch an intra-day low of 4936
Source – MCX on back of selling pressure. It ended the day flat to close the day at
4942.
Global Market (Nymex - $)
The RSI and the Stochastic are placed below their respective
30/1/2012 28/1/2012 % Chg.
averages, which would result in intermediate bouts of selling
Gold (oz) 1,733.30 1,732.20 0.06% pressure. However, the Stochastic is still placed in the over sold
zone, which would lead to intermediate bouts of short covering and
Silver (oz) 33.59 33.79 -0.61%
buying support at lower levels. The -DI line and +DI line are moving
Crude (bbl) 99.09 99.56 -0.47% sideways. It faces resistance at 4950, 5003, 5065, 5115, 5174 and
Dollar Index 78.96 78.84 0.16% 5200, while the supports are placed at 4903, 4877 and 4493 levels.
Source – www.cmegroup.com
Intra-day Resistance Intra-day Support
Commodities Close Pivot Point R1 R2 R3 S1 S2 S3
CRUDE FEB 12 4942 4941 4947 4951 4961 4937 4931 4921
GOLD FEB 12 27990 27993 28010 28031 28069 27972 27955 27917
SILVER MAR 12 57229 57287 57392 57554 57821 57125 57020 56753
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2. US Economic Calendar:
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Jan. 30 Jan. 31 Feb. 01 Feb. 02 Feb. 03
Personal Income and Consumer Confidence ISM Manufacturing Jobless Claims Data Employment Situation
Outlays Index Data
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6-Month Bill Auction ICSC-Goldman Store ADP Employment Productivity and Costs ISM Non-Mfg Index
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