1. Daily Commodity Report
31st January 2012
MCX GOLD (FEB 12) - Gold opened higher at 28030. It moved
Gold Silver Crude
(4 Feb-12) (5 Mar-12) (20 Feb-12)
higher to touch an intra-day high of 28094. However, it failed to
sustain higher and moved lower to touch an intra-day low of 27845
Open 28,030 57,090 4,939 on back of selling pressure. But gold managed a bounce back
High 28,094 57,145 4,968 towards the evening of the trading session and closed near the
highs for the day. It ended the day with modest gains to close at
Low 27,845 56,425 4,916 28059.
Close 28,059 56,992 4,945
The RSI and the Stochastic are placed above their respective
Prev. Close 27,990 57,229 4,942 averages, which would result in buying support. However, the
Stochastic remains placed in the over bought zone, which would
% Change 0.25% -0.41% 0.06%
lead to intermediate bouts of profit taking. The ADX line, -DI line and
Source – MCX +DI line are moving sideways, indicating a range bound trend. MCX
GOLD faces resistance at 28152, 28960 and 29212, while the
Volume (In 000's) supports are placed at 27954, 26347, 25500 and 24992 levels.
30/1/2012 28/1/2012 % Chg. MCX SILVER (MAR 12) - Silver opened lower at 57090. It moved
higher to touch an intra-day high of 57145. However, it failed to
Gold (gms) 28,403.0 2,051.0 1284.84%
sustain higher and moved lower to touch an intra-day low of 56425
Silver (kgs) 1,797.5 68.9 2508.40% on back of selling pressure. But silver managed a bounce back
Crude (bbl) 12,770.7 295.7 4218.80%
towards the evening session but failed to sustain higher. It ended
the day with modest losses to close at 56992.
Source – MCX
The RSI and the Stochastic are placed above their respective
Turnover (In Lacs) averages. However, both are also placed in the over bought zone,
which would lead to intermediate bouts of profit taking and selling
30/1/2012 28/1/2012 % Chg. pressure. The ADX line, -DI line are moving sideways but +DI line is
placed at 37.83 level, indicating buyers are gaining strength. MCX
Gold 795,001.6 57,405.6 1284.89%
Silver faces resistance at 57400, 57834, 58480 and 61708, while
Silver 1,020,454.8 39,458.3 2486.16% the supports are placed at 54671, 53170 and 51366 levels.
Crude 631,229.8 14,610.8 4220.29% MCX CRUDE (FEB 12) - Crude opened lower at 4939 level. It
Source – MCX
moved higher to touch an intra-day high of 4968. However, it failed
to sustain higher and moved lower to touch an intra-day low of 4916
on back of selling pressure. It ended the day flat to close the day at
Global Market (Nymex - $)
4945.
31/1/2012 30/1/2012 % Chg.
The RSI and the Stochastic are placed below their respective
Gold (oz) 1,736.60 1,731.00 0.32% averages, which would result in intermediate bouts of selling
pressure. However, the Stochastic is still placed in the over sold
Silver (oz) 33.60 33.50 0.31%
zone, while RSI is also approaching the over sold zone. These
Crude (bbl) 99.40 98.78 0.63% conditions would lead to intermediate bouts of short covering and
Dollar Index 78.87 79.13 -0.32% buying support at lower levels. The -DI line and +DI line are moving
sideways. It faces resistance at 4950, 5003, 5065, 5115, 5174 and
Source – www.cmegroup.com
5200, while the supports are placed at 4903, 4877 and 4493 levels.
Intra-day Resistance Intra-day Support
Commodities Close Pivot Point R1 R2 R3 S1 S2 S3
CRUDE FEB 12 4945 4943 4970 4995 5047 4918 4891 4839
GOLD FEB 12 28059 27999 28154 28248 28497 27905 27750 27501
SILVER MAR 12 56992 56854 57283 57574 58294 56563 56134 55414
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2. US Economic Calendar:
Tuesday Wednesday Thursday Friday Monday
Jan. 31 Feb. 01 Feb. 02 Feb. 03 Feb. 05
Consumer Confidence ISM Manufacturing Jobless Claims Data Employment Situation Factory Orders
Index Data
Employment Cost Motor Vehicle Sales Bloomberg Consumer Factory Orders ISM Non-Mfg Index
Index Comfort Index
ICSC-Goldman Store ADP Employment Productivity and Costs ISM Non-Mfg Index 4-Week Bill
Sales Report Data Announcement
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