Gold opened higher but failed to sustain gains and closed flat. Silver gained modestly after bouncing back from lower levels. Crude oil opened lower but managed to move higher before closing with moderate losses. Technical indicators point to range-bound trading for gold and silver, while crude oil faces resistance at higher levels and support at lower levels.
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Keynote commodity daily report for 030712
1. Daily Commodity Re
D eport
3rd July 2012
MC GOLD (4 A
CX AUGUST 12) - Gold open higher at 29690 and
ned t
Gold
G Si
ilver Cr
rude
(4 A
Aug-12) (5 Sept-12) (19 J
Jul-12) touc
ched an intra
a-day high of 29759. How
f wever, it failed to sustain
high and mov
her ved lower to touch an intra-day low o 29560. It
of
Ope
en 29,690 53,402 4,686 end the day fla to close at 29660.
ded at
High
h 29,759 53,645 4,702
The RSI remains placed belo its averag which wo
e ow ge, ould result in
Low
w 29,560 53,157 4,578 selling pressure However, t
e. the Stochastic has move above its
ed
Clos
se 29,660 53,513 4,636 aveerage but is s placed in the over sold zone, which would lead
still d h
to s
short covering and buying support at low levels. Th ADX line,
g wer he
Prev Close
v. 29,665 53,293 4,695
+DI line and -D line are m
I DI moving sidew ways, indicati
ing a range
%C
Change -0.02% 0.41% -1.26% bouund trend. M MCX GOLD faces resistance at 296 668, 30179,
303340, 30428 an 31000, wh the suppo are place at 28859,
nd hile orts ed
Sourc – MCX
ce
287 and 27962 levels.
765
Volume (In 000
V 0's) MC SILVER (5 SEPT 12) - Silver open
CX 5 ned higher a 53402 but
at
02/0
07/2012 30/0
06/2012 % Chg. mov lower. It t
ved ntra-day low o 53157 but managed to
touched an in of
bou
unce back fro lower leve
om els. It moved higher to tou an intra-
uch
Gold (gms)
d 31,488.0
3 2,037.0 144
45.80% day high of 5364 It ended t day with modest gains to close at
y 45. the s
Silve (kgs)
er 1,466.9 373.0 29
93.30% 535
513.
Crud (bbl)
de 27,401.7
2 1,413.0 183
39.26% The RSI remains placed belo its averag which wo
e ow ge, ould result in
Sourc – MCX
ce selling pressure However, t
e. the Stochastic has move above its
ed
aveerage but is s placed in the over sold zone, which would lead
still d h
Tu
urnover (In Lacs) to s
short covering and buying support at low levels. Th ADX line,
g wer he
+DI line and -D line are m
I DI moving sidew ways, indicati
ing a range
02/0
07/2012 30/0
06/2012 % Chg. bou trend. MC Silver face resistance at 53675, 54
und CX es 4570, 55551,
56157 and 5773 while the s
37 supports are placed at 51559, 51029,
Gold
d 93
34,024.8 60,438.5
6 144
45.41%
and 50252 levels
d s.
Silve
er 78
83,863.6 19
94,210.3 30
03.62%
MC CRUDE (1 JULY 12) - Crude ope
CX 19 ened lower at 4686 level
Crud
de 1,27
73,196.6 66,393.7
6 181
17.65%
but managed to move higher It touched a intra-day h
r. an high of 4702
Sourc – MCX
ce but failed to sus
stain higher a
and moved lo
ower. It touch
hed an intra-
day low of 4578. It ended the day with mo
y . e oderate losse to close at
es
Global Market (Nym - $)
mex 463
36.
03/0
07/2012 02/0
07/2012 % Chg. The RSI and th Stochastic are placed above their respective
e he c d
Gold (oz)
d 1,600.00
1 1,597.70 0.14% erages, which would lead to buying support. Ho
ave h owever, the
Stochastic is pla
aced in the ov bought zo
ver one, which wwould lead to
Silve (oz)
er 27.66 27.47 0.68%
prof taking at higher levels. The ADX line and –DI line are placed
fit e e
Crud (bbl)
de 84.08 83.75 0.39% abo the 33 lev indicating sellers have an upper han while the
ove vel nd,
Dolla Index
ar 81.85 81.87 -0.03% +DI line is movin sideways. It faces resis
I ng stance at 472 4855 and
20,
490 while the supports are p
05 placed at 4624 4421, 4259 and 3723.
4, 9
Sourc – www.cme
ce egroup.com
Intra-day Re
esistance Intra-day Sup
pport
Comm
modities Close Pivot Point
R1 R2 R3
R S1 S2 S3
CRUD JUL 12
DE 4636 4639 4699
4 47
763 488
87 4575
5 4515 4391
GOLD AUG 12
D 29660 29660
2 29
9759 298
859 3005
58 29560
0 29461 29262
SILVE SEPT 12
ER 53513 53438
5 53
3720 539
926 5441
14 53232
2 52950 52462
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by, at Tel: 088.
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2. US E
Economic C
Calendar:
Tuesday Thursday Friday Moonday Tues
sday
Jul 03 Jul 05 Jul 06 Ju 09
ul Jul 10
Fact
tory Orders Jobles Claims
ss Employm
ment Situation
n Consume Credit
er ICSC-Goldm Store
man
Sales
Moto Vehicle Sales
or EIA Pe
etroleum Statu
us Monster Employment
r t 4-Week B
Bill NFIB Small Business
Reporrt Index Announce
ement ndex
Optimism In
ICSC
C-Goldman St
tore ISM Non-Mfg Index
N Treasur STRIPS
ry 3-Month B Auction
Bill 4-Week Bill Auction
Sale
es
Keynot Capitals L
te Ltd.
The Rub 9th Floor, Senapati Bapa Marg, Dadar (W), Mumbai – 400 028. T 3026 6000. Fax: 3026 60
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www.keyynotecapitals.com
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www.keyynotecapitals.com