1. Daily Commodity Report
4th December 2012
Gold Silver Crude MCX GOLD (5 DECEMBER 12) –
04-Dec-12
Expiry 5-Dec-12 5-Dec-12 18-Dec-12 Gold opened higher at 31250 but failed to sustain higher and
moved lower. It touched an intra-day low of 31149. However, it
Open 31,250 62,301 4,854
managed to bounce back from lower levels and moved higher. It
High 31,337 62,301 4,942 touched an intra-day high of 31337. It ended the day with modest
Low 31,149 61,505 4,854 gains to close at 31262.
Close 31,262 61,814 4,878 The RSI is still placed below its average, which would lead to
Prev. Close 31,101 61,301 4,847 selling pressure. However, the Stochastic has moved above its
average and is also placed around the over sold zone, which would
% Change 0.52% 0.84% 0.64%
lead to intermediate bouts of short covering and buying support at
Source – MCX lower levels. Though, the -DI line is placed above 33 level, it has
come off its recent highs, indicating sellers covering shorts
Volume (In 000's) regularly. MCX Gold faces resistance at 31348, 31467, 31737,
32270 and 32421 while the support levels are placed at 31076,
3-Dec-12 1-Dec-12 % Chg.
30837, 30424 and 30366.
Gold (gms) 1,572.0 1,995.0 -21.20%
MCX SILVER (5 DECEMBER 12) –
Silver (kgs) 43.8 53.6 -18.34%
Crude (bbl) 25,216.4 500.0 4943.28% Silver opened higher at 62301. Incidentally, this was the highest
price recorded for the day. It failed to sustain higher and moved
Source – MCX lower to touch an intra-day low of 61505 but managed to come off
the lows for the day. It ended the day with moderate gains to close
Turnover (In Lacs) at 61814.
3-Dec-12 1-Dec-12 % Chg.
The RSI and the Stochastic are placed below their respective
Gold 49,142.1 62,029.7 -20.78% averages, which would lead to further selling pressure. However,
the Stochastic is placed in the over sold zone, which would lead to
Silver 27,089.0 32,869.7 -17.59%
intermediate bouts of short covering. The ADX line, the +DI line
Crude 1,234,677.6 24,240.7 4993.42% and the –DI line are moving sideways indicating a range bound
trend. MCX Silver faces resistance at 61912, 62115, 64142 and
Source – MCX
65000 while the supports are placed at 61398, 60968, 60880
60335 and 59252 levels.
Global Market (Nymex - $)
03/12/2012 04/12/2012 % Chg. MCX CRUDE (18 DECEMBER 12) –
Gold (oz) 1,715.40 1,721.10 -0.33% Crude opened higher at 4854. Incidentally, this was the lowest
Silver (oz) 33.55 33.76 -0.62%
price recorded for the day. It moved higher to touch an intra-day
high of 4942. It ended the day with moderate gains to close at
WTI Crude (bbl) 88.75 89.09 -0.38% 4878.
Brent Crude (bbl) 110.63 110.92 -0.26%
The RSI has moved above its average. Moreover, the Stochastic is
Dollar Index 79.88 79.89 -0.01%
already placed above its average. These conditions would lead to
Source – www.cmegroup.com intermediate bouts of buying support. The ADX line, – DI line and
+DI line are moving sideways, indicating a range bound trend. It
faces resistance at 4892, 4950, 5000 and 5054 while the supports
are placed at 4760, 4692, 4603 and 4578.
NOTE – Stop Losses should be considered strictly on Closing
Basis
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2. Commodity News:
Oil rises towards $112 on signs of China growth revival
Oil rose towards $112 per barrel on Monday on signs economic growth in China, the world's second-biggest oil
consumer, was starting to recover while rising tension in the Middle East lent further support. Activity in China's
manufacturing sector quickened for the first time in 13 months in November, a survey of private factory managers
found, adding to evidence of a pickup after seven quarters of slowing growth.
Gold firms as Chinese data lifts stocks, euro
Gold prices firmed on Monday in line with stock markets and the euro after Chinese data signalling quicker growth
sharpened the appetite for assets seen as higher risk, though uncertainty over the U.S. budget talks kept a lid on
gains. The euro hit a six-week high and shares rose as signs of growth in China and a slower contraction in Europe
lifted demand. The latest readings from both official and private sector surveys of China's vast manufacturing sector
showed activity picked up November.
Source: ET
Economic Calendar:
Countries / Tuesday Wednesday Thursday
Regions 04/Dec 05/Dec 06/Dec
India
ISM Non-Manufacturing PMI
US Redbook index (MoM) Challenger Job Cuts (YoY)
(Nov)
Initial & Continuing Jobless
Factory Orders (MoM) (Oct)
Claims
Eruo Markit PMI Composite
Global UK EcoFin Meeting UK Total Trade Balance
(Nov)
Japan Labor Cash Earnings Euro Retail Sales (MoM) Euro Gross Domestic
(YoY) (Oct) (Oct) Product s.a. (QoQ)
Euro Markit Manufacturing UK BoE Asset Purchase
PMI (Nov) Facility
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The Ruby, 9th Floor, Senapati Bapat Marg, Dadar (W), Mumbai – 400 028. Tel: 3026 6000. Fax: 3026 6088.
www.keynotecapitals.com

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