1. Daily Commodity Report
7th January 2013
Gold Silver Crude MCX GOLD (5 FEBRUARY 13) –
05-Jan-13
Gold opened higher at 30821. Incidentally, this was the lowest
Expiry 5-Feb-13 5-Mar-13 21-Jan-13 price recorded for the day. It moved higher to touch an intra-day
Open 30,821 57,701 5,122 high of 30940. It ended the day with modest gains to close at
30907.
High 30,940 58,220 5,126
Low 30,821 57,701 5,116 The Stochastic is placed below its average, which would lead to
selling pressure. However, the RSI is still placed above its average,
Close 30,907 57,986 5,123 which would lead to buying support at lower level. The +DI line, the
Prev. Close 30,800 57,537 5,113 -DI line and ADX line are moving sideways, indicating a range
bound trend. MCX Gold faces resistance at 30916, 31535, 31702
% Change 0.35% 0.78% 0.20%
and 31790 while the support levels are placed at 30475, 30366,
Source – MCX 30150 and 29607.
Volume (In 000's) MCX SILVER (5 MARCH 13) –
Silver opened lower at 57701. Incidentally, this was the lowest
5-Jan-13 4-Jan-13 % Chg. price recorded for the day. It moved higher to touch an intra-day
Gold (gms) 2,611.0 45,946.0 -94.32% high of 58220. It ended the day with moderate gains to close at
57986.
Silver (kgs) 148.5 3,308.9 -95.51%
Crude (bbl) 464.8 20,495.2 -97.73%
The Stochastic is placed below its average, which would lead to
selling pressure. However, the RSI has moved above its average,
Source – MCX which would lead to buying support at lower levels. The -DI line has
moved above the +DI line and is also placed above the 32 level,
Turnover (In Lacs) indicating sellers are gaining strength. MCX Silver faces resistance
at 59483, 61484 and 63224 while the supports are placed at
5-Jan-13 4-Jan-13 % Chg.
57049, 56372 and 55952 levels.
Gold 80,689.8 1,412,243.1 -94.29%
MCX CRUDE (21 JANUARY 13) –
Silver 86,119.0 1,893,742.1 -95.45% Crude opened higher at 5122 but moved marginally lower to touch
Crude 23,797.3 1,042,499.1 -97.72% an intra-day low of 5116. However, it managed to bounce back
from lower levels to move higher and touched an intra-day high of
Source – MCX 5126. It ended the day with modest gains to close at 5123.
Global Market (Nymex - $) The Stochastic and the RSI are placed above their respective
07/01/2013 05/01/2013 % Chg.
averages, which would lead to buying support. However, both the
RSI and Stochastic are also placed in the over bought zone, which
Gold (oz) 1,661.80 1,648.90 0.78% would lead to regular bouts of profit taking. The +DI line remains
Silver (oz) 30.41 29.95 1.54% placed above the -DI line and is also placed above the 35 level but
has come off its recent highs, indicating buyers are booking profits
WTI Crude (bbl) 93.03 93.09 -0.06%
at regular intervals. It faces resistance at 5126, 5157 and 5300,
Brent Crude (bbl) 111.43 111.31 0.11% while the supports are placed at 5085, 4989, 4788, 4755, and 4727
Dollar Index 80.56 80.50 0.07%
Positional Call – Book Profits MCX CRUDE (21 JANUARY 13)
Source – www.cmegroup.com
Target of 5125 Achoieved, given @ 4950
Sanjay Bhatia (AVP – Technical Research)
Email sanjay@keynotecapitals.net Yahoo Id: keytechnicals@yahoo.in
NOTE – Stop Losses should be considered strictly on Closing
Basis
Keynote Capitals Ltd.
The Ruby, 9th Floor, Senapati Bapat Marg, Dadar (W), Mumbai – 400 028. Tel: 3026 6000. Fax: 3026 6088.
www.keynotecapitals.com

2. Commodity News:
Gold heads for longest run of weekly losses since 2004
Gold futures dropped over the weekend, capping the longest run of weekly losses since 2004, after Federal Reserve
minutes showed policy makers may end monthly purchases of US debt sometime this year. Minutes from the Fed's
Open Market Committee's meeting on December 11-12 showed that members were divided between a mid- or end-of-
year end to the debt purchases, known as qualitative easing.
Global rubber prices jump on weaker Yen
A weaker yen has pushed up international rubber prices while Indian prices are still moving in the lower range. This
may rein in the imports, which have been on the rise in the last few months, to a certain extent. But international prices
are expected to drop in the long term as global supply is set to exceed demand. The actively traded rubber contract
for June delivery on the Tokyo Commodity Exchange increased to 307.8 yen per kg on Friday. It was in May 2012 that
prices touched a high of 316 yen per kg before dropping. But industry analysts say the current fall is more due to the
depreciation of the yen against the dollar rather than the supply-demand equation.
Sugar may remain cheaper with no likely change in import duty
Sugar prices are likely to remain subdued for the next few months as cheap imports of processed and raw sugar
continue with the government not in favour of raising the import duty from 10%. "We don't think there will be any
change in the import duty structure of sugar. Cheap imports and ample supply will keep prices in check," said a food
ministry official. Industry bodies such as India Sugar Mills Association (ISMA) and UP Sugar Mills Association have
been lobbying for raising the import duty from 10% to 60%.Source: ET
Economic Calendar:
Countries / Monday Tuesday Wednesday
Regions 07/13 08/13 09/13
India M3 Money Supply (Dec 30)
Consumer Credit Change
US 10-Year Note Auction
(Nov)
EIA Crude Oil Stocks change
(Dec 29)
China & Euro
Sentix Investor Confidence Euro Gross Domestic
Global Unemployment Rate n.s.a
(Jan) Product s.a. (QoQ) (Q4)
(MoM) (Dec)
UK CB Leading Economic Euro Retail Sales (MoM) Industrial Production (YoY)
Index (Dec) (Nov) (Dec)
Eruo Producer Price Euro Economic Sentiment
Index (MoM) (Nov) Indicator (Dec)
Keynote Capitals Ltd.
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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