1. Daily Commodity Report
8th January 2013
Gold Silver Crude MCX GOLD (5 FEBRUARY 13) –
07-Jan-13
Gold opened higher at 30964 and moved further higher to touch an
Expiry 5-Feb-13 5-Mar-13 21-Jan-13 intra-day high of 31058. However, it failed to sustain higher and
Open 30,964 58,200 5,120 moved lower to touch an intra-day low of 30835. It ended the day
with marginal losses to close at 30863.
High 31,058 58,424 5,156
Low 30,835 57,768 5,107 The Stochastic is placed below its average, which would lead to
selling pressure. However, the RSI is still placed above its average,
Close 30,863 57,983 5,149 which would lead to buying support at lower level. The +DI line, the
Prev. Close 30,907 57,986 5,123 -DI line and ADX line are moving sideways, indicating a range
bound trend. MCX Gold faces resistance at 31535, 31702 and
% Change -0.14% -0.01% 0.51%
31790 while the support levels are placed at 30916, 30475, 30366,
Source – MCX 30150 and 29607.
Volume (In 000's) MCX SILVER (5 MARCH 13) –
Silver opened higher at 58200 and moved further higher to touch
7-Jan-13 5-Jan-13 % Chg. an intra-day high of 58424. However, it failed to sustain higher and
Gold (gms) 35,429.0 2,611.0 1256.91% moved lower to touch an intra-day low of 57768. It ended the day
on a flat note to close at 57983.
Silver (kgs) 2,028.9 148.5 1266.24%
Crude (bbl) 14,892.1 464.8 3103.98%
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 30 level,
Turnover (In Lacs) indicating sellers are gaining strength. MCX Silver faces resistance
at 59483, 61484 and 63224 while the supports are placed at
7-Jan-13 5-Jan-13 % Chg.
57049, 56372 and 55952 levels.
Gold 1,096,771.8 80,689.8 1259.24%
MCX CRUDE (21 JANUARY 13) –
Silver 1,179,124.0 86,119.0 1269.18% Crude opened lower at 5120 and moved further lower to touch an
Crude 764,241.9 23,797.3 3111.47% intra-day low of 5107. However, it managed to bounce back from
lower levels to move higher and touched an intra-day high of 5156.
Source – MCX It ended the day with moderate gains to close at 5149.
Global Market (Nymex - $) The Stochastic and the RSI are placed above their respective
08/01/2013 07/01/2013 % 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) 1,649.90 1,646.60 0.20% would lead to regular bouts of profit taking. The +DI line remains
Silver (oz) 30.23 30.09 0.47% placed above the -DI line and is also placed above the 37 level,
indicating buyers are gaining strength. It faces resistance at 5157
WTI Crude (bbl) 93.29 93.19 0.11%
and 5300, while the supports are placed at 5126, 5085, 4989,
Brent Crude (bbl) 111.53 111.40 0.12% 4788, 4755, and 4727
Dollar Index 80.16 80.17 -0.01%
Sanjay Bhatia (AVP – Technical Research)
Source – www.cmegroup.com 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:
Oil futures drop as much as 0.5%, Morgan Stanley sees demand dip
Oil declined for a third day in London amid speculation that talks between Sudan and South Sudan may lead to the
resumption of crude exports. Brent futures fell as much as 0.5%, while the US benchmark West Texas Intermediate
lost as much as 0.7%.
Gold slips towards $1,650 as stock markets ease
Gold prices slipped towards $1,650 an ounce on Monday as stock markets eased and the dollar firmed, but remained
in a narrow range as investors focused on the outlook for US budget talks and the Federal Reserve's quantitative
easing programme. Fed officials are increasingly concerned about the potential risks of the US central bank's asset
purchases on financial markets.
Source: ET
Economic Calendar:
Countries / Tuesday Wednesday Thursday
Regions 08/13 09/13 10/13
India M3 Money Supply (Dec 30)
Consumer Credit Change Wholesale Inventories
US 10-Year Note Auction
(Nov) (Nov)
EIA Crude Oil Stocks
30-Year Bond Auction
change (Dec 29)
China & Euro
Euro Gross Domestic
Global Unemployment Rate n.s.a China Trade Balance (Dec)
Product s.a. (QoQ) (Q4)
(MoM) (Dec)
Euro Retail Sales (MoM) Industrial Production (YoY) BoE Interest Rate Decision
(Nov) (Dec) (Jan 10)
Euro Economic Sentiment Japan Trade Balance - BOP
Indicator (Dec) Basis (Nov)
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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