1. Daily Commodity Report
8th February 2013
Gold Silver Crude MCX GOLD (5 APRIL 13) –
07-Feb-13
Expiry 05-Apr-13 05-Mar-13 19-Feb-13 Gold opened higher at 30721 but moved further lower to touch an
Open 30,721 58,369 5,144 intra-day low of 30610. However, it managed to bounce back and
moved higher to touch an intra-day high of 30890. It ended the day
High 30,890 58,645 5,185
with modest gains to close at 30796.
Low 30,610 57,762 5,121
The RSI and the Stochastic are placed above their respective
Close 30,796 58,041 5,133 averages, which would lead to buying support. The ADX line, –DI
Prev. Close 30,711 58,376 5,139 line and +DI line are moving sideways indicating a range bound
trend. MCX Gold faces resistance at 30916 and 31535 while the
% Change 0.28% -0.57% -0.12%
support levels are placed at 30475, 30150, 30000, 29500 and
Source – MCX 29142.
Volume (In 000's) MCX SILVER (5 MARCH 13) –
7-Feb-13 6-Feb-13 % Chg. Silver opened lower at 58369 and moved further lower to touch an
Gold (gms) 46,327.0 30,898.0 49.94% intra-day low of 57762. However, it managed to bounce back and
moved higher to touch an intra-day high of 58645. It ended the day
Silver (kgs) 2,362.7 1,255.2 88.24% with moderate losses to close at 58041.
Crude (bbl) 24,725.8 24,039.1 2.86%
The Stochastic and RSI are placed below their respective
Source – MCX averages, which would lead to selling pressure. The ADX line, –DI
line and +DI line are moving sideways, indicating a range bound
Turnover (In Lacs) trend. MCX Silver faces resistance at 59483, 61484, 62164 and
63224 while the supports are placed at 57049, 56372 and 55952
7-Feb-13 6-Feb-13 % Chg.
levels.
Gold 1,425,016.4 947,261.9 50.44%
MCX CRUDE (19 FEBRUARY 13) –
Silver 1,376,348.4 731,455.9 88.17%
Crude 1,274,136.6 1,229,339.2 3.64% Crude opened higher at 5144 and moved further higher to touch an
intra-day high of 5185. However, it failed to sustain higher and
Source – MCX
moved lower to touch an intra-day low of 5121. It ended the day
with marginal losses to close the day at 5133.
Global Market (Nymex - $)
08/02/2013 07/02/2013 % Chg. The RSI is placed below its average, which would lead to selling
pressure. However, the Stochastic is placed above its average,
Gold (oz) 1,672.50 1,671.30 0.07% which would lead to buying support at lower levels. The -DI line is
Silver (oz) 31.50 31.41 0.29% placed above the +DI line but has come off its recent highs,
indicating sellers are covering shorts at lower levels.. It faces
WTI Crude (bbl) 96.17 95.83 0.35%
resistance at 5157, 5300, 5401 and 5476, while the supports are
Brent Crude (bbl) 117.82 117.26 0.48% placed at 5122, 5085 and 4961
Dollar Index 80.15 80.23 -0.10%
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:
Commission for Agricultural Costs and Prices moots cap on wheat buy to avert storage crisis
Ahead of the fresh harvest season, the Commission for Agricultural Costs and Prices (CACP) has asked the
government to cap wheat procurement in states which levy taxes higher than 5% and offer a bonus over and above
the minimum support price (MSP) to farmers. "The government should defer open-ended procurement in such states.
Cabinet okays Copra minimum support price hike
The Cabinet Committee on Economic Affairs (CCEA) on Thursday approved an increase in the minimum support price
(MSP) of milling copra and ball copra by Rs 150 per quintal. The revised MSP for the 2013 season will be Rs 5,350
per quintal for milling copra and Rs5,500 a quintal for ball copra..
Source: ET
Economic Calendar:
Countries / Friday Monday Tuesday
Regions 08/13 11/13 12/13
India Bank Loan Growth (Jan 21) Industrial Output (Dec)
Manufacturing Output
FX Reserves, USD (Feb 10)
(Dec)
US Trade Balance (Dec)
China Consumer Price Japan Consumer UK Consumer Price Index
Global
Index (YoY) (Jan) Confidence Index (Jan) (YoY) (Jan)
Germany Wholesale Price UK Producer Price Index -
China Trade Balance (Jan)
Index (YoY) (Jan) Output (YoY) n.s.a (Jan)
Germany Trade Balance Japan Money Supply Japan Tertiary Industry
s.a. (Dec) M2+CD (YoY) (Jan) Index (MoM)
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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