1. Daily Commodity Report
10th January 2013
Gold Silver Crude MCX GOLD (5 FEBRUARY 13) –
09-Jan-13
Gold opened lower at 30940 but managed to move higher to touch
Expiry 5-Feb-13 5-Mar-13 21-Jan-13 an intra-day high of 31004. However, it failed to sustain higher and
Open 30,940 58,350 5,126 moved lower to touch an intra-day low of 30772. It ended the day
with moderate losses to close at 30794.
High 31,004 58,398 5,142
Low 30,772 57,705 5,092 The RSI has slipped below its average, which would lead to selling
pressure. .However, the Stochastic is still placed above its
Close 30,794 57,970 5,106 average, which would lead to buying support at lower levels. The
Prev. Close 30,974 58,470 5,120 +DI line, the -DI line and ADX line are moving sideways, indicating
a range bound trend. MCX Gold faces resistance at 30916,3 1535,
% Change -0.58% -0.86% -0.27%
31702 and 31790 while the support levels are placed at 30475,
Source – MCX 30366, 30150 and 29607.
Volume (In 000's) MCX SILVER (5 MARCH 13) –
Silver opened lower at 58350 but managed to move higher to touch
9-Jan-13 8-Jan-13 % Chg. an intra-day high of 58398. However, it failed to sustain higher and
Gold (gms) 32,204.0 30,106.0 6.97% moved lower to touch an intra-day low of 57705. It ended the day
with moderate losses to close at 57970.
Silver (kgs) 1,568.4 1,920.1 -18.32%
Crude (bbl) 17,885.6 17,612.4 1.55%
The Stochastic and the RSI are placed above their respective
averages, which would lead to buying support. The +DI line, the -DI
Source – MCX line and ADX line are moving sideways, indicating a range bound
trend. MCX Silver faces resistance at 59483, 61484 and 63224
Turnover (In Lacs) while the supports are placed at 57049, 56372 and 55952 levels.
9-Jan-13 8-Jan-13 % Chg.
MCX CRUDE (21 JANUARY 13) –
Gold 994,560.5 930,851.6 6.84% Crude opened higher at 5126 and moved further higher to touch an
intra-day high of 5142. However, it failed to sustain higher and
Silver 910,901.6 1,119,216.9 -18.61% moved lower to touch an intra-day low of 5092. It ended the day
Crude 914,712.2 906,057.1 0.96% with modest losses to close at 5106.
Source – MCX The Stochastic and the RSI are placed below their respective
averages. Moreover, both the RSI and Stochastic are also placed
Global Market (Nymex - $) around the over bought zone. These negative technical conditions
10/01/2013 09/01/2013 % Chg. would lead to selling pressure. The +DI line remains placed above
the -DI line and is also placed above the 34 level, but has come off
Gold (oz) 1,657.20 1,655.60 0.10%
its recent highs indicating buyers are booking profits regularly. It
Silver (oz) 30.39 30.24 0.50% faces resistance at 5126, 5157 and 5300, while the supports are
WTI Crude (bbl) 93.48 93.10 0.41%
placed at 5085, 4989, 4788, 4755, and 4727.
Brent Crude (bbl) 111.87 111.76 0.10% Positional Call – SELL MCX CRUDE (21 JANUARY 13) below
Dollar Index 80.61 80.52 0.11% 5106, Stop Loss 5169 Target of 4975
Source – www.cmegroup.com
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 gains on signs of demand in China
Gold today rose for a second day on signs of increased demand in China before the country's Lunar New Year that
starts next month. Gold rose by 0.3 per cent to 1,663.50 dollar an ounce. It reached 1,625.85 dollar on January 4, the
lowest since August 21. Silver also rose 0.3 per cent to 30.47 dollar an ounce.
Zinc futures down on subdued demand, global cues
Zinc futures prices today fell by 0.27 per cent to Rs 111.25 per kg amid sluggish domestic demand and a weak global
trend. At the Multi Commodity Exchange, zinc for delivery in January traded lower by 30 paise, or 0.27 per cent, to Rs
110.25 per kg, with a business turnover of 1,251 lots.
Lead futures soften on weak overseas trend, sluggish demand
Lead softened by 0.27 per cent to Rs 127 per kg in futures trade today after traders reduced their positions amid a
weak trend in base metals overseas and sluggish demand from battery-makers in the spot market. Market analysts
attributed the decline in lead futures prices to a weak trend in base metals after copper inventories at the London Metal
Exchange climbed to the highest level in 11 months, prompting concerns over the demand.
Source: ET
Economic Calendar:
Countries / Thursday Friday Monday
Regions 10/13 11/13 14/13
India FX Reserves, USD (Jan 6) WPI Inflation (Dec)
Industrial Output (Nov)
Manufacturing Output
(Nov)
Bank Loan Growth (Dec 23)
Wholesale Inventories
US Trade Balance (Nov) Fed's Evans Speech
(Nov)
Import Price Index (YoY)
30-Year Bond Auction
(Dec)
UK Industrial Production Euro Industrial Production
Global China Trade Balance (Dec)
(MoM) (Nov) w.d.a. (YoY) (Nov)
BoE Interest Rate Decision UK NIESR GDP Estimate
(Jan 10) (3M) (Dec)
Japan Trade Balance - BOP
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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