1. Daily Commodity Report
15th November 2012
Gold Silver Crude
(5 Dec-12) (5 Dec-12) (15 Nov-12) MCX GOLD (5 DECEMBER 12) –
Open 31,748 61,199 4,694 Gold opened higher at 31748 but moved lower to touch an intra-
day low of 31568. However, it managed to bounce back from lower
High 31,775 61,450 4,754
levels. It touched an intra-day high of 31775. It ended the day with
Low 31,568 60,680 4,667 marginal gains to close at 31746.
Close 31,746 61,375 4,740 The RSI remains placed above its average, which would lead to
Prev. Close 31,719 60,804 4,680 buying support. However, the Stochastic has slipped below its
average and is also placed in the over bought zone, which would
% Change 0.09% 0.94% 1.28%
lead to profit taking at higher levels. Though the +DI line is placed
Source – MCX above the 36 level it is declining, indicating buyers are booking
profits at regular intervals. MCX Gold faces resistance at 31937,
Volume (In 000's) 32100 and 32421 while the support levels are placed at 31737,
31467, 31348, 30837, 30428 and 30340
14-Nov-12 13-Nov-12 % Chg.
MCX SILVER (5 DECEMBER 12) –
Gold (gms) 20,838.0 8,524.0 144.46%
Silver (kgs) 1,388.8 521.1 166.50%
Silver opened higher at 61199 but moved lower to touch an intra-
day low of 60680. However, it managed to bounce back from lower
Crude (bbl) 17,824.5 4,696.7 279.51% levels. It touched an intra-day high of 61450. It ended the day with
Source – MCX moderate gains to close at 61375.
The RSI remains placed above its average, which would lead to
Turnover (In Lacs)
buying support. However, the Stochastic has slipped below its
14-Nov-12 13-Nov-12 % Chg. average and is also placed in the over bought zone, which would
lead to profit taking at higher levels. Though the +DI line is placed
Gold 660,045.2 270,870.7 143.68% above the 30 level it is declining, indicating buyers are booking
Silver 848,046.0 318,437.7 166.31% profits at regular intervals. MCX Silver faces resistance at 61398,
61912, 62273, and 64600 while the supports are placed at 60750,
Crude 839,649.3 220,634.3 280.56%
59512, 57400, 56953 and 53621 levels.
Source – MCX
MCX CRUDE (15 NOVEMBER 12) –
Global Market (Nymex - $) Crude opened lower at 4694 and moved further lower to touch an
intra-day low of 4667. However, it managed to bounce back from
15/9/2012 14/8/2012 % Chg.
lower levels. It touched an intra-day high of 4754. It ended the day
Gold (oz) 1,726.50 1,730.10 -0.21% with moderate gains to close at 4740.
Silver (oz) 32.66 32.88 -0.67% The Stochastic and the RSI are placed above their respective
WTI Crude (bbl) 86.34 86.32 0.02% averages, which would lead to buying support. The ADX line, -DI
line and +DI line are moving sideways indicating a range bound
Brent Crude (bbl) 109.73 109.61 0.11% trend. It faces resistance at 4760, 4892, 4950 and 5000 while the
Dollar Index 81.08 81.12 -0.05% supports are placed at 4692, 4603, 4578 and 4467.
Source – www.cmegroup.com
NOTE – Stop Losses should be considered strictly on Closing
Basis
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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

2. Commodity News:
China's oil imports show economy back on track
China's commodity imports for October appear to present a mixed picture, with strength in oil and weakness in iron ore
and copper, but the overall message should be that economic momentum is once again accelerating. There is always
a risk in reading too much into one month's data, and this is especially the case for October, which was distorted by
the week-long holiday at the start of the month. For this reason it's better to look at the two-month picture presented by
September and October data when trying to draw conclusions about demand in the world's biggest commodity
consumer.
Oil rises on possible Japanese stimulus
Crude rose for the first time in three days on Wednesday, buoyed by speculation that Japan may pursue more
aggressive monetary easing, potentially buoying fuel demand. Futures gained as much as 0.7% as the Standard &
Poor's GSCI Index of commodities advanced for the first time in three days.
Economic Calendar:
Countries / Thursday Friday Monday
Regions 15/Nov 16/Nov 19/Nov
India Bank Loan Growth (Nov 4)
FX Reserves, USD (Nov 11)
Consumer Price Index - Industrial Production (MoM) Existing Home Sales (MoM)
US
Core (YoY) (Oct) (Oct) (Oct)
Initial Jobless Claims (Nov NAHB Housing Market
10) Index (Nov)
Euro ECB Monthly Report Euro Current Account n.s.a
Global
(Nov) (Sep)
Italy Gross Domestic
Product (YoY) (Q3)
Euro Consumer Price Index Japan BoJ Monetary Policy
- Core (YoY) (Oct) Meeting Minutes (Nov 19)
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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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