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Keynote commodity daily report for 180213

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Keynote commodity daily report for 180213

  1. 1. Daily Commodity Report 18th February 2013 Gold Silver Crude MCX GOLD (5 APRIL 13) – 16-Feb-13 Expiry 05-Apr-13 05-Mar-13 19-Feb-13 Gold opened higher at 30180 but moved lower to touch an intra- Open 30,180 56,050 5,209 day low of 30170. However, it managed to bounce back from lower levels and moved higher to touch an intra-day high of 30199. It High 30,199 56,093 5,217 ended the day with marginal gains to close at 30194. Low 30,170 56,030 5,209 The RSI is still placed below its averages, which would lead to Close 30,194 56,063 5,211 selling pressure. However, the Stochastic has moved above its Prev. Close 30,160 56,086 5,199 average and is also placed in the over sold zone along with the RSI. These conditions would lead to intermediate bouts of short % Change 0.11% -0.04% 0.23% covering and buying support at lower levels. The –DI line and ADXSource – MCX line are placed above the +DI line and are placed above the 27 level, indicating sellers have an upper hand. MCX Gold faces Volume (In 000s) resistance at 30475, 30916 and 31535 while the support levels are placed 30150, 30000, 29500 and 29142. 16-Feb-13 15-Feb-13 % Chg. Gold (gms) 1,478.0 48,670.0 -96.96% MCX SILVER (5 MARCH 13) – Silver (kgs) 54.1 2,104.8 -97.43% Silver opened higher at 56050 and moved further higher to touch Crude (bbl) 478.1 19,142.1 -97.50% an intra-day high of 56093. However, it failed to sustain higher and moved lower to touch an intra-day low of 56030. It ended the daySource – MCX with marginal losses to close at 56063. Turnover (In Lacs) The RSI and the Stochastic are placed below their respective averages, which would lead to selling pressure. However, the RSI 16-Feb-13 15-Feb-13 % Chg. and the Stochastic are placed in the over sold zone, which wouldGold 44,618.3 1,473,651.5 -96.97% lead to intermediate bouts of short covering. The –DI line is placed above the +DI line and is placed above the 36 level, indicatingSilver 30,325.4 1,186,512.1 -97.44% sellers are gaining strength. MCX Silver faces resistance at 56372,Crude 24,917.6 998,642.1 -97.50% 56613, 57049, 59483 and 61484 while the supports are placed at 55952, 53621 and 52622 levels.Source – MCX MCX CRUDE (19 FEBRUARY 13) – Global Market (Nymex - $) 18/02/2013 16/02/2013 % Chg. Crude opened higher at 5209. Incidentally, this was the highest price recorded for the day. It moved further higher to touch an intra-Gold (oz) 1,615.60 1,609.50 0.38% day high of 5217. It ended the day with marginal gains to close theSilver (oz) 30.08 29.85 0.77% day at 5211.WTI Crude (bbl) 95.65 95.86 -0.22% The RSI and the Stochastic are placed below their respectiveBrent Crude (bbl) 117.82 117.66 0.14% averages, which would lead to intermediate bouts of selling pressure and profit taking. The ADX line, +DI line and the -DI lineDollar Index 80.72 80.48 0.30% are moving sideways indicating a range bound trend. It facesSource – www.cmegroup.com resistance at at 5250, 5300, 5401 and 5476, while the supports are placed 5157, 5122 and 5085. 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. 2. Commodity News:Gold prices plummet to fresh six-month low, below Rs 30,000 markGold slumped to a fresh six-month low and closed below the psychological Rs 30,000 per 10 gm mark at the bullionmarket on aggressive unwinding by stockists and traders driven by global sell-off.Spices up, jeera on export enquiriesIndian jeera, or cumin seed, futures rose more than 1% on Friday on fresh overseas enquiries and a pick-up in spotdemand though rising supplies from the new crop and expectations of a rise in output weighed on sentiment.Barley, bajra up on some buyingPrices of barley and bajra rose up to Rs 10 per quintal on the wholesale grains market today on some buying bystockists.Source: ETEconomic Calendar: Countries / Monday Tuesday Wednesday Regions 18/13 19/13 20/13 India M3 Money Supply (Feb 17) NAHB Housing Market Producer Price Index ex US Index (Feb) Food & Energy (YoY) (Jan) FOMC Minutes Producer Price Index (YoY) (Jan) Japan BoJ Monetary Policy Japan Merchandise Trade Germany Consumer Price Global Meeting Minutes Balance Total (Jan) Index (YoY) (Jan) European Monetory Union UK Rightmove House Price UK Bank of England ZEW Survey - Economic Index (YoY) (Feb) Minutes Sentiment (Feb) Japan Leading Economic Japan All Industry Activity Index (Dec) Index (MoM) (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
  3. 3. DisclaimerThis document is not for public distribution and has been furnished to you solely for your information and must not be reproduced orredistributed to any other person. Persons into whose possession this document may come are required to observe these restrictions.This material is for the personal information of the authorized recipient, and we are not soliciting any action based upon it. This report is notto be construed as an offer to sell or the solicitation of an offer to buy any security in any jurisdiction where such an offer or solicitationwould be illegal. It is for the general information of clients of Keynote Capitals Ltd. It does not constitute a personal recommendation ortake into account the particular investment objectives, financial situations, or needs of individual clients.We have reviewed the report, and in so far as it includes current or historical information, it is believed to be reliable though its accuracy orcompleteness cannot be guaranteed. Neither Keynote Capitals Ltd., nor any person connected with it, accepts any liability arising from theuse of this document. The recipients of this material should rely on their own investigations and take their own professional advice. Priceand value of the investments referred to in this material may go up or down. Past performance is not a guide for future performance.Certain transactions -including those involving futures, options and other derivatives as well as non-investment grade securities - involvesubstantial risk and are not suitable for all investors. Reports based on technical analysis centers on studying charts of a stock’s pricemovement and trading volume, as opposed to focusing on a company’s fundamentals and as such, may not match with a report on acompany’s fundamentals.Opinions expressed are our current opinions as of the date appearing on this material only. While we endeavor to update on a reasonablebasis the information discussed in this material, there may be regulatory, compliance, or other reasons that prevent us from doing so.Prospective investors and others are cautioned that any forward-looking statements are not predictions and may be subject to changewithout notice. Our proprietary trading and investment businesses may make investment decisions that are inconsistent with therecommendations expressed herein.We and our affiliates, officers, directors, and employees world wide may: (a) from time to time, have long or short positions in, and buy orsell the securities thereof, of company (ies) mentioned herein or (b) be engaged in any other transaction involving such securities and earnbrokerage or other compensation or act as a market maker in the financial instruments of the company (ies) discussed herein or act asadvisor or lender / borrower to such company (ies) or have other potential conflict of interest with respect to any recommendation andrelated information and opinions.The analyst for this report certifies that all of the views expressed in this report accurately reflect his or her personal views about thesubject company or companies and its or their securities, and no part of his or her compensation was, is or will be, directly or indirectlyrelated to specific recommendations or views expressed in this report.No part of this material may be duplicated in any form and/or redistributed without Keynote Capitals Ltd’s., prior written consent. 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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