1. Daily Commodity Report
20th December 2012
Gold Silver Crude MCX GOLD (5 FEBRUARY 13) –
19-Dec-12
Expiry 5-Feb-13 5-Mar-13 21-Jan-13 Gold opened lower at 31022. Incidentally, this was the highest
price recorded for the day. It moved further lower to touch an intra-
Open 31,022 60,556 4,881
day low 30760. It ended the day with moderate losses to close at
High 31,022 60,700 4,958 30819.
Low 30,760 59,525 4,856
The Stochastic and the RSI are placed below their respective
Close 30,819 59,607 4,947 averages, which would lead to selling pressure. However, the
Prev. Close 31,056 60,687 4,890 Stochastic is placed in the over sold zone, which would lead to
short covering at regular intervals. The -DI line is placed above the
% Change -0.76% -1.78% 1.17% +DI line and is also placed above the 30 level, indicating sellers are
Source – MCX gaining strength. MCX Gold faces resistance at 30837 30916,
31559, 31790, 32270 and 32421 while the support levels are
Volume (In 000's) placed at and 30758, 30475 and 30150.
19-Dec-12 18-Dec-12 % Chg. MCX SILVER (5 MARCH 13) –
Gold (gms) 52,417.0 50,381.0 4.04% Silver opened lower at 60556 but managed to move higher to touch
Silver (kgs) 2,588.8 2,252.1 14.95% an intra-day high of 60700. However, it failed to sustain higher and
moved lower to touch an intra-day low of 59525. It ended the day
Crude (bbl) 22,110.7 12,262.8 80.31%
with moderate losses to close at 59607.
Source – MCX
The Stochastic has slipped below its average. Moreover, the RSI is
Turnover (In Lacs) already placed below its average. These negative conditions would
lead to selling pressure. However, the Stochastic is placed in the
19-Dec-12 18-Dec-12 % Chg. over sold zone, which would lead to short covering at regular
intervals. The -DI line is placed above the +DI line and is also
Gold 1,619,032.6 1,578,139.9 2.59%
placed above the 30 level, indicating sellers are gaining strength.
Silver 1,554,526.9 1,385,742.6 12.18% MCX Silver faces resistance at 59252, 60335, 63271 and 63734,
while the supports are placed at 59483, 59300, 57049 levels.
Crude 1,084,406.5 597,607.2 81.46%
Source – MCX MCX CRUDE (21 JANUARY 13) –
Global Market (Nymex - $) Crude opened lower at 4881 and moved lower to touch an intra-
day low of 4856. However, it managed to bounce back and moved
20/12/2012 19/12/2012 % Chg. higher to touch an intra-day high of 4958. It ended the day with
moderate gains to close at 4947.
Gold (oz) 1,668.50 1,667.70 0.05%
Silver (oz) 31.13 31.12 0.03% The RSI and the Stochastic are placed above their respective
averages, which would lead to buying support. However, the
WTI Crude (bbl) 89.51 89.91 -0.44%
Stochastic is placed in the over bought zone, which would lead to
Brent Crude (bbl) 110.01 110.36 -0.32% profit taking at regular intervals. The +DI line is placed above the
–DI line and is also placed above the 33 level indicating buyers are
Dollar Index 79.34 79.40 -0.08%
gaining strength. It faces resistance at 4950, 4964, 4999, 5085 and
Source – www.cmegroup.com 5125 while the supports are placed at 4788 4755, and 4727
Positional Call – BUY MCX CRUDE (21 JANUARY 13) above
4950, Stop Loss 4871 Target of 5125
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, silver drop sharply on heavy sell-off, global cues
Gold prices plunged to hit nearly one-and-a-half-month low at the domestic bullion market today on hectic selling by
stockists and investors on the back of sharp fall in overseas markets. Silver also nosedived on frantic speculative
selling pressure. Standard gold (99.5 purity) dropped by a hefty Rs 635 per 10 gm to close at Rs 30,540 from
Tuesday's closing level of Rs 31,175. Pure gold (99.9 purity) plummeted by Rs 630 per 10 gm to finish at Rs 30,670
from Rs 31,300. Silver ready (.999 fineness) tanked by Rs 1,625 per kg to conclude at Rs 60,170 as compared to Rs
61,795 previously.
Brent Oil rises above $109 on hopes of US budget solution
Brent oil rose above $109 a barrel on Wednesday on expectations that a budget crisis in the United States will be
resolved, which would save the world's top oil consumer from slipping into recession. World shares rose to 17-month
highs, and the euro gained on growing investor confidence that a U.S. pact on spending and taxes will be reached
before a year-end deadline. Brent crude was up 33 cents to $109.17 a barrel at 0923 GMT, while U.S. oil gained 8
cents to $88.01.
Source: ET
Economic Calendar:
Countries / Thursday Friday Monday
Regions 20/Dec 21/Dec 24/Dec
India
Gross Domestic Purchases Personal Income (MoM)
US
Price Index (Q3) (Nov)
Reuters/Michigan
Initial Jobless Claims (Dec
Consumer Sentiment Index
15)
(Dec)
Existing Home Sales
Change (Nov)
Japn BoJ Interest Rate UK Gross Domestic Product Japan Corporate Service
Global
Decision (Dec 20) (QoQ) (Q3) Price (YoY) (Nov)
Consumer Confidence UK Nationwide Housing
UK Current Account (Q3)
(Dec) Prices s.a (MoM) (Dec)
China Trade Balance (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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