1. Daily Commodity Report
21st August 2012
MCX GOLD (5 OCTOBER 12) –
Gold Silver Crude
(5 Oct-12) (5 Sept-12) (19 Sep-12) Gold opened lower at 30158 and moved lower to touch an intra-
Open 30,158 53,646 5,378
day low of 30121. However, it managed to bounce back from lower
levels to touch an intra-day high of 30220. It ended the day with
High 30,220 54,405 5,388 marginal gains to close at 30184.
Low 30,121 53,520 5,328
The Stochastic has moved above its average. Moreover, the RSI
Close 30,184 54,313 5,338 remains placed above its average. These positive technical
conditions would lead to buying support. The +DI line and ADX line
Prev. Close 30,166 53,621 5,391 are moving higher indicating buyers have an upper hand. MCX
% Change 0.06% 1.29% -0.98% Gold faces resistance at 30340, 30428 and 31000, while the
support levels are placed at 30179, 29668, 28859, 28765 and
Source – MCX 27962.
Positional Call – Buy MCX Gold (5 Oct 12) around 30184 level
Volume (In 000's)
with Stop Loss of 30100 and Target of 30340
20/08/2012 18/08/2012 % Chg. MCX SILVER (5 SEPT 12) –
Gold (gms) 12,359.0 891.0 1287.09% Silver opened higher at 53646 but moved lower to touch an intra-
day low of 53520. However, it managed to bounce back from lower
Silver (kgs) 1,116.4 25.5 4272.97%
levels to touch an intra-day high of 54405. It ended the day with
Crude (bbl) 10,118.5 1,410.1 617.57% moderate gains to close at 54313.
Source – MCX The Stochastic is placed above its average. Moreover, the RSI
remains placed above its average. These positive conditions would
Turnover (In Lacs) lead to buying support. The ADX line - and +DI line are moving
higher, indicating buyers are gaining strength. MCX Silver faces
20/08/2012 18/08/2012 % Chg. resistance at 54570, 55551, 56157 and 57737 while the supports
are placed at 53675, 51559, 51029, and 50252 levels.
Gold 372,949.8 26,871.7 1287.89% Positional Call – Book Profits MCX Silver (5 Sept 12) Target of
Silver 602,660.7 13,691.2 4301.81% 54300 Achieved given on 17 August, 2012
Crude 541,956.6 75,707.8 615.85% MCX CRUDE (19 September 12) –
Source – MCX Crude opened lower at 5378 but moved higher to touch an intra-
day high of 5388. However, it failed to sustain higher and moved
Global Market (Nymex - $) lower to touch an intra-day low of 5328. It ended the day with
moderate losses to close at 5338.
21/08/2012 20/08/2012 % Chg.
The Stochastic has slipped below its average. However, the RSI
Gold (oz) 1,620.00 1,620.10 -0.01% remains placed above its average but is on verge of slipping below
it. The RSI and Stochastic are also placed around the over bought
Silver (oz) 28.67 28.59 0.29%
zone, which would lead to selling pressure and profit taking. The
WTI Crude ADX line and –DI line are moving higher, while the +DI line has
95.90 95.97 -0.07%
(bbl) started moving lower, indicating buyers are booking profits at
Brent Crude
113.91 113.70 0.18% higher levels. It faces resistance at 5366, 5516 and 5600 while the
(bbl)
supports are placed at 5238, 5275, 5180, 5093, 5126, 4946, 4777,
Dollar Index 82.41 82.46 0.14% 4737 and 4681.
Source – www.cmegroup.com Positional Call – Book Profits MCX Crude (20 Aug 12) Target
of 5366 Achieved given Buy above 5310 level given on 17
August, 2012
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 rise on speculation a weaker dollar spur demand: Gold today gained for the fourth session on speculation
a weaker dollar will spur demand for the metal as an alternative investment. The dollar declined versus the euro
amid optimism Europe's leaders meeting this week will signal support for Greece and outline fresh measures to
combat the region's debt crisis. (ET)
• Platinum hits two-month high on supply worries, S Africa killing: Platinum prices rose to a two-month high on
Monday, as supply worries due to a work stoppage after deadly violence at a South African mine triggered heavy
buying. Spot platinum was up 1.5 per cent at $1,486.99 an ounce, having earlier set a high of $1,490.49 an ounce,
which marked the loftiest price since June 18. (ET)
• Pulses prices likely to go up around Diwali: Poor rainfall and weak distribution system may lead to further rise in
prices of pulses around Diwali (early November) this year, a study by industry body Assocham has said. Releasing
the study here today, Assocham Secretary General DS Rawat said Gram (desi chana) in particular could shoot up
benefiting the middlemen the most. According to the study, there is a marginal surplus in availability which is due to
demand compression and floating stocks. As the prices soften, demand will catch up and the surplus will be offset, it
added. (ET)
• Tough to curb rubber futures volatility: The expert committee to study rubber futures trading is yet to arrive at a
consensus after many meetings during the past three months. The panel says that it will be difficult to restrict
volatility to 1% or 2% from the current 4% and to ensure total transparency regarding buyers, which were the two
key points raised by the critics of futures trade. However, the panel may suggest ways to increase the physical
delivery. (ET)
Economic Calendar:
Tuesday Wednesday Thursday Friday
Aug 21 Aug 22 Aug 23 Aug 24
India M3 Money Supply Forex Reserves Data
Bank Loan Growth
US Existing Home Sales Continuing and Initial Durable Goods
(MoM) (Jul) Jobless Claims Orders; Durable
Goods Orders ex
Transportation
EIA Crude Oil Stocks Housing Price Index
change (MoM) (Jun)
Global UK Public Sector Net EUR Current Account EUR Gross Domestic UK GDP (YoY & MoM)
Borrowing Balance (Jun) Product n.s.a (YoY)
(Q2)
Japan Exports (YoY) EUR Markit
Manufacturing PMI
(Aug)
EUR 12-Month Letras
Auction
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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