1. Daily Commodity Report
21st December 2012
Gold Silver Crude MCX GOLD (5 FEBRUARY 13) –
20-Dec-12
Gold opened higher at 30844 and managed to move higher to
Expiry 5-Feb-13 5-Mar-13 21-Jan-13 touch an intra-day high of 30969. However, it failed to sustain
Open 30,844 59,501 4,944 higher and moved lower to touch an intra-day low 30370. It ended
the day with moderate losses to close at 30482.
High 30,969 59,914 4,989
Low 30,370 57,223 4,925 The Stochastic and the RSI are placed below their respective
averages, which would lead to selling pressure. However, the
Close 30,482 57,351 4,977 Stochastic and RSI both are placed in the over sold zone, which
Prev. Close 30,819 59,607 4,947 would lead to short covering at regular intervals. The -DI line is
placed above the +DI line and is also placed above the 36 level,
% Change -1.09% -3.78% 0.61%
indicating sellers are gaining strength. MCX Gold faces resistance
Source – MCX at 30758, 30837 30916 and 31559 while the support levels are
placed at and 30475, 30366, 30150 and 29607.
Volume (In 000's)
MCX SILVER (5 MARCH 13) –
20-Dec-12 19-Dec-12 % Chg. Silver opened lower at 59501 and managed to move higher to
Gold (gms) 52,562.0 52,417.0 0.28% touch an intra-day high of 59914 However, it failed to sustain
higher and moved lower to touch an intra-day low 57223. It ended
Silver (kgs) 3,255.9 2,588.8 25.77% the day with large losses to close at 57351.
Crude (bbl) 19,330.4 22,110.7 -12.57%
The Stochastic and the RSI are placed below their respective
Source – MCX averages, which would lead to selling pressure. However, the
Stochastic and RSI both are placed in the over sold zone, which
Turnover (In Lacs) would lead to short covering at regular intervals. The -DI line is
placed above the +DI line and is also placed above the 43 level,
20-Dec-12 19-Dec-12 % Chg.
indicating sellers are gaining strength. MCX Silver faces resistance
Gold 1,614,460.2 1,619,032.6 -0.28% at 59483, 61484 and 63224 while the supports are placed at
57049, 56372 and 55952 levels.
Silver 1,905,173.1 1,554,526.9 22.56%
Crude 957,285.3 1,084,406.5 -11.72% MCX CRUDE (21 JANUARY 13) –
Crude opened lower at 4944 and moved further lower to touch an
Source – MCX intra-day low of 4925. However, it managed to move higher to
touch an intra-day high of 4989. It ended the day with moderate
Global Market (Nymex - $) gains to close at 4977.
21/12/2012 20/12/2012 % Chg.
The RSI and the Stochastic are placed above their respective
Gold (oz) 1,641.50 1,645.90 -0.27% averages, which would lead to buying support. However, the
Silver (oz) 29.78 29.68 0.34% Stochastic is placed in the over bought zone, which would lead to
profit taking at regular intervals. The +DI line is placed above the
WTI Crude (bbl) 88.99 90.13 -1.26%
–DI line and is also placed above the 34 level indicating buyers are
Brent Crude (bbl) 109.44 110.20 -0.69% gaining strength. It faces resistance at 4999, 5085 and 5125 while
Dollar Index 79.39 79.25 0.18%
the supports are placed at 4788, 4755, and 4727
Source – www.cmegroup.com 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 drops to near 4-month low on year-end selling
Gold prices fell more than 1 percent on Thursday to hit their lowest in nearly four months after breaking through a
critical support level on charts at $1,661 an ounce, weighed by year-end investor selling. Spot Gold was down 1.08
percent at $1,648.59 an ounce at 1517 GMT, having hit a low of $1,646.94 after falling through strong support at its
200-day moving average, a closely watched support level. U.S. gold futures for December delivery were down 0.98
percent to $1,651.40.
Pepper futures fall on weak exports
Indian pepper futures fell on Thursday on subdued demand from overseas buyers due to higher prices of the local
produce in the global market and expectations of an increase in output. As of 1010 GMT, the most-active February
pepper contract on the National Commodity and Derivatives Exchange (NCDEX) fell 0.48 per cent to Rs 35,600 per
100 kg.
Source: ET
Economic Calendar:
Wednesday
Countries / Friday Monday
26/Dec
Regions 21/Dec 24/Dec
M3 Money Supply (Dec 23)
India
Personal Income (MoM) MBA Mortgage Applications
US
(Nov)
Reuters/Michigan Consumer Richmond Fed Manufacturing
Sentiment Index (Dec) Index (Dec)
UK Gross Domestic Product Japan Corporate Service
Global
(QoQ) (Q3) Price (YoY) (Nov)
UK Nationwide Housing
UK Current Account (Q3)
Prices s.a (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

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