1. Daily Commodity Report
22nd November 2012
Gold Silver Crude MCX GOLD (5 DECEMBER 12) –
Commodity
Expiry 5-Dec-12 5-Dec-12 18-Dec-12 Gold opened higher at 31755 but failed to sustain higher and
moved lower to touch an intra-day low of 31705. However, it
Open 31,755 61,602 4,808
managed to bounce back from lower levels and moved higher. It
High 31,840 62,160 4,869 touched an intra-day high of 31840. It ended the day with modest
Low 31,705 61,510 4,793 gains to close at 31813.
Close 31,813 62,047 4,823 The Stochastic and the RSI are placed above their respective
Prev. averages, which would lead to buying support. However, the
31,744 61,536 4,806
Close Stochastic has moved in the over bought territory, which would
% Change 0.22% 0.83% 0.35% lead to profit taking at higher levels Though the +DI line is placed
above the 30 level, it has come off its recent highs and has started
Source – MCX
falling indicating buyers are booking profits regularly. MCX Gold
faces resistance at 31937, 32100 and 32421 while the support
Volume (In 000's) levels are placed at 31737, 31467, 31348, 30837, 30428 and
21-Nov-12 20-Nov-12 % Chg. 30340
Gold (gms) 24,065.0 31,312.0 -23.14% MCX SILVER (5 DECEMBER 12) –
Silver (kgs) 1,371.7 1,592.5 -13.87%
Silver opened higher at 61602 but failed to sustain higher and
Crude (bbl) 26,086.4 30,173.6 -13.55% moved lower to touch an intra-day low of 61510. However, it
Source – MCX managed to bounce back from lower levels and moved higher. It
touched an intra-day high of 62160. It ended the day with moderate
Turnover (In Lacs) gains to close at 62047.
21-Nov-12 20-Nov-12 % Chg. The Stochastic and the RSI are placed above their respective
averages, which would lead to buying support. However, the
Gold 764,321.2 995,267.9 -23.20% Stochastic is still placed in the over bought territory and would lead
Silver 846,874.2 982,837.7 -13.83% to profit taking at higher levels. Though the +DI line is placed above
the 30 level, it has come off its recent highs and has started falling
Crude 1,261,448.1 1,470,766.6 -14.23% indicating buyers are booking profits regularly. MCX Silver faces
Source – MCX resistance at 62176, 62240, 62342 and 62656 while the supports
are placed at 61912, 61398, 60750, 59512 and 57400 levels.
Global Market (Nymex - $)
MCX CRUDE (18 DECEMBER 12) –
22/11/2012 21/11/2012 % Chg.
Crude opened higher at 4808 and moved further higher to touch an
Gold (oz) 1,731.00 1,728.20 0.16% intra-day high of 4869. However, it failed to sustain higher and
Silver (oz) 33.42 33.44 -0.06% moved lower. It touched an intra-day low of 4793. It ended the day
with modest gains to close at 4823.
WTI Crude (bbl) 87.64 87.38 0.30%
Brent Crude (bbl) 110.95 110.86 0.08% The Stochastic remains placed below its average and is also
placed around the over bought zone, which would lead to selling
Dollar Index 80.83 80.80 0.04%
pressure and profit taking. However, the RSI is still placed above
Source – www.cmegroup.com its average, which would lead to buying support at lower levels.
The ADX line, – DI line and +DI, indicating a range bound trend. It
faces resistance at 4892, 4950, 5000 and 5054 while the supports
are placed at 4760, 4692, 4603, 4578 and 4467.
NOTE – Stop Losses should be considered strictly on Closing
Basis
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2. Commodity News:
Silver trading plunges in China as demand falters
Silver trading on the largest spot market in China, the second-largest consumer, tumbled this year as slowing growth
cut industrial use, a bourse official said. Volume on the Shanghai White Platinum & Silver Exchange dropped about
30% from a year earlier to 1,000 tonne, said Gao Huijie, chief executive officer. Industrial demand represents most
transactions on the bourse, where about 20% of China's annual demand is traded,
Agri-commodity prices soar by 10%-15% in West Bengal
Mamata Banerjee may be busy garnering support from political parties to move a no-confidence motion against the
UPA government for its anti-people policies, but back home, in her own state, prices of commodities like potato, rice
and onion are on the rise. Over the last couple of weeks, prices of these commodities have gone up by 10% -15%
pinching pockets of common people.
Source: ET
Economic Calendar:
Countries / Thursday Friday Monday
Regions 22/Nov 23/Nov 26/Nov
Winter session of
India FX Reserves, USD (Nov 18)
parliament
CBI Industrial Trends Dallas Fed Manufacturing
US
Survey - Orders (MoM) Business Index (Nov)
Chicago Fed National
Activity Index (Oct)
Global European Council meeting European Council meeting Euro EcoFin Meeting
China HSBC Manufacturing Germany Gross Domestic UK Nationwide Housing
PMI Product s.a (QoQ) (Q3) Prices n.s.a (YoY) (Oct)
Euro Markit Manufacturing UK BBA Mortgage
& Service PMI Approvals
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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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