1. Daily Commodity Report
23nd 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 31817 but failed to sustain higher and
moved lower to touch an intra-day low of 31794. However, it
Open 31,817 62,074 4,831
managed to bounce back from lower levels and moved higher. It
High 31,868 62,266 4,860 touched an intra-day high of 31868. It ended the day with marginal
Low 31,794 62,065 4,827 gains to close at 31849.
Close 31,849 62,156 4,838 The Stochastic and the RSI are placed above their respective
Prev. Close 31,813 62,047 4,823 averages, which would lead to buying support. However, the
Stochastic is still placed in the over bought territory, which would
% Change 0.11% 0.18% 0.31% lead to profit taking at higher levels. The +DI line is placed above
Source – MCX the 32 level indicating buyers are gaining strength. 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
30340
22-Nov-12 21-Nov-12 % Chg.
Gold (gms) 13,522.0 24,065.0 -43.81%
MCX SILVER (5 DECEMBER 12) –
Silver (kgs) 588.2 1,371.7 -57.12% Silver opened higher at 62074 but failed to sustain higher and
moved marginally lower to touch an intra-day low of 62065.
Crude (bbl) 9,327.2 26,086.4 -64.24%
However, it managed to bounce back from lower levels and moved
Source – MCX higher. It touched an intra-day high of 62266. It ended the day with
modest gains to close at 62156.
Turnover (In Lacs)
The Stochastic and the RSI are placed above their respective
22-Nov-12 21-Nov-12 % Chg. averages, which would lead to buying support. However, the
Stochastic is still placed in the over bought territory and would lead
Gold 430,458.1 764,321.2 -43.68%
to profit taking at higher levels. The +DI line is placed above the 32
Silver 365,567.4 846,874.2 -56.83% level indicating buyers are gaining strength. MCX Silver faces
resistance at 62176, 62240, 62342 and 62656 while the supports
Crude 452,045.5 1,261,448.1 -64.16%
are placed at 61912, 61398, 60750, 59512 and 57400 levels.
Source – MCX
MCX CRUDE (18 DECEMBER 12) –
Global Market (Nymex - $)
Crude opened higher at 4831 but failed to sustain higher and
23/11/2012 22/11/2012 % Chg. moved lower to touch an intra-day low of 4827. However, it
Gold (oz) 1,729.20 1,728.20 0.06% managed to bounce back from lower levels and moved higher. It
touched an intra-day high of 4860. It ended the day with modest
Silver (oz) 33.36 33.44 -0.24% gains to close at 4838.
WTI Crude (bbl) 87.16 87.38 -0.25%
The Stochastic remains placed below its average, which would
Brent Crude (bbl) 110.30 110.55 -0.23%
lead to selling pressure. However, the RSI is still placed above its
Dollar Index 80.64 80.70 -0.07% average, which would lead to buying support at lower levels. The
Source – www.cmegroup.com 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
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:
Brent slips below $111 after Gaza ceasefire
Oil slipped below $111 per barrel on Thursday, as concerns over supply eased after a ceasefire took effect in the
Gaza Strip, though uncertainty over its success and a recovery in Chinese manufacturing offered limited losses. Israel
and the Islamist Hamas movement agreed to an Egyptian-sponsored ceasefire late on Wednesday to halt the eight-
day conflict around Gaza, limiting oil price gains.
Gold, silver rise on renewed offtake, global cues
Gold prices recovered at the domestic bullion market today on brisk low-level retail buying amid wedding season
offtake and higher global cues. Silver also surged on sustained speculative demand on the back of renewed industrial
buying. Standard gold (99.5 purity) rose by Rs 110 per 10 grams to close at Rs 31,910 from Wednesday's closing level
of Rs 31,800.
Source: ET
Economic Calendar:
Countries / Friday Monday Tuesday
Regions 23/Nov 26/Nov 27/Nov
India FX Reserves, USD (Nov 18)
Dallas Fed Manufacturing
US Durable Goods Orders (Oct)
Business Index (Nov)
Chicago Fed National
Fed's Bernanke Speech
Activity Index (Oct)
Consumer Confidence (Nov)
Global European Council meeting Euro EcoFin Meeting UK GDP (QoQ)
Germany Gross Domestic UK Nationwide Housing
German CPI (YoY)
Product s.a (QoQ) (Q3) Prices n.s.a (YoY) (Oct)
UK Total Business
UK BBA Mortgage Approvals
Investment (YoY) (Q3)
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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