1. Daily Commodity Report
12th October 2012
Crude MCX GOLD (5 DECEMBER 12) –
Gold Silver
(19 Oct-
(5 Dec-12) (5 Dec-12) Gold opened on a flat note at 31457 but managed to move higher
12)
Open 31,457 62,161 4,871 touching an intra-day high of 31511. However, it failed to sustain
higher and moved lower to touch an intra-day low of 31283. It
High 31,511 62,342 4,892
ended the day with modest losses to close at 31321.
Low 31,283 61,731 4,836
The RSI is placed above its averages, which would lead to buying
Close 31,321 61,778 4,855 support. However, the Stochastic has slipped below its average
Prev. Close 31,456 62,176 4,882 and is also placed in the over bought zone and would lead to profit
taking at regular intervals. The ADX line, +DI line and -DI line are
% Change -0.43% -0.64% -0.55%
moving sideways, indicating a range bound trend. MCX Gold faces
Source – MCX resistance at 31348, 31467, 31937, 32100, 32393 and 32421 while
the support levels are placed at 30837, 30428, 30340, 30179,
Volume (In 000's) 29668 and 28859.
11/10/2012 10/10/2012 % Chg.
MCX SILVER (5 DECEMBER 12) –
Gold (gms) 34,746.0 36,838.0 -5.68%
Silver opened lower at 62161 but managed to move higher to touch
Silver (kgs) 1,486.2 1,700.8 -12.62% an intra-day high of 62342. However, it failed to sustain higher and
Crude (bbl) 24,090.4 32,283.0 -25.38% moved lower to touch an intra-day low of 61731. It ended the day
with moderate losses to close at 61778.
Source – MCX
The RSI has moved below its average, which would lead to selling
Turnover (In Lacs) pressure. However, the Stochastic is still placed above its average,
which would lead to buying support at lower levels. The ADX line,
11/10/2012 10/10/2012 % Chg.
+DI line and -DI line are moving sideways, indicating a range
Gold 1,090,276.0 1,157,515.8 -5.81% bound trend. MCX Silver faces resistance at 61912, 62273, 64600,
65723 and 66000 while the supports are placed at 61398, 60750
Silver 921,593.2 1,052,715.5 -12.46% and 59512 levels.
Crude 1,171,454.4 1,583,460.7 -26.02%
MCX CRUDE (19 OCTOBER 12) –
Source – MCX
Crude opened lower at 4871 but managed to move higher to touch
Global Market (Nymex - $) an intra-day high of 4892. However, it failed to sustain higher and
moved lower to touch an intra-day low of 4836. It ended the day
12/10/2012 11/10/2012 % Chg.
with moderate losses to close at 4855.
Gold (oz) 1,770.80 1,770.60 0.01%
The RSI and the Stochastic are placed above their respective
Silver (oz) 34.05 34.08 -0.09%
averages, which would lead to buying support. The ADX line and
Crude (bbl) 92.17 92.07 0.11% the –DI line are moving lower, indicating sellers are covering their
Dollar Index 115.40 115.71 -0.27%
shorts. It faces resistance at 4892, 4950 and 5050 while the
supports are placed at 4760, 4692, 4603, 4578 and 4467
Source – www.cmegroup.com
Positional Call – Buy MCX CRUDE (19 OCTOBER 12) above
4900, Stop Loss 4824 Target of 5060
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 in India dips on back of a stronger rupee
Gold prices rose in Europe on Thursday breaking four days of losses following a recovery in the euro although
speculation over Spain seeking bailout capped the yellow metal's gains. Spot gold was bid up at $1,769.74 an ounce
(28.3 gram) in early trade and silver was bid higher at $34.22 an ounce. But prices slipped in India on the back of a
strong rupee, which closed 37 paise higher at 52.68 against the dollar, and due to lack of buying. Indian gold prices
are generally determined by international prices and the rupee plays an important role in determining the landed cost
of the dollar-quoted yellow metal.
Vietnam coffee harvest to drop 9.4% on dry weather
Coffee production in Vietnam, the world's biggest grower of the robusta variety used by NestleBSE -0.18 % in instant
drinks, is poised to decline from a record as dry weather cuts yields, bolstering prices. The harvest may drop 9.4% to
1.45 million metric tonne in the season that started October 1 from an all-time high of 1.6 million tonne in 2011-2012,
according to the median of eight trader and shipper estimates compiled by Bloomberg. That's less than the 26 million
bags (1.56 million tonne) estimated by Volcafe. A bag weighs 132 pounds.
Economic Calendar:
Countries / Friday Monday Tuesday
Regions 12/Oct 15/Oct 16/Oct
India IIP data WPI Inflation (Sep)
Producer Price Index (YoY) NY Empire State Consumer Price Index (YoY)
US
(Sep) Manufacturing Index (Oct) (Sep)
Producer Price Index ex Industrial Production (MoM)
Retail Sales (MoM) (Sep)
Food & Energy (MoM) (Sep) (Sep)
UK CB Leading Economic China Consumer Price UK Core Consumer Price
Global
Index (Sep) Index (MoM) (Sep) Index (YoY) (Sep)
Euro Industrial Production Euro Trade Balance s.a.
w.d.a. (YoY) (Aug) (Aug) and CPI
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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