- The document is a daily commodity report from Keynote Capitals Ltd providing market data and analysis on gold, silver, and crude prices on Indian commodity exchanges. - It reports that gold, silver, and crude all closed lower on the day with losses of 3.2%, 5.09%, and 1.84% respectively due to selling pressure from technical indicators showing weakness. - The report provides resistance and support price levels for gold, silver, and crude futures contracts, with technical analysis noting sellers have gained strength while buyers have taken profits.

1. Keynote Capitals Ltd.
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1st
March 2012
Gold
(5 Apr-12)
Silver
(5 Mar-12)
Crude
(19 Mar-12)
Open 28,876 60,687 5,326
High 28,923 61,488 5,326
Low 27,752 57,230 5,182
Close 27,952 57,783 5,227
Prev. Close 28,875 60,883 5,325
% Change -3.20% -5.09% -1.84%
Source – MCX
Volume (In 000's)
29/2/2012 28/2/2012 % Chg.
Gold (gms) 76,001.0 33,826.0 124.68%
Silver (kgs) 2,554.4 1,543.8 65.46%
Crude (bbl) 15,376.1 14,880.0 3.33%
Source – MCX
Turnover (In Lacs)
29/2/2012 28/2/2012 % Chg.
Gold 2,159,636.5 971,686.8 122.26%
Silver 1,537,963.7 905,168.3 69.91%
Crude 806,990.0 746,312.0 8.13%
Source – MCX
Global Market (Nymex - $)
29/2/2012 28/2/2012 % Chg.
Gold (oz) 1,722.90 1,711.30 0.68%
Silver (oz) 35.13 34.64 1.39%
Crude (bbl) 107.06 107.07 -0.01%
Dollar Index 78.72 78.82 -0.13%
Source – www.cmegroup.com
MCX GOLD (APRIL 12) - Gold opened flat at 28876. It moved
higher to touch an intraday high of 28923. However, it failed to hold
on to gains and moved lower to touch an intra-day low of 27752. It
ended the day with large losses to close at 27952.
The RSI has breached its average. Moreover, the Stochastic
remains placed below its average, which would lead to selling
pressure at regular intervals. The ADX line, +DI line are moving
lower. Infact +DI lines has fallen from the 30 level and -DI line has
moved above the 30 level indicating sellers are gaining strength,
while buyers have booked profit at higher levels. MCX GOLD faces
resistance at 28960, 29212 and 29433, while the supports are
placed at 27557, 26347 and 25500 levels.
MCX SILVER (MARCH 12) - Silver opened higher at 60687. It
moved higher to touch an intraday high of 61488. However, it failed
to hold on to gains and moved lower to touch an intra-day low of
57230. It ended the day with large losses to close at 57783.
The Stochastic and the RSI have slipped below their respective
averages, which would lead to selling pressure. The -DI line has
started moving higher, while the +DI line has witnessed a sharp fall
indicating buyers have booked profit s at higher levels. However, it
remains placed above the 30 level. MCX Silver faces resistance at
61708, 65159 and 66261 while the supports are placed at 56157,
51029 and 50252 levels.
MCX CRUDE (MARCH 12) - Crude opened flat at 5326 level.
Incidentally, this was also the highest price for the day. It moved
lower to touch an intraday low of 5182. It ended the day with high
losses to close at 5227.
The RSI and Stochastic are placed below their respective averages,
which would lead to profit taking and selling pressure. The –DI line
is moving higher, while the ADX line, and +DI line are moving lower
indicating buyers have started unwinding their long positions. It
faces resistance at 5436, 5462 and 5498 while the supports are
placed at 5150, 5095, 4905 and 4727 levels.
Commodities Close Pivot Point
Intra-day Resistance Intra-day Support
R1 R2 R3 S1 S2 S3
CRUDE MAR 12 5227 5245 5308 5389 5533 5164 5101 4957
GOLD APR 12 27952 28209 28666 29380 30551 27495 27038 25867
SILVER MAR 12 57783 58834 60437 63092 67350 56179 54576 50318
Daily Commodity Report

2. Keynote Capitals Ltd.
4
th
Floor, Balmer Lawrie Bldg., 5, J. N. Heredia Marg, Ballard Estate, Fort, Mumbai, India – 400001. Tel: 3026 6000 / 2269 4322
www.keynotecapitals.com
US Economic Calendar:
Thursday
Mar. 01
Monday
Mar. 05
Tuesday
Mar. 06
Wednesday
Mar. 07
Thursday
Mar. 08
Jobless Claims Factory Orders 1 Month bill auction Bank Reserve
Settlement
Jobless claims
Personal Income and
Outlays
Non-Manufacturing
Index
1 Year bill Auction Consumer Credit Bloomberg consumer
comfort index
Construction Spending 3-month, 6-month bill
auction
ICSC - Goldman Store
Sales
Productivity and Costs Money supply

3. Keynote Capitals Ltd.
4
th
Floor, Balmer Lawrie Bldg., 5, J. N. Heredia Marg, Ballard Estate, Fort, Mumbai, India – 400001. Tel: 3026 6000 / 2269 4322
www.keynotecapitals.com
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