The daily commodity report summarizes movements in gold, silver, and crude oil futures contracts on the MCX exchange on April 3, 2012. Gold futures opened higher but ended the day with small losses, silver futures gained over 1% and closed higher, while crude oil futures bounced back from early losses to close with moderate gains over 1%. Technical indicators suggest futures prices may be range-bound in the near term. The report also provides intraday resistance and support price levels.

1. Daily Commodity Report
3rd April 2012
MCX GOLD (5 JUNE 12) - Gold opened higher at 28504. It
Gold Silver Crude
(5 Jun-12) (5 May-12) (19 Apr-12)
moved lower to touch an intra day low of 28430. However, it
managed to bounce back from lower levels and moved higher. It
Open 28,504 56,899 5,271 touched an intra-day high of 28635 level. It ended the day with
High 28,635 57,737 5,353 marginal losses to close at 28557.
Low 28,430 56,686 5,216
The Stochastic has moved above its average and is placed in the
Close 28,557 57,595 5,335 over sold zone. This would lead to short covering and buying
support. However, the RSI is still placed below its average, which
Prev. Close 28,518 56,790 5,274
would lead to selling pressure. The ADX line, -DI line and the +DI
% Change 0.14% 1.42% 1.16% line are moving sideways, indicating a range bound trend. MCX
Source – MCX GOLD faces resistance at 28960, 29212 and 29433, while the
supports are placed at 28084, 27557, 26517, 26347 and 25500
levels.
Volume (In 000's)
2/4/2012 31/3/2012 % Chg. MCX SILVER (5 MAY 12) - Silver opened higher at 56899. It
moved lower to touch an intra day low of 56686. However, it
Gold (gms) 22,755.0 4,052.0 461.57%
managed to bounce back from lower levels and moved higher. It
Silver (kgs) 1,468.1 61.9 2270.93% touched an intra-day high of 57737 level. It ended the day with
Crude (bbl) 14,750.8 685.7 2051.20%
gains to close at 57595.
Source – MCX The RSI and the Stochastic are placed above their respective
averages, which would lead to buying support. The –DI line, +DI
Turnover (In Lacs) line and ADX line are moving sideways, indicating a range bound
trend. MCX Silver faces resistance at 61708, 65159 and 66261
2/4/2012 31/3/2012 % Chg.
while the supports are placed at 56157, 51029 and 50252 levels.
Gold 649,014.2 113,739.0 470.62%
MCX CRUDE (19 APRIL 12) - Crude opened lower at 5271 level.
Silver 840,064.7 35,166.5 2288.82%
It moved lower to touch an intra day low of 5216. However, it
Crude 777,588.4 36,130.8 2052.15% managed to bounce back from lower levels and moved higher. It
Source – MCX
touched an intra-day high of 5353 level. It ended the day with
moderate gains to close at 5335.
Global Market (Nymex - $)
The Stochastic has moved above its average but still placed in the
3/4/2012 2/4/2012 % Chg. over sold zone. This would lead to short covering and buying
support. However, the RSI is placed below its average, which
Gold (oz) 1,678.00 1,677.50 0.03%
would lead to selling pressure, especially at higher levels. The +DI
Silver (oz) 33.03 33.08 -0.18% line, –DI line and ADX line are moving sideways, indicating a
range bound trend. It faces resistance at 5498, 5550 and 5635
Crude (bbl) 104.95 105.23 -0.27%
while the supports are placed at 5305, 5232, 5182 and 5150
Dollar Index 78.75 78.82 -0.09% levels.
Source – www.cmegroup.com
Intra-day Resistance Intra-day Support
Commodities Close Pivot Point R1 R2 R3 S1 S2 S3
CRUDE APR 12 5335 5301 5387 5438 5575 5250 5164 5027
GOLD JUN 12 28557 28541 28651 28746 28951 28446 28336 28131
SILVER MAY 12 57595 57339 57993 58390 59441 56942 56288 55237
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2. US Economic Calendar:
Tuesday Wednesday Thursday Friday Monday
Apr. 03 Apr. 04 Apr. 05 Apr. 06 Apr. 09
FOMC Minutes ADP Employment Jobless Claims Employment Situation 4-Week Bill
Announcement Report Data Announcement
Factory Orders ISM Non-Mfg Index Money Supply Data Consumer Credit 3-Month Bill Auction
Motor Vehicle Sales EIA Petroleum Status EIA Natural Gas Report Monster Employment 6-Month Bill Auction
Report Index
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