1. Daily Commodity Report
10th January 2012
MCX GOLD (FEB 12) - Gold opened lower at 27737. It moved
Gold Silver Crude
(4 Feb-12) (5 Mar-12) (19 Jan-12)
higher to touch an intra-day high of 27757. However, it failed to
sustain higher on back of selling pressure. It moved lower to touch
Open 27,737 51,940 5,355 an intra-day low of 27551. It ended the day with moderate losses to
High 27,757 52,150 5,370 close at 27578.
Low 27,551 51,366 5,275 The RSI has slipped below its average, which would result in selling
Close 27,578 51,749 5,295
pressure. Moreover, the Stochastic remains placed below its
average, which would also lead to intermediate bouts of selling
Prev. Close 27,762 51,845 5,366 pressure. The ADX and +DI are moving sideways, while the -DI line
% Change -0.66% -0.19% -1.32% has moved above the 30 level indicating sellers are gaining upper
hand. MCX GOLD faces resistance at 27954, 28152, 28960 and
Source – MCX 29212, while the supports are placed at 26347, 25500 and 24992
levels.
Volume (In 000's)
MCX SILVER (MAR 12) - Silver opened higher at 51940. It moved
9/1/2012 7/1/2012 % Chg.
lower to touch an intra-day low of 51366. However, it managed to
Gold (gms) 39,524.0 1,287.0 2971.02% move higher on back of buying support and touched an intra-day
high of 52150. It ended the day with marginal losses to close at
Silver (kgs) 2,087.1 70.2 2874.35%
51749.
Crude (bbl) 21,036.7 585.9 3490.49%
The RSI has slipped below its average, which would lead to selling
Source – MCX
pressure. Moreover, the Stochastic is placed below its average,
which would also lead to intermediate bouts of selling pressure. The
Turnover (In Lacs) ADX and +DI are moving sideways, while -DI line is moving higher
9/1/2012 7/1/2012 % Chg.
and is placed at 31.96, indicating sellers are once again trying to get
an upper hand. MCX Silver faces resistance at 53200, 54184,
Gold 1,092,916.2 35,714.5 2960.15% 56480 levels, while the supports are placed at 50410, 49809, 48477
and 45824 levels.
Silver 1,080,576.5 36,343.8 2873.20%
Crude 1,119,589.3 31,448.9 3460.02% MCX CRUDE (JAN 12) - Crude opened lower at 5355 level. It
moved higher to touch an intra-day high of 5370. However, it failed
Source – MCX to sustain higher and slipped in the red to touch an intra-day low of
5275. It ended the day with moderate losses to close near the lows
Global Market (Nymex - $) for the day at 5295.
10/1/2012 9/1/2012 % Chg.
The RSI and the Stochastic are placed below their respective
Gold (oz) 1,616.90 1,608.10 0.55% averages, which would result in selling pressure. The ADX and -DI
line are moving sideways, while the +DI line has started coming
Silver (oz) 28.84 28.75 0.32%
down and is placed at 32.22 indicating buyers have started
Crude (bbl) 101.49 101.31 0.18% unwinding their positions. It faces resistance at 5380, 5464, 5475
Dollar Index 80.93 80.99 -0.07% and 5500 levels, while the supports are placed at 5200, 5174 and
5115 levels.
Source – www.cmegroup.com
Intra-day Resistance Intra-day Support
Commodities Close Pivot Point R1 R2 R3 S1 S2 S3
CRUDE JAN 12 5295 5313 5352 5408 5503 5257 5218 5123
GOLD FEB 12 27578 27629 27706 27835 28041 27500 27423 27217
SILVER MAR 12 51749 51755 52144 52539 53323 51360 50971 50187
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2. US Economic Calendar:
Tuesday Wednesday Thursday Friday Tuesday
Jan. 10 Jan. 11 Jan. 12 Jan. 13 Jan. 17
NFIB Small Business EIA Petroleum Status Jobless Claims International Trade Empire State Mfg
Optimism Index Report Survey
Wholesale Trade Bank Reserve Retail Sales Consumer Sentiment 10-Yr Note Settlement
Settlement
MBA Purchase Business Inventories Import and Export 6-Month Bill Auction
Applications Prices
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