The document provides a daily commodity report for gold, silver, and crude on the MCX for January 12, 2012. It summarizes the opening, high, low, and closing prices for each commodity. It also analyzes technical indicators like RSI, Stochastic, ADX, and identifies key resistance and support levels. Volume and turnover data for gold, silver, and crude are also provided for the current date and compared to the previous date. Upcoming economic reports from the US are listed. Resistance and support levels are provided for intraday trading of crude, gold and silver futures.

1. Daily Commodity Report
12th January 2012
MCX GOLD (FEB 12) - Gold opened higher at 27595. It moved
Gold Silver Crude
(4 Feb-12) (5 Mar-12) (19 Jan-12)
lower to touch an intra-day low of 27585. However, it managed to
pull back in the evening session. It moved higher to touch an intra-
Open 27,595 52,663 5,316 day high of 27736. It ended the day with modest gains to close at
High 27,736 52,968 5,316 27657.
Low 27,585 52,230 5,234
The RSI has moved above its average, which would result in buying
Close 27,657 52,607 5,285 support. However, the Stochastic is still placed below its average
Prev. Close 27,537 52,566 5,318
but in the over sold zone and would lead to intermediate bouts of
short covering at lower levels. The ADX line and +DI line are
% Change 0.44% 0.08% -0.62% moving sideways, while the -DI line is placed at 35.90 level
Source – MCX indicating sellers have an upper hand. MCX GOLD faces resistance
at 27954, 28152, 28960 and 29212, while the supports are placed
Volume (In 000's) at 26347, 25500 and 24992 levels.
11/1/2012 10/1/2012 % Chg. MCX SILVER (MAR 12) - Silver opened higher at 52633. It moved
Gold (gms) 37,308.0 49,303.0 -24.33% higher to touch an intra-day high of 52968. However, it failed to
sustain and moved lower on back of selling pressure and touched
Silver (kgs) 1,819.3 2,339.8 -22.25% an intra-day low of 52230. It ended the day with modest flat to close
Crude (bbl) 18,245.0 16,836.7 8.36% at 52607.
Source – MCX
The RSI and the Stochastic are placed above their respective
averages, which would lead to intermediate bouts of buying support.
Turnover (In Lacs)
The ADX line, -DI line and +DI line are moving sideways, indicating
11/1/2012 10/1/2012 % Chg. a range bound trend. MCX Silver faces resistance at 53200, 54184,
56480 levels, while the supports are placed at 50410, 49809, 48477
Gold 1,031,604.0 1,358,335.6 -24.05% and 45824 levels.
Silver 957,987.2 1,227,811.1 -21.98%
MCX CRUDE (JAN 12) - Crude opened lower at 5316 level.
Crude 962,381.6 898,722.0 7.08%
Incidentally, this was the highest price for the day. It failed to sustain
Source – MCX and moved lower on back of selling pressure. It touched an intra-
day low of 5234. It ended the day with modest losses to close the
Global Market (Nymex - $) day at 5285.
12/1/2012 11/1/2012 % Chg.
The RSI and the Stochastic are placed below their respective
Gold (oz) 1,644.70 1,639.60 0.31% averages, which would result in intermediate bouts of selling
pressure. The ADX line, +DI line and -DI line are moving sideways,
Silver (oz) 30.04 29.89 0.49%
indicating a range bound trend. It faces resistance at 5380, 5464,
Crude (bbl) 101.45 100.87 0.57% 5475 and 5500 levels, while the supports are placed at 5200, 5174
Dollar Index 81.24 81.26 -0.02% 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 5285 5278 5323 5360 5442 5241 5196 5114
GOLD FEB 12 27657 27659 27734 27810 27961 27583 27508 27357
SILVER MAR 12 52607 52602 52973 53340 54078 52235 51864 51126
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2. US Economic Calendar:
Thursday Friday Tuesday Wednesday Thursday
Jan. 12 Jan. 13 Jan. 17 Jan. 18 Jan. 19
Jobless Claims International Trade Empire State Mfg Producer Price Index Consumer Price Index
Survey
Retail Sales Consumer Sentiment 10-Yr Note Settlement Industrial Production Housing Starts
Business Inventories Import and Export 6-Month Bill Auction Housing Market Index Jobless Claims
Prices
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