1. Daily Commodity Report
13th March 2012
MCX GOLD (5 APRIL 12) - Gold opened higher at 28015. It moved
Gold Silver Crude
(5 Apr-12) (5 May-12) (19 Mar-12)
higher to touch an intra-day high of 28084. However, it failed to
sustain higher. It moved lower to touch an intra day low of 27902. It
Open 28,015 58,980 5,345 ended the day flat to close at 27972.
High 28,084 59,173 5,355
Low 27,902 58,222 5,287 The RSI is placed below its average, but is on verge of moving
above its average. The Stochastic is placed above its average, but
Close 27,972 58,392 5,332 in the over bought zone, which would lead to profit taking at regular
Prev. Close 27,982 59,052 5,348 intervals. The ADX line and +DI line are moving sideways.
However, the –DI line is placed above 30 indicating sellers are
% Change -0.04% -1.12% -0.30%
gaining strength. MCX GOLD faces resistance at 28960, 29212 and
Source – MCX 29433, while the supports are placed at 27557, 26347 and 25500
levels.
Volume (In 000's)
12/3/2012 10/3/2012 % Chg.
MCX SILVER (5 MAY 12) - Silver opened lower at 58980. It moved
higher to touch an intra-day high of 59173. However, it failed to
Gold (gms) 33,815.0 1,330.0 2442.48% sustain higher. It moved lower to touch an intra day low of 58222. It
Silver (kgs) 2,014.5 47.9 4104.70% ended the day with moderate losses to close at 58392.
Crude (bbl) 12,715.8 262.2 4749.66%
The RSI and the Stochastic have slipped below their respective
Source – MCX averages. More so the Stochastic is placed in the over bought zone.
This would lead to selling pressure. The –DI, +DI line and ADX line
Turnover (In Lacs) are moving sideways, indicating a range bound trend. MCX Silver
faces resistance at 61708, 65159 and 66261 while the supports are
12/3/2012 10/3/2012 % Chg.
placed at 56157, 51029 and 50252 levels.
Gold 946,537.6 37,228.5 2442.51%
Silver 1,181,965.2 28,318.4 4073.84% MCX CRUDE (19 MARCH 12) - Crude opened lower at 5345 level.
It moved higher to touch an intra-day high of 5355. However, it
Crude 676,685.8 14,027.9 4723.86% failed to sustain higher. It moved lower to touch an intra day low of
Source – MCX 5287. It ended the day with modest losses to close at 5332.
Global Market (Nymex - $) The RSI and the Stochastic have slipped below their respective
13/3/2012 12/3/2012 % Chg.
averages, which would lead to selling pressure. The +DI line, –DI
line and ADX line are moving sideways indicating a range bound
Gold (oz) 1,704.70 1,699.80 0.29% trend. It faces resistance at 5436, 5462 and 5498 while the supports
Silver (oz) 33.66 33.37 0.84% are placed at 5150, 5095, 4905 and 4727 levels.
Crude (bbl) 106.97 106.34 0.59%
Dollar Index 79.72 79.89 -0.22%
Source – www.cmegroup.com
Intra-day Resistance Intra-day Support
Commodities Close Pivot Point R1 R2 R3 S1 S2 S3
CRUDE MAR 12 5332 5325 5362 5393 5461 5294 5257 5189
GOLD APR 12 27972 27986 28070 28168 28350 27888 27804 27622
SILVER MAY 12 58392 58596 58969 59547 60498 58018 57645 56694
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