- The daily commodity report summarizes prices and trading activity for gold, silver, and crude on the MCX exchange on December 13th, 2011. - Gold prices opened lower and fell further during the day, closing down 0.89% while silver and crude saw more modest losses and gains respectively. - Technical indicators like the RSI and stochastic showed selling pressure for gold and silver, while crude was supported by buyers moving the stochastic above its average.

1. Daily Commodity Report
13th December 2011
MCX GOLD (FEB 12) - Gold opened lower at 29090. Incidentally,
Gold Silver Crude
(4 Feb-11) (5 Mar-11) (19 Dec-11)
this was also the highest price for the day. It moved lower during the
day to touch an intra-day low of 28750. It ended the day with
Open 29,090 56,817 5,180 modest losses to close at 28847.
High 29,090 56,817 5,222
Low 28,750 55,960 5,161 The RSI and Stochastic are placed below their respective averages,
which would lead to selling pressure at regular intervals. The ADX,
Close 28,847 56,143 5,203 +DI and -DI line are moving sideways, indicating a range bound
Prev. Close 29,106 56,933 5,186 trend. MCX GOLD faces resistance at 28960, 29212, 29500, 29800
and 30000, while the supports are placed at 28152, and 27954
% Change -0.89% -1.39% 0.33%
levels.
Source – MCX
MCX SILVER (MAR 12) - Silver opened lower at 56817.
Volume (In 000's) Incidentally, this was also the highest price for the day. It moved
12/12/2011 10/12/2011 % Chg.
lower during the day to touch an intra-day low of 55960. It ended
the day with moderate losses to close at 56143.
Gold (gms) 51,267.0 1,610.0 3084.29%
Silver (kgs) 1,976.2 38.0 5100.42% The RSI has slipped below its average. Moreover, Stochastic is
Crude (bbl) 22,003.9 1,222.3 1700.20%
placed below its average. Both these conditions would lead to
selling pressure. The ADX, -DI and +DI line are moving sideways,
Source – MCX indicating a range bound trend. MCX Silver faces resistance at
61708, 61884 and 64605 levels, while the supports are placed at
Turnover (In Lacs) 54754, 52725, 52365 and 51226 levels.
12/12/2011 10/12/2011 % Chg.
MCX CRUDE (DEC 11) - Crude opened lower at 5180 level. It
Gold 1,479,933.4 46,862.1 3058.06% moved lower to touch an intra-day low of 5161. However, it
Silver 1,111,358.6 21,611.5 5042.44% managed to bounce back to move higher on back of buying support
and touched an intra-day high of 5222. It ended the day with
Crude 1,142,610.9 63,385.1 1702.65% modest gains to close at 5203.
Source – MCX
The RSI is placed below its average, which would lead to selling
Global Market (Nymex - $) pressure. However, the Stochastic has moved above its average
and would lead to buying support and short covering at lower levels
13/12/2011 12/12/2011 % Chg.
The ADX and -DI line are moving sideways, but +DI line is placed at
Gold (oz) 1,654.70 1,664.20 -0.57% 30.68, indicating buyers have an upper hand. It faces resistance at
Silver (oz) 31.16 30.94 0.73%
5250 and 5274 levels, while the supports are placed at 5200, 5174,
5000, 4889, and 4618 levels.
Crude (bbl) 97.84 97.77 0.07%
Dollar Index 79.45 79.56 -0.14%
Source – www.cmegroup.com
Intra-day Resistance Intra-day Support
Commodities Close Pivot Point R1 R2 R3 S1 S2 S3
CRUDE DEC 11 5203 5195 5230 5256 5317 5169 5134 5073
GOLD FEB 11 28847 28896 29041 29236 29576 28701 28556 28216
SILVER MAR 11 56143 56307 56653 57164 58021 55796 55450 54593
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2. US Economic Calendar:
Tuesday Wednesday Thursday Friday Monday
Dec. 13 Dec. 14 Dec. 15 Dec. 16 Dec. 19
FOMC Meeting EIA Petroleum Status
Jobless Claims Data Consumer Price Index Housing Market Index
Announcement Report
Import and Export 4-Week Bill
Retail Sales Data Producer Price Index
Prices Announcement
Bank Reserve
Business Inventories Industrial Production 2-Yr Note Auction
Settlement
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