The daily commodity report summarizes movements in gold, silver, and crude oil futures on the MCX exchange. On March 14th, gold and silver futures closed slightly lower while crude oil futures closed marginally higher. Technical indicators suggest prices may face resistance or support at certain levels in the near future. An economic calendar outlines key US economic data releases for the coming week.

1. Daily Commodity Report
14th March 2012
MCX GOLD (5 APRIL 12) - Gold opened lower at 27958.
Gold Silver Crude
(5 Apr-12) (5 May-12) (19 Mar-12) Incidentally, this was also the highest price recorded for the day. It
moved lower to touch an intra day low of 27760. It ended the day
Open 27,958 58,479 5,333
with modest losses to close at 27832.
High 27,958 58,666 5,358
Low 27,760 57,815 5,297
The Stochastic has slipped below its average and is also placed in
Close 27,832 58,259 5,341 the over bought zone. Moreover, the RSI is placed below its
Prev. Close 27,972 58,392 5,332 average. Both these conditions would lead to profit taking and
selling pressure. The ADX line and +DI line are moving sideways.
% Change -0.50% -0.23% 0.17%
However, the –DI line is placed at 35.39 indicating sellers are
Source – MCX gaining strength. MCX GOLD faces resistance at 28960, 29212 and
29433, while the supports are placed at 27557, 26347 and 25500
Volume (In 000's) levels.
13/3/2012 12/3/2012 % Chg.
Gold (gms) 36,844.0 33,815.0 8.96% MCX SILVER (5 MAY 12) - Silver opened higher at 58479. It moved
Silver (kgs) 2,040.5 2,014.5 1.29%
higher to touch an intra-day high of 58666. However, it failed to
sustain higher. It moved lower to touch an intra day low of 57815. It
Crude (bbl) 12,034.2 12,715.8 -5.36%
ended the day with modest losses to close at 58259.
Source – MCX
Turnover (In Lacs) The RSI and the Stochastic are placed below their respective
averages. This would lead to selling pressure. The –DI, +DI line and
13/3/2012 12/3/2012 % Chg. ADX line are moving sideways, indicating a range bound trend.
Gold 1,026,416.9 946,537.6 8.44% MCX Silver faces resistance at 61708, 65159 and 66261 while the
supports are placed at 56157, 51029 and 50252 levels.
Silver 1,188,610.4 1,181,965.2 0.56%
Crude 641,657.9 676,685.8 -5.18%
MCX CRUDE (19 MARCH 12) - Crude opened higher at 5333 level.
Source – MCX It moved higher to touch an intra-day high of 5358. However, it
failed to sustain higher. It moved lower to touch an intra day low of
Global Market (Nymex - $) 5297. It ended the day with marginal gains to close at 5341.
14/3/2012 13/3/2012 % Chg.
Gold (oz) 1,676.10 1,694.20 -1.07% The RSI and the Stochastic are placed below their respective
Silver (oz) 33.37 33.56 -0.55%
averages, which would lead to selling pressure. The +DI line, –DI
line and ADX line are moving sideways indicating a range bound
Crude (bbl) 106.65 106.71 -0.06%
trend. It faces resistance at 5436, 5462 and 5498 while the supports
Dollar Index 80.21 80.19 0.02% are placed at 5150, 5095, 4905 and 4727 levels.
Source – www.cmegroup.com
Intra-day Resistance Intra-day Support
Commodities Close Pivot Point R1 R2 R3 S1 S2 S3
CRUDE MAR 12 5341 5332 5367 5393 5454 5306 5271 5210
GOLD APR 12 27832 27850 27940 28048 28246 27742 27652 27454
SILVER MAY 12 58259 58247 58678 59098 59949 57827 57396 56545
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2. US Economic Calendar:
Wednesday Thursday Friday Monday Tuesday
Mar. 14 Mar. 15 Mar. 16 Mar. 19 Mar. 20
MBA Purchase Jobless Claims Consumer Price Index Housing Market Index Housing Starts
Applications
Import & Export Prices Producer Price Index Industrial Production 4-Week Bill Ben Bernanke Speech
Announcement
Producer Price Index Consumer Sentiment 6-Month Bill Auction ICSC-Goldman Store
Sales
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