- The daily commodity report summarizes the performance of gold, silver, and crude on the MCX exchange on February 15, 2012. - Gold closed marginally lower, silver closed with modest losses, and crude closed with moderate gains. - Technical indicators like the RSI, stochastic, and ADX line suggest the markets may see range-bound trading with potential for both upside and downside.

1. Daily Commodity Report
15th February 2012
MCX GOLD (APRIL 12) - Gold opened lower at 28062. It moved
Gold Silver Crude
(5 Apr-12) (5 Mar-12) (20 Feb-12) lower to touch an intra-day low of 27958. However, it managed a
bounce back from lower levels. It touched an intra-day high of
Open 28,062 56,571 4,958
28218. It ended the day with marginal losses to close at 28085.
High 28,218 56,956 5,037
Low 27,958 56,220 4,958 The RSI and the Stochastic are placed below their respective
Close 28,085 56,416 4,987 averages, which would lead to profit taking and selling pressure.
The ADX line, -DI line and +DI line are moving sideways, indicating
Prev. Close 28,119 56,664 4,953
a range bound trend. MCX GOLD faces resistance at 28960, 29212
% Change -0.12% -0.44% 0.69% and 29433, while the supports are placed at 27557, 26347 and
Source – MCX 25500 levels.
Volume (In 000's) MCX SILVER (MAR 12) - Silver opened lower at 56571. It moved
14/2/2012 13/2/2012 % Chg. lower to touch an intra-day high of 56220. However, it managed a
bounce back from lower levels. It touched an intra-day high of
Gold (gms) 39,749.0 35,898.0 10.73%
56956. It ended the day with modest losses to close at 56416.
Silver (kgs) 1,727.9 1,414.5 22.16%
Crude (bbl) 14,681.7 12,866.9 14.10% The RSI and the Stochastic are placed below their respective
Source – MCX averages, which would lead to intermediate bouts of selling
pressure and profit taking. The ADX line, +DI line and -DI line are
Turnover (In Lacs) moving sideways, indicating range bound trend. MCX Silver faces
resistance at 57400, 57834, 58480 and 61708, while the supports
14/2/2012 13/2/2012 % Chg. are placed at 54671, 53170 and 51366 levels.
Gold 1,116,076.5 1,009,805.9 10.52%
Silver 977,310.0 802,640.2 21.76% MCX CRUDE (FEB 12) - Crude opened higher at 4958 level.
Incidentally, this was also the lowest price for the day. It moved
Crude 734,469.4 634,544.8 15.75% higher to touch an intra-day high of 5037. It ended the day with
Source – MCX moderate gains to close at 4987.
Global Market (Nymex - $) The RSI is placed above its average, which would lead to regular
15/2/2012 14/2/2012 % Chg. bouts of buying support. However, the Stochastic is placed below its
average and is also placed in the over bought zone, which would
Gold (oz) 1,725.00 1,716.50 0.50%
lead to regular bouts of profit taking. The ADX line, +DI line and –DI
Silver (oz) 33.69 33.33 1.08% line are moving sideways, indicating range bound trend. It faces
Crude (bbl) 101.30 100.74 0.56% resistance at, 5003, 5065 and 5115, while the supports are placed
at 4950, 4903, 4877, 4670 and 4493 levels.
Dollar Index 79.21 79.38 -0.21%
Source – www.cmegroup.com
Intra-day Resistance Intra-day Support
Commodities Close Pivot Point R1 R2 R3 S1 S2 S3
CRUDE FEB 12 4987 4994 5030 5073 5152 4951 4915 4836
GOLD APR 12 28085 28087 28216 28347 28607 27956 27827 27567
SILVER MAR 12 56416 56531 56841 57267 58003 56105 55795 55059
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2. US Economic Calendar:
Wednesday Thursday Friday Tuesday Wednesday
Feb. 15 Feb. 16 Feb. 17 Feb. 21 Feb. 22
Industrial Production Jobless Claims Consumer Price Index 4-Week Bill Existing Home Sales
Announcement
FOMC Meeting Housing Starts Leading Indicators 3-Month Bill Auction Bank Reserve
Minutes Settlement
Housing Market Index Producer Price Index 2-Year Note Auction ICSC-Goldman Store
Sales
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