- Gold, silver, and crude oil futures prices on the MCX exchange all opened lower on March 15th and closed lower, with gold down 1.4% and silver down 1.76%. - Technical indicators for gold, silver, and crude oil like the stochastic and RSI are below their averages, indicating potential for further price decreases. - Resistance and support levels are provided for gold, silver, and crude oil futures trading on the MCX on March 15th. - The document also provides the latest US economic calendar and a disclaimer.

1. Daily Commodity Report
15th March 2012
MCX GOLD (5 APRIL 12) - Gold opened lower at 27801.
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 27402. It ended the day
Open 27,801 58,200 5,337
with moderate losses to close at 27443.
High 27,801 58,200 5,359
Low 27,402 57,027 5,306
The Stochastic and the RSI are placed below their respective
Close 27,443 57,236 5,341 averages, which would lead to profit taking and selling pressure.
Prev. Close 27,832 58,259 5,341 The ADX line and +DI line are moving sideways. However, the –DI
line is placed at 40.96 indicating sellers are gaining strength. MCX
% Change -1.40% -1.76% 0.00%
GOLD faces resistance at 27557, 28960, 29212 and 29433, while
Source – MCX the supports are placed at 26517, 26347 and 25500 levels.
Volume (In 000's)
MCX SILVER (5 MAY 12) - Silver opened lower at 58200.
14/3/2012 13/3/2012 % Chg.
Incidentally, this was also the highest price recorded for the day. It
Gold (gms) 60,569.0 36,844.0 64.39% moved lower to touch an intra day low of 57027. It ended the day
Silver (kgs) 2,379.1 2,040.5 16.59%
with moderate losses to close at 57236.
Crude (bbl) 13,691.1 12,034.2 13.77%
Source – MCX The RSI and the Stochastic are placed below their respective
averages. This would lead to selling pressure. The –DI, +DI line and
Turnover (In Lacs) ADX line are moving sideways, indicating a range bound trend.
MCX Silver faces resistance at 61708, 65159 and 66261 while the
14/3/2012 13/3/2012 % Chg. supports are placed at 56157, 51029 and 50252 levels.
Gold 1,669,271.2 1,026,416.9 62.63%
Silver 1,374,397.4 1,188,610.4 15.63% MCX CRUDE (19 MARCH 12) - Crude opened lower at 5337 level.
It moved higher to touch an intra-day high of 5359. However, it
Crude 730,097.0 641,657.9 13.78%
failed to sustain higher. It moved lower to touch an intra day low of
Source – MCX 5306. It ended the day unchanged to close at 5341.
Global Market (Nymex - $)
The RSI and the Stochastic are placed below their respective
15/3/2012 14/3/2012 % Chg.
averages, which would lead to selling pressure. The +DI line, –DI
Gold (oz) 1,644.40 1,642.90 0.09% line and ADX line are moving sideways indicating a range bound
Silver (oz) 32.13 32.15 -0.05%
trend. It faces resistance at 5436, 5462 and 5498 while the supports
are placed at 5150, 5095, 4905 and 4727 levels.
Crude (bbl) 105.66 105.43 0.22%
Dollar Index 80.60 80.64 -0.04%
Source – www.cmegroup.com
Intra-day Resistance Intra-day Support
Commodities Close Pivot Point R1 R2 R3 S1 S2 S3
CRUDE MAR 12 5341 5335 5365 5388 5441 5312 5282 5229
GOLD APR 12 27443 27549 27695 27948 28347 27296 27150 26751
SILVER MAY 12 57236 57488 57948 58661 59834 56775 56315 55142
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2. US Economic Calendar:
Thursday Friday Monday Tuesday Wednesday
Mar. 15 Mar. 16 Mar. 19 Mar. 20 Mar. 21
Jobless Claims Consumer Price Index Housing Market Index Housing Starts Existing Home Sales
Producer Price Index Industrial Production 4-Week Bill Ben Bernanke Speech EIA Petroleum Status
Announcement Report
Producer Price Index Consumer Sentiment 6-Month Bill Auction ICSC-Goldman Store Bank Reserve
Sales Settlement
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