- Gold prices opened unchanged and closed with marginal gains, while silver and crude oil closed flat after initially dropping lower. - Technical indicators show buying support for gold and crude oil but selling pressure for silver. All three commodities are in a range-bound trend. - Resistance and support levels are provided for each commodity.

1. Daily Commodity Report
20th March 2012
Gold Silver Crude
MCX GOLD (5 APRIL 12) - Gold opened unchanged at 27899. It
(5 Apr-12) (5 May-12) (19 Mar-12) moved lower to touch an intra day low of 27772. However, it
Open 27,899 57,349 5,394
managed to move higher. It touched an intra-day high of 27974
level. It ended the day with marginal gains to close at 27901.
High 27,974 57,750 5,418
Low 27,772 56,838 5,341 The Stochastic and the RSI are placed above their respective
Close 27,901 57,505 5,408 averages, which would lead to buying support. The ADX line, -DI
Prev. Close 27,870 57,238 5,378 line and +DI line are moving sideways, indicating range bound
trend. MCX GOLD faces resistance at 28084, 28960, 29212 and
% Change 0.11% 0.47% 0.56%
29433, while the supports are placed at 27557, 26517, 26347 and
Source – MCX
25500 levels.
Volume (In 000's)
MCX SILVER (5 MAY 12) - Silver opened lower at 57349. It
19/3/2012 17/3/2012 % Chg. moved lower to touch an intra day low of 56838. However, it
Gold (gms) 27,328.0 1,425.0 1817.75% managed to move higher. It touched an intra-day high of 57750
Silver (kgs) 1,411.7 35.8 3844.51%
level. It ended the day flat to close at 57505.
Crude (bbl) 10,614.5 967.3 997.33%
The RSI is placed below its average, which would lead to profit
Source – MCX taking and selling pressure. The Stochastic however, is placed
above its average and would lead to buying support at lower
Turnover (In Lacs)
levels. The –DI, +DI line and ADX line are moving sideways,
19/3/2012 17/3/2012 % Chg. indicating a range bound trend. MCX Silver faces resistance at
61708, 65159 and 66261 while the supports are placed at 56157,
Gold 761,282.7 39,698.1 1817.68%
51029 and 50252 levels.
Silver 808,359.1 20,479.9 3847.09%
Crude 571,373.5 51,973.8 999.35% MCX CRUDE (19 MARCH 12) - Crude opened higher at 5394
Source – MCX level. It moved lower to touch an intra day low of 5341. However,
it managed to move higher. It touched an intra-day high of 5418
Global Market (Nymex - $) level. It ended the day with moderate gains to close at 5408.
20/3/2012 19/3/2012 % Chg.
The RSI and the Stochastic are placed above their respective
Gold (oz) 1,656.10 1,667.30 -0.67%
averages, which would lead to buying support. The +DI line, –DI
Silver (oz) 32.66 32.96 -0.91% line and ADX line are moving sideways, indicating a range bound
Crude (bbl) 107.50 108.09 -0.55% trend. It faces resistance at 5436, 5462 and 5498 while the
supports are placed at 5227, 5150, 5095 and 4905 levels.
Dollar Index 79.49 79.47 0.03%
Source – www.cmegroup.com
Intra-day Resistance Intra-day Support
Commodities Close Pivot Point R1 R2 R3 S1 S2 S3
CRUDE MAR 12 5408 5389 5437 5466 5543 5360 5312 5235
GOLD APR 12 27901 27882 27993 28084 28286 27791 27680 27478
SILVER MAY 12 57505 57364 57891 58276 59188 56979 56452 55540
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2. US Economic Calendar:
Tuesday Wednesday Thursday Friday Monday
Mar. 20 Mar. 21 Mar. 22 Mar. 23 Mar. 26
Housing Starts Existing Home Sales Jobless Claims New Home Sales Pending Home Sales
Index
Ben Bernanke Speech EIA Petroleum Status Bloomberg Consumer Dallas Fed Mfg Survey
Report Comfort Index
ICSC-Goldman Store Bank Reserve FHFA House Price Ben Bernanke Speech
Sales Settlement Index
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