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Daily Commodity Report

                                                                                                                          22nd May 2012
                                                                   MCX GOLD (5 JUNE 12) - Gold opened higher at 29018. It moved
                    Gold           Silver            Crude
                   (5 Jun-12)     (5 Jul-12)       (19 Jun-12)     lower to touch an intra-day low of 28956. However, it managed a
                                                                   bounce back from lower levels to touch an intra-day high of 29174.
 Open                 29,018            54,525          5,069      It ended the day with modest gains to close at 29035.
 High                 29,174            54,805          5,133
                                                                   The RSI and the Stochastic are placed above their respective
 Low                  28,956            53,865          5,055      averages. These conditions would lead to buying support at regular
 Close                29,035            54,130          5,126      intervals. However, the Stochastic is placed in the over bought zone
                                                                   and would lead to profit taking at higher levels. The ADX line, the –
 Prev. Close          28,973            54,576          5,055      DI line and the +DI line are moving sideways, indicating a range
 % Change              0.21%            -0.82%          1.40%      bound trend. MCX GOLD faces resistance at 29212, 29433 and
                                                                   30000 while the supports are placed at 28960, 28084, 27855,
Source – MCX
                                                                   27557 and 26517 levels.
                    Volume (In 000's)                              MCX SILVER (5 JULY 12) - Silver opened lower at 54525. It
                    21/5/2012      19/5/2012           % Chg.
                                                                   moved higher to touch an intra-day high of 54805. However, it failed
                                                                   to sustain higher and moved lower to touch an intra-day low of
 Gold (gms)          33,330.0           2,422.0     1276.14%       53865. It ended the day with moderate losses to close at 54130.
 Silver (kgs)         1,983.8             61.8      3110.10%
                                                                   The RSI and the Stochastic are placed above their respective
 Crude (bbl)          9,282.0            764.1      1114.76%       averages. These conditions would lead to buying support at regular
Source – MCX
                                                                   intervals. However, the Stochastic is placed in the over bought zone
                                                                   and would lead to profit taking. The ADX line and the -DI line are
                                                                   trending higher and both are placed above the 30 level indicating
                   Turnover (In Lacs)
                                                                   sellers have an upper hand. MCX Silver faces resistance at 55551,
                    21/5/2012      19/5/2012           % Chg.      56157, 57737, 61708 and 65159 while the supports are placed at
                                                                   51029, 50252 and 48562 levels.
Gold                968,665.2       70,184.0        1280.18%
                                                                   MCX CRUDE (19 June 12) - Crude opened higher at 5069 level. It
Silver            1,076,555.9       33,731.0        3091.60%
                                                                   moved lower to touch an intra-day low of 5055. However, it
Crude               472,972.9       38,257.4        1136.29%       managed to bounce back and moved higher to touch an intra-day
Source – MCX
                                                                   high of 5133. It ended the day with moderate gains to close at
                                                                   5126.
                Global Market (Nymex - $)                          The RSI and the Stochastic have moved above their respective
                    22/5/2012      21/5/2012           % Chg.      averages, which would lead to buying support. Moreover, both are
                                                                   also placed around the over sold zone, which would lead to regular
Gold (oz)            1,591.10       1,588.40            0.17%
                                                                   bouts of short covering. The +DI line is moving sideways, while the
Silver (oz)             28.46            28.31          0.53%      ADX line and the –DI line are trending and are placed above the 30
Crude (bbl)             92.63            92.57          0.06%      level, however, the –DI line has come off its recent highs and is
                                                                   currently placed at 32.31 indicating sellers are covering shorts at
Dollar Index            81.07            81.08         -0.02%
                                                                   regular intervals. It faces resistance at 5058, 5160, 5264 and 5392,
Source – www.cmegroup.com                                          while the supports are placed at 5000, 4905 and 4722 levels.

                                                                              Intra-day Resistance              Intra-day Support
     Commodities                Close             Pivot Point
                                                                        R1          R2          R3           S1               S2      S3

CRUDE JUN 12                     5126                   5105          5154        5183       5261          5076          5027        4949

GOLD JUN 12                     29035                  29055         29154       29273      29491         28936        28837        28619

SILVER JUL 12                   54130                  54267         54668       55207      56147         53728        53327        52387


                                                                 Keynote Capitals Ltd.
                     The Ruby, 9th Floor, Senapati Bapat Marg, Dadar (W), Mumbai – 400 028. Tel: 3026 6000. Fax: 3026 6088.
                                                                 www.keynotecapitals.com
US Economic Calendar:

      Tuesday                 Wednesday                     Thursday                      Friday                     Tuesday
       May 22                  May 23                        May 24                       May 25                      May 29
Existing Home Sales     New Home Sales               Jobless Claims              Consumer Sentiment           Consumer Confidence

ICSC-Goldman Store      EIA Petroleum Status         Durable Goods                                            Dallas Fed Mfg
Sales                   Report                       Orders                                                   Survey
Richmond Fed            MBA Purchase                 Bloomberg Consumer                                       State Street Investor
Manufacturing Index     Applications                 Comfort Index                                            Confidence Index




                                                      Keynote Capitals Ltd.
                The Ruby, 9th Floor, Senapati Bapat Marg, Dadar (W), Mumbai – 400 028. Tel: 3026 6000. Fax: 3026 6088.
                                                      www.keynotecapitals.com
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take into account the particular investment objectives, financial situations, or needs of individual clients.
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use of this document. The recipients of this material should rely on their own investigations and take their own professional advice. Price
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                                                            Keynote Capitals Ltd.
                    The Ruby, 9th Floor, Senapati Bapat Marg, Dadar (W), Mumbai – 400 028. Tel: 3026 6000. Fax: 3026 6088.
                                                            www.keynotecapitals.com

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Keynote commodity daily report 220512

  • 1. Daily Commodity Report 22nd May 2012 MCX GOLD (5 JUNE 12) - Gold opened higher at 29018. It moved Gold Silver Crude (5 Jun-12) (5 Jul-12) (19 Jun-12) lower to touch an intra-day low of 28956. However, it managed a bounce back from lower levels to touch an intra-day high of 29174. Open 29,018 54,525 5,069 It ended the day with modest gains to close at 29035. High 29,174 54,805 5,133 The RSI and the Stochastic are placed above their respective Low 28,956 53,865 5,055 averages. These conditions would lead to buying support at regular Close 29,035 54,130 5,126 intervals. However, the Stochastic is placed in the over bought zone and would lead to profit taking at higher levels. The ADX line, the – Prev. Close 28,973 54,576 5,055 DI line and the +DI line are moving sideways, indicating a range % Change 0.21% -0.82% 1.40% bound trend. MCX GOLD faces resistance at 29212, 29433 and 30000 while the supports are placed at 28960, 28084, 27855, Source – MCX 27557 and 26517 levels. Volume (In 000's) MCX SILVER (5 JULY 12) - Silver opened lower at 54525. It 21/5/2012 19/5/2012 % Chg. moved higher to touch an intra-day high of 54805. However, it failed to sustain higher and moved lower to touch an intra-day low of Gold (gms) 33,330.0 2,422.0 1276.14% 53865. It ended the day with moderate losses to close at 54130. Silver (kgs) 1,983.8 61.8 3110.10% The RSI and the Stochastic are placed above their respective Crude (bbl) 9,282.0 764.1 1114.76% averages. These conditions would lead to buying support at regular Source – MCX intervals. However, the Stochastic is placed in the over bought zone and would lead to profit taking. The ADX line and the -DI line are trending higher and both are placed above the 30 level indicating Turnover (In Lacs) sellers have an upper hand. MCX Silver faces resistance at 55551, 21/5/2012 19/5/2012 % Chg. 56157, 57737, 61708 and 65159 while the supports are placed at 51029, 50252 and 48562 levels. Gold 968,665.2 70,184.0 1280.18% MCX CRUDE (19 June 12) - Crude opened higher at 5069 level. It Silver 1,076,555.9 33,731.0 3091.60% moved lower to touch an intra-day low of 5055. However, it Crude 472,972.9 38,257.4 1136.29% managed to bounce back and moved higher to touch an intra-day Source – MCX high of 5133. It ended the day with moderate gains to close at 5126. Global Market (Nymex - $) The RSI and the Stochastic have moved above their respective 22/5/2012 21/5/2012 % Chg. averages, which would lead to buying support. Moreover, both are also placed around the over sold zone, which would lead to regular Gold (oz) 1,591.10 1,588.40 0.17% bouts of short covering. The +DI line is moving sideways, while the Silver (oz) 28.46 28.31 0.53% ADX line and the –DI line are trending and are placed above the 30 Crude (bbl) 92.63 92.57 0.06% level, however, the –DI line has come off its recent highs and is currently placed at 32.31 indicating sellers are covering shorts at Dollar Index 81.07 81.08 -0.02% regular intervals. It faces resistance at 5058, 5160, 5264 and 5392, Source – www.cmegroup.com while the supports are placed at 5000, 4905 and 4722 levels. Intra-day Resistance Intra-day Support Commodities Close Pivot Point R1 R2 R3 S1 S2 S3 CRUDE JUN 12 5126 5105 5154 5183 5261 5076 5027 4949 GOLD JUN 12 29035 29055 29154 29273 29491 28936 28837 28619 SILVER JUL 12 54130 54267 54668 55207 56147 53728 53327 52387 Keynote Capitals Ltd. The Ruby, 9th Floor, Senapati Bapat Marg, Dadar (W), Mumbai – 400 028. Tel: 3026 6000. Fax: 3026 6088. www.keynotecapitals.com
  • 2. US Economic Calendar: Tuesday Wednesday Thursday Friday Tuesday May 22 May 23 May 24 May 25 May 29 Existing Home Sales New Home Sales Jobless Claims Consumer Sentiment Consumer Confidence ICSC-Goldman Store EIA Petroleum Status Durable Goods Dallas Fed Mfg Sales Report Orders Survey Richmond Fed MBA Purchase Bloomberg Consumer State Street Investor Manufacturing Index Applications Comfort Index Confidence Index Keynote Capitals Ltd. The Ruby, 9th Floor, Senapati Bapat Marg, Dadar (W), Mumbai – 400 028. Tel: 3026 6000. Fax: 3026 6088. www.keynotecapitals.com
  • 3. Disclaimer This document is not for public distribution and has been furnished to you solely for your information and must not be reproduced or redistributed to any other person. Persons into whose possession this document may come are required to observe these restrictions. This material is for the personal information of the authorized recipient, and we are not soliciting any action based upon it. This report is not to be construed as an offer to sell or the solicitation of an offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. It is for the general information of clients of Keynote Capitals Ltd. It does not constitute a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual clients. We have reviewed the report, and in so far as it includes current or historical information, it is believed to be reliable though its accuracy or completeness cannot be guaranteed. Neither Keynote Capitals Ltd., nor any person connected with it, accepts any liability arising from the use of this document. The recipients of this material should rely on their own investigations and take their own professional advice. Price and value of the investments referred to in this material may go up or down. Past performance is not a guide for future performance. Certain transactions -including those involving futures, options and other derivatives as well as non-investment grade securities - involve substantial risk and are not suitable for all investors. Reports based on technical analysis centers on studying charts of a stock’s price movement and trading volume, as opposed to focusing on a company’s fundamentals and as such, may not match with a report on a company’s fundamentals. Opinions expressed are our current opinions as of the date appearing on this material only. While we endeavor to update on a reasonable basis the information discussed in this material, there may be regulatory, compliance, or other reasons that prevent us from doing so. Prospective investors and others are cautioned that any forward-looking statements are not predictions and may be subject to change without notice. Our proprietary trading and investment businesses may make investment decisions that are inconsistent with the recommendations expressed herein. We and our affiliates, officers, directors, and employees world wide may: (a) from time to time, have long or short positions in, and buy or sell the securities thereof, of company (ies) mentioned herein or (b) be engaged in any other transaction involving such securities and earn brokerage or other compensation or act as a market maker in the financial instruments of the company (ies) discussed herein or act as advisor or lender / borrower to such company (ies) or have other potential conflict of interest with respect to any recommendation and related information and opinions. The analyst for this report certifies that all of the views expressed in this report accurately reflect his or her personal views about the subject company or companies and its or their securities, and no part of his or her compensation was, is or will be, directly or indirectly related to specific recommendations or views expressed in this report. No part of this material may be duplicated in any form and/or redistributed without Keynote Capitals Ltd’s., prior written consent. Keynote Capitals Ltd. The Ruby, 9th Floor, Senapati Bapat Marg, Dadar (W), Mumbai – 400 028. Tel: 3026 6000. Fax: 3026 6088. www.keynotecapitals.com