The daily commodity report summarizes movements in gold, silver, and crude futures contracts. On July 25th, gold futures closed slightly higher while silver and crude closed lower. Technical indicators show buying support for gold and silver but also the potential for intermittent profit taking, while crude may face selling pressure. Key resistance and support levels are provided.

1. Daily Commodity Report
25th July 2012
MCX GOLD (4 AUGUST 12) - Gold opened lower at 29441 and
Gold Silver Crude
(4 Aug-12) (5 Sep-12) (20 Aug-12)
moved further lower to touch an intra-day low of 29392. However, it
managed to bounce back from lower levels to touch an intra-day
Open 29,441 52,914 5,019 high of 29584. It ended the day with modest gains to close the day
High 29,584 53,078 5,019 at 29568.
Low 29,392 52,570 4,940 The RSI and the Stochastic are placed above their respective
Close 29,568 52,828 4,993 averages, which would result in buying support. However, the
Stochastic has moved in the over bought zone and would lead to
Prev. Close 29,448 52,923 5,025
intermediate bouts of profit taking. The ADX line, +DI line and –DI
% Change 0.41% -0.18% -0.64% line are moving sideways, indicating a range bound trend. MCX
GOLD faces resistance at 29668, 30179, 30340, 30428 and 31000,
Source – MCX
while the supports are placed at 28859, 28765 and 27962 levels.
Volume (In 000's)
MCX SILVER (5 SEPT 12) - Silver opened lower at 52914 but
24/7/2012 23/7/2012 % Chg. managed to bounce back and moved higher to touch an intra-day
high of 53078. However, it failed to sustain higher and moved lower
Gold (gms) 34,633.0 40,149.0 -13.74% to touch an intra-day low of 52570. It ended the day with marginal
Silver (kgs) 1,426.1 1,375.4 3.68% losses to close at 52828.
Crude (bbl) 33,039.6 34,095.0 -3.10%
The RSI and the Stochastic are placed above their respective
Source – MCX averages, which would result in buying support. However, the
Stochastic has also is placed in the over bought zone, which would
Turnover (In Lacs) lead to intermediate bouts of profit taking. The ADX line, +DI line
and –DI line are moving sideways, indicating a range bound trend.
24/7/2012 23/7/2012 % Chg. MCX Silver faces resistance at 53675, 54570, 55551, 56157 and
Gold 1,021,440.9 1,179,454.9 -13.40%
57737 while the supports are placed at 51559, 51029, and 50252
levels.
Silver 753,265.9 726,023.7 3.75%
Crude 1,646,158.8 1,706,243.1 -3.52%
MCX CRUDE (20 August 12) - Crude opened lower at 5019 level.
Incidentally, this was the highest price recorded for the day. It
Source – MCX moved lower to touch an intra-day low of 4940. It ended the day
with moderate losses to close at 4993.
Global Market (Nymex - $)
The RSI and the Stochastic are already placed below their
25/7/2012 24/7/2012 % Chg.
respective averages, which would lead to selling pressure. The +DI
Gold (oz) 1,582.60 1,576.20 0.41% line and ADX line are moving lower and have come off their recent
Silver (oz) 26.87 26.79 0.28% highs, indicating buyers are booking profits at regular intervals. It
faces resistance at 5184, 5217 and 5290 while the supports are
Crude (bbl) 88.40 88.50 -0.11%
placed at 4777, 4737 and 4681.
Dollar Index 83.95 84.01 -0.07%
Source – www.cmegroup.com
Intra-day Resistance Intra-day Support
Commodities Close Pivot Point R1 R2 R3 S1 S2 S3
CRUDE AUG 12 4993 4984 5028 5063 5142 4949 4905 4826
GOLD AUG 12 29568 29515 29637 29707 29899 29445 29323 29131
SILVER SEP 12 52828 52825 53081 53333 53841 52573 52317 51809
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2. US Economic Calendar:
Wednesday Thursday Friday Monday Tuesday
Jul 25 Jul 26 Jul 27 Jul 30 Jul 31
New Home Sales Jobless Claims GDP Data Dallas Fed Mfg Survey FOMC Meeting
EIA Petroleum Status Durable Goods Orders Consumer Sentiment 4-Week Bill Personal Income and
Report Announcement Outlays
MBA Purchase Pending Home Sales 3-Month Bill Auction Consumer Confidence
Applications Index
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