1. Daily Commodity Report
27th April 2012
MCX GOLD (5 JUNE 12) - Gold opened higher at 28859. It
Gold Silver Crude
(5 Jun-12) (5 May-12) (21 May-12) moved lower to touch an intra day low of 28839 but managed to
bounce back from lower levels. It moved higher to touch an intra-
Open 28,859 55,334 5,505 day high of 29043 level. It ended the day with moderate gains to
High 29,043 56,048 5,519 close at 29030.
Low 28,839 55,259 5,474
The RSI is placed above its average, which would lead to buying
Close 29,030 55,924 5,504 support. Moreover, the Stochastic has moved above its average
but remains placed in the over bought zone, which would lead to
Prev. Close 28,840 55,194 5,504
profit taking especially at higher levels. The ADX line and the -DI
% Change 0.66% 1.32% 0.00% line are moving sideways, but the +DI line has moved higher and
Source – MCX is placed at 34.38 level indicating buyers gaining strength. MCX
GOLD faces resistance at 29212 and 29433, while the supports
are placed at 28960, 28084, 27557, 26517 and 26347 levels.
Volume (In 000's)
26/4/2012 25/4/2012 % Chg. MCX SILVER (5 MAY 12) - Silver opened higher at 55334. It
moved lower to touch an intra day low of 55259 but managed to
Gold (gms) 27,903.0 40,434.0 -30.99%
bounce back from lower levels. It moved higher to touch an intra-
Silver (kgs) 1,568.7 2,304.7 -31.93% day high of 56048 level. It ended the day with moderate gains to
close at 55924.
Crude (bbl) 10,957.8 16,400.7 -33.19%
Source – MCX The RSI and the Stochastic both have moved above their
respective averages. These conditions would lead to buying
Turnover (In Lacs) support. The ADX line, +DI line and –DI line are moving sideways,
indicating a range bound trend. MCX Silver faces resistance at
26/4/2012 25/4/2012 % Chg. 56157, 57737, 61708 and 65159 while the supports are placed at
Gold 807,551.7 1,163,621.4 -30.60% 55551, 51029 and 50252 levels.
Silver 872,215.6 1,272,007.7 -31.43% MCX CRUDE (19 May 12) - Crude opened flat at 5505 level. It
Crude 602,169.6 898,264.1 -32.96% moved lower to touch an intra day low of 5474 but managed to
bounce back from lower levels. It moved higher to touch an intra-
Source – MCX day high of 5519 level. It ended the day unchanged at 5504.
Global Market (Nymex - $) The RSI and the Stochastic are placed above their respective
27/4/2012 26/4/2012 % Chg.
averages. These conditions would lead to buying support.
However, the Stochastic is placed in the over bought zone, which
Gold (oz) 1,644.40 1,641.40 0.18% would lead to profit taking, especially at higher levels. The ADX
Silver (oz) 30.66 30.36 1.00% line, –DI line and +DI line are moving sideways, indicating a range
bound trend. It faces resistance at 5512, 5550 and 5635 while the
Crude (bbl) 103.99 104.12 -0.12% supports are placed at 5498, 5403, 5335, 5305, 5232 and 5182
Dollar Index 79.14 79.35 -0.27% levels.
Source – www.cmegroup.com
Intra-day Resistance Intra-day Support
Commodities Close Pivot Point R1 R2 R3 S1 S2 S3
CRUDE MAY 12 5504 5499 5524 5544 5589 5479 5454 5409
GOLD JUN 12 29030 28971 29102 29175 29379 28898 28767 28563
SILVER MAY 12 55924 55744 56228 56533 57322 55439 54955 54166
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2. US Economic Calendar:
Friday Monday Tuesday Wednesday Thursday
Apr. 27 Apr. 30 May 01 May 02 May 03
GDP Data Personal Income and ISM Mfg Index Factory Orders Jobless Claims
Outlays
Employment Cost Chicago PMI Data Motor Vehicle Sales ADP Employment Productivity and Costs
Index Report
Consumer Sentiment Dallas Fed Mfg Construction EIA Petroleum Status ISM Non-Mfg Index
Survey Spending Report
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