- Gold opened higher at its highest price of the day but failed to sustain gains and closed with a marginal increase. - Silver also opened higher but moved lower intraday before closing with a small gain. - Crude oil opened lower, reached a daily low, but recovered slightly to close with a minor loss. - Technical indicators show mixed signals for gold and silver, suggesting a range-bound trend, while crude oil indicators point to continued buying support.

1. Daily Commodity Report
28th May 2012
MCX GOLD (5 JUNE 12) - Gold opened higher at 28964.
Gold Silver Crude
(5 Jun-12) (5 Jul-12) (19 Jun-12) Incidentally, this was the highest price recorded for the day. It failed
to sustain higher and moved lower to touch an intra-day low of
Open 28,964 54,481 5,055 28918. It ended the day with marginal gains to close at 28925.
High 28,964 54,535 5,056
The RSI is placed above its average but is on verge of breaching it.
Low 28,918 54,465 5,047
The Stochastic remains placed below its average but has moved
Close 28,925 54,479 5,054 close to the over sold zone, which would lead to short covering
especially at lower levels. The ADX line, the –DI line and the +DI
Prev. Close 28,902 54,426 5,056
line are moving sideways, indicating a range bound trend. MCX
% Change 0.08% 0.10% -0.04% GOLD faces resistance at 28960, 29212, 29433 and 30000 while
Source – MCX the supports are placed at 28084, 27855, 27557 and 26517 levels.
Volume (In 000's)
MCX SILVER (5 JULY 12) - Silver opened higher at 54481. It
moved higher to touch an intra-day high of 54535. However, it failed
26/5/2012 25/5/2012 % Chg. to sustain higher and lower and touch an intra-day low of 54465. It
ended the day with marginal gains to close at 54479.
Gold (gms) 1,427.0 32,176.0 -95.57%
Silver (kgs) 46.1 1,843.7 -97.50% The RSI and the Stochastic are placed above their respective
averages, which would lead to buying support at regular intervals,
Crude (bbl) 262.9 11,545.4 -97.72%
which would lead to buying support. Though the ADX line is
Source – MCX trending +DI line and –DI line are moving sideways, indicating a
range bound trend. MCX Silver faces resistance at 55551, 56157,
Turnover (In Lacs) 57737, 61708 and 65159 while the supports are placed at 51029,
50252 and 48562 levels.
26/5/2012 25/5/2012 % Chg.
Gold 41,293.3 927,236.6 -95.55% MCX CRUDE (19 June 12) - Crude opened lower at 5055 level. It
moved lower to touch an intra-day low of 5047. However, it
Silver 25,095.9 998,957.9 -97.49% managed to bounce back from lower levels to move higher and
Crude 13,282.9 584,629.9 -97.73% touch an intra-day high of 5056. It ended the day with marginal
losses to close at 5054.
Source – MCX
The RSI is placed above its average, which would lead to buying
Global Market (Nymex - $)
support. However, the Stochastic is placed below its average and
28/5/2012 26/5/2012 % Chg. would lead to regular bouts of profit taking. The +DI line is moving
sideways. Though, the ADX line and the -DI line are trending above
Gold (oz) 1,575.00 1,568.90 0.39%
the 30 level, these have come off their recent highs, indicating
Silver (oz) 28.62 28.37 0.88% sellers are covering their shorts at regular intervals. It faces
Crude (bbl) 91.75 90.86 0.98% resistance at 5058, 5160, 5264 and 5392, while the supports are
placed at 5000, 4905 and 4722 levels.
Dollar Index 81.95 82.40 -0.55%
Source – www.cmegroup.com
Intra-day Resistance Intra-day Support
Commodities Close Pivot Point
R1 R2 R3 S1 S2 S3
CRUDE JUN 12 5054 5052 5058 5061 5070 5049 5043 5034
GOLD JUN 12 28925 28936 28953 28982 29028 28907 28890 28844
SILVER JUL 12 54479 54493 54521 54563 54633 54451 54423 54353
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2. US Economic Calendar:
Tuesday Wednesday Thursday Friday Monday
May 29 May 30 May 31 Jun 01 Jun 04
Consumer Pending Home Sales GDP Data Employment Situation Factory Orders
Confidence Index
Dallas Fed Mfg MBA Purchase Jobless Claims Personal Income and 4-Week Bill
Survey Applications Outlays Announcement
State Street Investor ICSC-Goldman Store ADP Employment Construction 6-Month Bill Auction
Confidence Index Sales Report Spending
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