- The daily commodity report summarizes the closing prices and intraday highs and lows for gold, silver, and crude on the MCX exchange on March 30th, 2012. - Gold closed slightly higher at 28,202 after dropping to an intraday low of 28,085 but rebounding. Silver and crude both closed higher as well but off intraday highs. - Technical indicators like the RSI and stochastic suggest a range-bound trend for all three commodities with potential resistance and support levels outlined.

1. Daily Commodity Report
30th March 2012
MCX GOLD (5 APRIL 12) - Gold opened higher at 28170. It
Gold Silver Crude
(5 Apr-12) (5 May-12) (19 Apr-12)
moved lower to touch an intra day low of 28085. However, it
managed a bounce back. It touched an intra-day high of 28236
Open 28,170 56,682 5,404 level. It ended the day with modest gains to close at 28202.
High 28,236 56,884 5,427
Low 28,085 56,401 5,271 The Stochastic is placed below its average, which would lead to
selling pressure. However, the RSI is placed above its average,
Close 28,202 56,771 5,293 which would lead to buying support at lower levels. The ADX line,
Prev. Close 28,134 56,578 5,397 -DI line and the +DI line are moving sideways, indicating a range
bound trend. MCX GOLD faces resistance at 28960, 29212 and
% Change 0.24% 0.34% -1.93%
29433, while the supports are placed at 28084, 27557, 26517,
Source – MCX 26347 and 25500 levels.
Volume (In 000's) MCX SILVER (5 MAY 12) - Silver opened higher at 56682. It
29/3/2012 28/3/2012 % Chg.
moved higher to touch an intra day high of 56884. However, it
failed to sustain higher and corrected. It touched an intra-day low
Gold (gms) 21,047.0 23,380.0 -9.98% of 56401 level. It ended the day with modest gains to close at
Silver (kgs) 1,652.3 1,810.2 -8.72% 56771.
Crude (bbl) 17,571.9 15,351.7 14.46%
The RSI and the Stochastic are placed below their respective
Source – MCX averages, which would lead to selling pressure. The –DI, +DI line
and ADX line are moving sideways, indicating a range bound
Turnover (In Lacs) trend. MCX Silver faces resistance at 61708, 65159 and 66261
while the supports are placed at 56157, 51029 and 50252 levels.
29/3/2012 28/3/2012 % Chg.
Gold 592,601.3 659,212.0 -10.10% MCX CRUDE (19 APRIL 12) - Crude opened lower at 5404 level.
Silver 935,951.9 1,031,467.5 -9.26% It moved higher to touch an intra-day high of 5427 level. However,
it failed to sustain higher on back of selling pressure. It moved
Crude 943,400.6 831,460.6 13.46% lower to touch an intra day low of 5271. It ended the day with high
Source – MCX losses to close at 5293.
Global Market (Nymex - $) The RSI and the Stochastic are placed below its average. These
conditions would lead to profit taking at and selling pressure.
30/3/2012 29/3/2012 % Chg.
However, the Stochastic is placed in the over sold zone and would
Gold (oz) 1,662.00 1,652.20 0.59% lead to intermediate bouts of short covering. The +DI line, –DI line
and ADX line are moving sideways, indicating a range bound
Silver (oz) 32.30 31.99 0.96%
trend. It faces resistance at 5305, 5498, 5550 and 5635 while the
Crude (bbl) 103.53 102.78 0.73% supports are placed at 5232, 5182 and 5150 levels.
Dollar Index 78.87 79.19 -0.40%
Source – www.cmegroup.com
Intra-day Resistance Intra-day Support
Commodities Close Pivot Point R1 R2 R3 S1 S2 S3
CRUDE APR 12 5293 5330 5390 5486 5642 5234 5174 5018
GOLD APR 12 28202 28174 28264 28325 28476 28113 28023 27872
SILVER MAY 12 56771 56685 56970 57168 57651 56487 56202 55719
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2. US Economic Calendar:
Friday Monday Tuesday Wednesday Thursday
Mar. 30 Apr. 02 Apr. 03 Apr. 04 Apr. 05
Consumer Sentiment ISM Mfg Index FOMC Minutes ADP Employment Jobless Claims
Announcement Report
Personal Income and Construction Spending Factory Orders ISM Non-Mfg Index Money Supply Data
Outlays
Chicago PMI 4-Week Bill Motor Vehicle Sales EIA Petroleum Status EIA Natural Gas Report
Announcement Report
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