The daily commodity report summarizes prices and trends in gold, silver, and crude oil futures on the MCX exchange in India on January 31st, 2013. Gold and silver prices declined over 1% and 2% respectively, while crude oil fell slightly. Technical indicators suggest selling pressure on metals but prices may find support at lower levels. Crude oil faced a range-bound trend. The report provides resistance and support price levels for trading on February 5th and analysis of economic indicators and commodity news.

1. Daily Commodity Report
1st February 2013
Gold Silver Crude MCX GOLD (5 FEBRUARY 13) –
31-Jan-13
Gold opened lower at 30200 and moved further higher to touch an
Expiry 5-Feb-13 5-Mar-13 19-Feb-13 intra-day high of 30248. However, it failed to sustain higher and
Open 30,200 59,051 5,207 moved lower to touch an intra-day low of 29794. It touched an
intra-day high of 30297. It ended the day with moderate losses to
High 30,248 59,084 5,227
close at 29871.
Low 29,794 57,472 5,173
The RSI is placed below its average, which would lead to selling
Close 29,871 57,849 5,202 pressure. However, the Stochastic is placed above its average.
Prev. Close 30,217 59,061 5,210 Moreover, both the Stochastic and RSI are placed in the over sold
zone. These positive conditions would result in regular bouts of
% Change -1.15% -2.05% -0.15%
short covering and buying support at lower levels. The –DI line is
Source – MCX placed above the +DI line and is also placed above the 38 level,
indicating sellers are gaining strength. MCX Gold faces resistance
Volume (In 000's) at 30150, 30475, 30916 and 31535 while the support levels are
placed at 30000, 29500 and 29142.
31-Jan-13 30-Jan-13 % Chg.
Gold (gms) 33,120.0 38,773.0 -14.58% MCX SILVER (5 MARCH 13) –
Silver opened higher at 59051 and moved further higher to touch
Silver (kgs) 2,152.2 2,327.6 -7.54% an intra-day high of 59084. However, it failed to sustain higher and
Crude (bbl) 14,899.8 16,844.9 -11.55% moved lower to touch an intra-day low of 57472. It ended the day
with moderate losses to close at 57849.
Source – MCX
The RSI is placed below its average, which would lead to selling
Turnover (In Lacs) pressure. However, the Stochastic is placed above its average. but
is placed in the over sold zone, which would result in regular bouts
31-Jan-13 30-Jan-13 % Chg.
of short covering and buying support at lower levels. The –DI line is
Gold 995,232.7 1,170,091.8 -14.94% placed above the +DI line and but has come off the recent highs
and fallen below the 26 level, indicating sellers have covered their
Silver 1,257,052.0 1,360,328.1 -7.59%
short positions at lower levels. MCX Silver faces resistance at
Crude 774,990.0 878,715.7 -11.80% 59483, 61484, 62164 and 63224 while the supports are placed at
57049, 56372 and 55952 levels.
Source – MCX
MCX CRUDE (19 FEBRUARY 13) –
Global Market (Nymex - $)
Crude opened lower at 5207 and moved further higher to touch an
01/02/2013 31/01/2013 % Chg. intra-day high of 5227. However, it failed to sustain higher and
moved lower to touch an intra-day low of 5173. It ended the day
Gold (oz) 1,663.00 1,662.00 0.06% with marginal losses to close the day at 5202.
Silver (oz) 31.46 31.36 0.32%
The Stochastic has slipped below its average. Moreover, the RSI is
WTI Crude (bbl) 97.48 97.49 -0.01% placed below its average. These negative conditions would lead to
Brent Crude (bbl) 115.82 115.55 0.23% profit taking and selling pressure. The ADX line, +DI line and –DI
are moving sideways, indicating a range bound trend. It faces
Dollar Index 79.22 79.26 -0.05%
resistance at 5300, 5401 and 5476, while the supports are placed
Source – www.cmegroup.com at 5157, 5126 and 5085.
Sanjay Bhatia (AVP – Technical Research)
Email sanjay@keynotecapitals.net Yahoo Id: keytechnicals@yahoo.in
NOTE – Stop Losses should be considered strictly on Closing
Basis
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. Commodity News:
Gold drops 1 percent, erases previous session's rally
Gold fell 1 percent on Thursday, giving up the previous session's gains, weighed down by investor disappointment
over bullion's failure to rally further after data showed a surprise drop in U.S. economic growth. Spot gold was down 1
percent at $1,660.16 an ounce by 11:56 a.m. EST (1656 GMT), having earlier hit a session low of $1,657.54 an ounce.
Oil holds near $115 on hopes for global economy revival
Oil prices dipped below $115 a barrel but remained near a three-month high on Thursday as optimism about global
economic growth boosted demand expectations, while concern over supply continued to underpin strength in the
market.
Turmeric hits 1-week high; pepper rises to 3-month peak
Turmeric futures rose further on Thursday to hit their highest level in more than a week, helped by lower supplies. The
most-active turmeric contract for April delivery on the National Commodity and Derivatives Exchange (NCDEX) was
1.21 per cent up at Rs 6,336 per 100 kg, after hitting a high of Rs 6,430, a level last seen on January 19. Spot turmeric
rose Rs 38 to Rs 5,519 per 100 kg at Nizamabad, a key market in Andhra Pradesh.
Source: ET
Economic Calendar:
Countries / Friday Monday Tuesday
Regions 01/13 04/13 05/13
India FX Reserves, USD (Jan 20)
IBD/TIPP Economic
US Unemployment Rate (Jan) Factory Orders (MoM) (Dec)
Optimism (MoM) (Feb)
ISM Non-Manufacturing PMI
ISM Manufacturing PMI (Jan)
(Jan)
China NBS Manufacturing Euro Producer Price Index HSBC China Services PMI
Global
PMI (Jan) (MoM) (Dec) (Jan)
Euro Unemployment Rate Euro Sentix Investor Euro Markit PMI Composite
(Dec) Confidence (Feb) (Jan)
UK PMI Construction (Jan)
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