The daily commodity report summarizes the movement of gold, silver, and crude prices on the MCX exchange on March 6th, 2013. Gold prices opened lower but rose intraday before closing with modest losses. Silver opened higher and peaked intraday but also closed with losses. Crude opened and closed higher with moderate gains. Technical indicators for all three commodities showed sellers were in control but covering shorts, suggesting prices may rise. Upcoming economic reports and data were also summarized.

1. Daily Commodity Report
6th March 2013
Gold Silver Crude MCX GOLD (5 APRIL 13) –
05-Mar-13
Expiry 5-Apr-13 4-May-13 19-Mar-13 Gold opened lower at 29649. It managed to move higher and
Open 29,649 54,905 4,955 touched an intra-day high of 29753. However, it failed to sustain
higher and moved lower to touch an intra-day low of 29556. It
High 29,753 55,435 4,990
ended the day with modest losses to close at 29569.
Low 29,556 54,665 4,955
The RSI and the Stochastic are placed above their respective
Close 29,569 54,713 4,977 averages, which would lead to buying support. The –DI line and
ADX line are placed above the +DI line and above the 30 level,
Prev. Close 29,668 54,820 4,951
indicating sellers have an upper hand but it has also come off its
% Change -0.33% -0.20% 0.53% recent highs, indicating sellers are also covering their shorts
Source – MCX regularly. MCX Gold faces resistance at 30000, 30150, 30475, and
30916 while the support levels are placed at 29500, 29142 and
Volume (In 000's) 28765.
5-Mar-13 4-Mar-13 % Chg. MCX SILVER (4 MAY 13) –
Gold (gms) 39,094.0 27,980.0 39.72% Silver opened higher at 54905 and moved further higher to touch
Silver (kgs) 1,807.7 1,356.5 33.25% an intra-day high of 55435. However, it failed to sustain higher and
moved lower to touch an intra-day low of 54665. It ended the day
Crude (bbl) 13,906.8 19,035.6 -26.94%
with modest losses to close at 54713.
Source – MCX
The RSI and the Stochastic are placed above their respective
averages, which would lead to buying support. . The –DI line and
Turnover (In Lacs)
ADX line are placed above the +DI line and above the 31 level,
5-Mar-13 4-Mar-13 % Chg. indicating sellers have an upper hand but it has also come off its
recent highs, indicating sellers are also covering their shorts
Gold 1,159,056.9 830,344.2 39.59% regularly. MCX Silver faces resistance at 55952, 56372, and
Silver 995,257.9 743,887.7 33.79% 56613 while the supports are placed at 53621, 52622, 51660,
51201 and 50218 levels.
Crude 691,570.4 948,145.8 -27.06%
Source – MCX MCX CRUDE (19 MARCH 13) –
Global Market (Nymex - $) Crude opened higher at 4955 Incidentally, this was the lowest price
recorded for the day. However, it managed to move higher and
04/03/2013 02/02/2013 % Chg. touched an intra-day high of 4990. It ended the day with moderate
gains to close the day at 4977.
Gold (oz) 1,577.90 1,574.90 0.19%
Silver (oz) 28.76 28.61 0.52% The RSI and the Stochastic are placed below their respective
averages, which would lead to selling pressure. The –DI line and
WTI Crude (bbl) 91.07 90.82 0.28%
ADX line are placed above the +DI line and above the 32 level,
Brent Crude (bbl) 111.98 111.59 0.35% indicating sellers have an upper hand but it has also come off its
Dollar Index 81.95 82.07 -0.15%
recent highs, indicating sellers are also covering their shorts
regularly. MCX Crude faces resistance at 4989, 5065, 5085, 5122
Source – www.cmegroup.com and 5157, while the supports are placed at 4834 and 4776, 4652
and 4593.
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:
Oil soars to $111 as China growth hope spurs buying
Oil rose towards $111 per barrel on Tuesday, bucking a five-day losing streak after China's vow to deliver strong
economic growth sparked fresh buying. Gains were limited, however, as investors eyed a raft of medium-term
concerns, including rising supplies, a fiscal crisis in the US and the deepening downturn in the euro zone. Brent crude
futures rose 66 cents to $110.75 per barrel at 1022 GMT, while US crude added 31 cents to $90.43.
Gold snaps 4-day decline on expectations of easy money
Gold firmed on Tuesday to snap four sessions of decline, with investors expecting major central banks to stick to loose
monetary policy at meetings later this week, supporting bullion's appeal as a hedge against inflation.
Copper futures rise on global cues, spot demand
Buoyed by a firm global trend and increased domestic demand, copper prices rose marginally by 0.10% to Rs 435.35
per kg in futures trade today.
Source: ET
Economic Calendar:
Countries / Wednesday Thursday Friday
Regions 06/13 07/13 08/13
India M3 Money Supply (Mar 3) Bank Loan Growth (Feb 17)
FX Reserves, USD (Feb 24)
US Factory Orders (MoM) (Jan) Bank Stress Test Info Unemployment Rate (Feb)
ADP Employment Average Hourly Earnings
Unit Labor Costs (Q4)
Change (Feb) (YoY) (Feb)
Consumer Credit Change
(Jan)
European Monetary Union European Monetary Union
Global Gross Domestic Product ECB Interest Rate Decision China Trade Balance (Feb)
s.a. (YoY) (Q4)Preliminar (Mar 7)
European Monetary Union
Germany Industrial
UK BoE's Governor ECB Monetary policy
Production s.a. w.d.a. (YoY)
King Speech statement and press
(Jan)
conference
Japan Bank of Japan
Monthly Economic Survey
Keynote Capitals Ltd.
The Ruby, 9th Floor, Senapati Bapat Marg, Dadar (W), Mumbai – 400 028. Tel: 3026 6000. Fax: 3026 6088.
www.keynotecapitals.com

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