1. Daily Com
D mmodity Report
6th Septe
ember 2012
MCX GOLD (5 O
X OCTOBER 12) –
Go
old Silver Cru
ude
(5 O
Oct-12) (5 De
ec-12) (19 Se
ep-12)
Gold opened low at 31435 and moved lower to touc an intra-
d wer ch
Open
n 31,435 61,916 5,312 day low of 31427 However, it managed to move higher to touch an
7.
intra
a-day high of 31543. It end the day o a flat note to close at
ded on e
High
h 31,543 62,188 5,345 3146 68.
Low 31,427 61,625 5,280
The RSI and th Stochastic are placed above their respective
he c r
Close 31,468 61,882 5,327 averrages. Howe ever, both the Stochastic and the R
c RSI are still
plac in the ove bought zone, which wou lead to pro taking at
ced er uld ofit
Prev Close
v. 31,449 62,021 5,313
regu intervals. The ADX lin and the +D line is mov
ular ne DI ving higher,
% Ch
hange 0.06% -0.22%
- 0.26% indic
cating buyers have an up
s pper hand ho
owever, profit booking is
t
expeected at regular intervals. MCX Gold faces resistanc at 31487,
ce
Source – MCX
e 3154 31700 an 32000 wh the support levels are placed at
43, nd hile e
3118 30837, 30
86, 0428, 30340, 30179, 29668 and 28859
8
Vo
olume (In 000'
's)
MCX SILVER (5 SEPT 12) –
X
05/0
09/2012 04/09/2012 % Chg.
Silve opened low at 60240 and moved lower to touc an intra-
er wer 0 ch
Gold (gms) 34
4,008.0 39
9,104.0 -13.03% day low of 59512 However, it managed to move higher to touch an
2.
intra
a-day high of 60778. It end the day w large loss to close
ded with ses
Silver (kgs) 1,631.3
1 2,401.4
2 -32.07%
at 59
9512.
Crude (bbl) 24
4,276.2 27
7,535.0 -11.84%
The RSI and the Stochastic have slipped below their respective
e d r
Source – MCX
e averrages. Moreo over, both th Stochastic and the R
he c RSI are still
plac
ced in the over bought zone. The
t ese negative technical
e
Turnover (In Lac
cs) condditions would lead to sellin pressure a profit taking. Though
ng and
the ADX line is moving hig
s gher the +DI line is moving lower,
I
05/0
09/2012 04/09/2012 % Chg. cating buyers are booking profits at higher levels. MCX Silver
indic s g
face resistance 60883, 6096 and 61488 while the supports are
es 63 8
Gold 1,070
0,789.6 1,227
7,828.9 -12.79% plac at 59000, 56953, 56613 and 56157 levels.
ced
Silver
r 1,009
9,765.5 1,482
2,321.4 -31.88%
MCX CRUDE (19 September 12) –
X 9
Crude
e 1,291
1,017.6 1,475
5,407.8 -12.50%
Crud opened low at 5312 b managed to move high to touch
de wer but her
Source – MCX
e an in
ntra-day high of 5345. Ho
h owever, it faile to sustain higher and
ed
movved lower to t ra-day low of 5280. It end
touch an intr ded the day
Global Market (Nyme - $)
ex with modest gains to close at 5
5327.
06/0
09/2012 05/09/2012 % Chg. The Stochastic ha slipped be
as elow its average. Moreover the RSI is
r,
ady placed below its a
alrea average. The ese negative technical
e
Gold (oz) 1,
,696.40 1,690.80 0.33%
condditions would lead to selli
ing pressure The ADX lin +DI line
ne,
Silver (oz)
r 32.53 32.27 0.80% and –DI line are moving sidewways, indicating a range bound trend.
WTI CCrude aces resistan
It fa nce at 5366, 5408, 5516 and 5600 while the
0
96.07 95.36 0.74%
(bbl) suppports are plac at 5238, 5
ced 5275, 5180, 55126 and 50933.
Brent Crude
t
113.61 113.09 0.46%
(bbl)
Dollar Index 81.21 81.24 0.14%
Source – www.cmeg
e group.com
Keynot Capitals L
te Ltd.
The Rub 9th Floor, Senapati Bapa Marg, Dadar (W), Mumbai – 400 028. T 3026 6000. Fax: 3026 60
by, at Tel: 088.
www.keyynotecapitals.com

2. Com
mmodity New
ws:
• Gold dips as buying ebbs ahead of E
G s ECB meeting: Gold prices dipped from near a six-mo onth high on WWednesday,
and
a trading vo olume was lig as invest
ght tors sat on th sidelines o the eve of the Europea Central Ba meeting.
he on f an ank
Investors wer waiting for the conclusio of the ECB Governing Council meeting. Bullion h risen 9 p
re on B has percent in six
weeks on talk that the ECB will launch a program of purchasing It
w k B talian and Spaanish bonds, with other ste aimed at
eps
lo
owering borro
owing costs fo debt-saddle countries. (ET)
or ed
• Oil
O slips to $$114 on grow concerns before ECB meeting: B
wth s Brent crude o slipped to around $114 a barrel on
oil 4
Wednesday o worries ov economic growth and a
W on ver ahead of a E
European Cen ntral Bank (ECB) meeting expected to
announce new measures to tackle the region's debt crisis. ECB President Ma Draghi is expected to back up his
a w t t ario s
"whatever it takes" to save the euro wh he presents details on Thursday of a new bond-buying plan
pledge to do "
p t e hen n f
designed to ease the deep
d pening euro zo crisis (ET
one T)
• Silver futures down on profit-bookin Amid profit-booking by speculators after recent gains and a weak trend
S s p ng: y s t
overseas, silv futures pri
o ver ices today fell by Rs 286 to Rs 60,320 per kg. Mark
0 ketmen said besides profit-booking by
speculators, a weak trend overseas as a stronger do
s o ollar cuts demand for the m
metals as an a
alternative inv
vestment and
ahead of Euro
a opean Central Bank policy makers meet, put pressur on the silve futures here (ET)
re er e.
• Cotton prices weaken 5% on ample s
C s % supply, impo prices in India the world's second-large producer,
orts: Cotton p a, est
have weakened by 5% in the last one week on increased supp
h e plies in spot markets and higher impo
d orts by mills.
Prices are exp
P main stable with a new crop from northern states com
pected to rem p ming to markets in a fortnight.
Econ
nomic Cale
endar:
Thurs
sday Frid
day Mon
nday Tue
esday
Sept 06
t Sep 07
pt Sep 10
pt Sept 11
India Forex Rese
erves Data
Aveerage Hourly
Challenger Job Cuts
r
US Earn
nings (YoY);
(Yo
oY)
Average W
Weekly Hours
Initial and Continuing
C Nonfarm Payrolls;
ms NFIB Sm Business
mall
Jobless Claims Unemplooyment Rate Optimism (AUG)
ISM Non-
N US Tr
rade Balance
Manufactuuring PMI
Eurozone Gross
e's Japan Coincident
n China E
Export Import UK’s Tr
rade Balance
Global Domestic Product s.a.
P Ind
dex; Leading data
(QoQ) an (YoY)
nd Econnomic Index
UK
U Industrial Japa Consumer
an Japan’s Manpower
Produc
ction (YoY & Confidence Survey (4Q)
UK's BoE In
nterest Rate
MoM); Ma
anufacturing
Decision
Produc
ction (YoY &
MoM)
Keynot Capitals L
te Ltd.
The Rub 9th Floor, Senapati Bapa Marg, Dadar (W), Mumbai – 400 028. T 3026 6000. Fax: 3026 60
by, at Tel: 088.
www.keyynotecapitals.com

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te Ltd.
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by, at Tel: 088.
www.keyynotecapitals.com