The daily commodity report summarizes prices and trends for gold, silver, and crude oil on the MCX exchange in India. Gold and silver prices saw marginal gains while crude oil closed slightly higher. Technical indicators show most commodities are in a range-bound trend. The report also provides global market prices and commentary on commodity news including increased coconut oil exports from India and falling premiums for arabica coffee.

1. Daily Commodity Report
11th February 2013
Gold Silver Crude MCX GOLD (5 APRIL 13) –
09-Feb-13
Expiry 05-Apr-13 05-Mar-13 19-Feb-13 Gold opened higher at 30804 but moved lower to touch an intra-
Open 30,804 58,163 5,148 day low of 30795. However, it managed to bounce back and
moved higher to touch an intra-day high of 30820. It ended the day
High 30,820 58,277 5,154
with marginal gains to close at 30815.
Low 30,795 58,146 5,147
The RSI and the Stochastic are placed above their respective
Close 30,815 58,246 5,152 averages, which would lead to buying support. However, the
Prev. Close 30,795 58,212 5,144 Stochastic has moved in the over sold zone, which would lead to
profit taking at regular intervals. The ADX line, –DI line and +DI line
% Change 0.06% 0.06% 0.16%
are moving sideways indicating a range bound trend. MCX Gold
Source – MCX faces resistance at 30916 and 31535 while the support levels are
placed at 30475, 30150, 30000, 29500 and 29142.
Volume (In 000's)
MCX SILVER (5 MARCH 13) –
9-Feb-13 8-Feb-13 % Chg.
Gold (gms) 943.0 26,019.0 -96.38% Silver opened lower at 58163 and moved further lower to touch an
intra-day low of 58146. However, it managed to bounce back and
Silver (kgs) 29.3 1,370.6 -97.86% moved higher to touch an intra-day high of 58277. It ended the day
Crude (bbl) 287.8 18,559.7 -98.45% with marginal gains to close at 58246.
Source – MCX The Stochastic is placed below its averages, which would lead to
selling pressure. However, the RSI has moved above its average
Turnover (In Lacs) and would lead to buying support at lower levels. The ADX line, the
–DI line and the +DI line are moving sideways, indicating a range
9-Feb-13 8-Feb-13 % Chg.
bound trend. MCX Silver faces resistance at 59483, 61484, 62164
Gold 29,049.5 801,054.3 -96.37% and 63224 while the supports are placed at 57049, 56372 and
55952 levels.
Silver 17,044.3 797,895.2 -97.86%
Crude 14,821.9 956,654.4 -98.45% MCX CRUDE (19 FEBRUARY 13) –
Source – MCX
Crude opened higher at 5148 but moved lower to touch an intra-
day low of 5147. However, it managed to bounce back and moved
Global Market (Nymex - $)
higher to touch an intra-day high of 5154. It ended the day with
11/02/2013 09/02/2013 % Chg. marginal gains to close the day at 5152.
Gold (oz) 1,667.70 1,666.90 0.05% The RSI is placed below its average, which would lead to selling
Silver (oz) 31.46 31.45 0.03% pressure. However, the Stochastic is placed above its average,
which would lead to buying support at lower levels. The ADX line,
WTI Crude (bbl) 95.71 95.71 0.00%
the –DI line and the +DI line are moving sideways, indicating a
Brent Crude (bbl) 118.81 118.89 -0.07% range bound trend. It faces resistance at 5157, 5300, 5401 and
Dollar Index 80.18 80.22 -0.05% 5476, while the supports are placed at 5122, 5085 and 4961
Source – www.cmegroup.com 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:
Government to push coconut oil exports
Coconut oil exports from India are all set to surge with the Centre permitting shipments through all ports and the
Coconut Development Board (CDB) accelerating its efforts to woo new exporters to enter the fray. India, which
currently exports 8,441 tonne, accounts for 0.33 per cent of the total 25 lakh tonne coconut oil export dominated by the
Philippines, Indonesia and Papua New Guinea. CDB Chairman TK Jose said the board will take an initiative to raise
coconut oil exports to 1.5 lakh tonne in the oil year stretching from September 2012 to October 2013. Companies in
Kerala are expected to contribute 50,000 tonne to this target while the other states led by Tamil Nadu could mop up
the rest
Arabica coffee premium slips
Arabica coffee is fetching the smallest premium over the robusta variety in more than three years as supplies increase
from Central America and Brazil, the world's top grower. Arabica was 44.7522 cents a pound more costly than robusta,
the lowest since March 30, 2009. Inventories of arabica beans have climbed to the highest since 2010 while stockpiles
of robusta, used in instant coffee, are down 75% from a record in July 2011. Robusta-coffee futures in London touched
a four-month high on Friday.
Rabi rice output may surge in Assam, Bengal
West Bengal and Assam, the two major rice producing states, have kicked off rabi paddy sowing. Bengal is targeting a
production of 40 lakh tonne rice during the rabi season while Assam is expected to produce 55 lakh tonne. Though the
Mamata Banerjeeled government in Bengal has kept an ambitious target of 40 lakh tonne, farmers say this will be
difficult to achieve it due to a poor procurement of kharif rice and rising costs of farm inputs.
Source: ET
Economic Calendar:
Countries / Monday Tuesday Wednesday
Regions 11/13 12/13 13/13
India Industrial Output (Dec)
Manufacturing Output
(Dec)
US Retail Sales (MoM) (Jan)
10-Year Note Auction
Japan Consumer UK Consumer Price Index UK Bank of England
Global
Confidence Index (Jan) (YoY) (Jan) Quarterly Inflation Report
Japan Gross Domestic
Germany Wholesale Price UK Producer Price Index -
Product (QoQ)
Index (YoY) (Jan) Output (YoY) n.s.a (Jan)
(Q4)Preliminar
Japan Money Supply Japan Tertiary Industry
M2+CD (YoY) (Jan) Index (MoM)
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www.keynotecapitals.com

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