The daily commodity report summarizes prices and trading activity for gold, silver, and crude oil futures on the MCX exchange. On February 12th, gold and silver prices closed slightly lower while crude oil closed higher. Technical indicators show selling pressure on gold and silver but buying support for crude oil. The report also provides volumes, turnover and closing prices for the previous day on MCX as well as international prices on COMEX.
Keynote technicals intraday future levels for 260213
Keynote commodity daily report for 130213
1. Daily Commodity Report
13th February 2013
Gold Silver Crude MCX GOLD (5 APRIL 13) –
12-Feb-13
Expiry 05-Apr-13 05-Mar-13 19-Feb-13 Gold opened higher at 30581 and moved further higher to touch an
Open 30,581 57,502 5,227 intra-day high of 30627. However, it failed to sustain higher and
moved lower to touch an intra-day low of 30516. It ended the day
High 30,627 57,633 5,271
with modest losses to close at 30573.
Low 30,516 57,211 5,218
The RSI and the Stochastic are placed below their respective
Close 30,573 57,555 5,248 averages, which would lead to selling pressure. The –DI line is
Prev. Close 30,640 57,661 5,229 placed above the +DI line and is placed above the 27 level,
indicating sellers are gaining strength. MCX Gold faces resistance
% Change -0.22% -0.18% 0.36%
at 30916 and 31535 while the support levels are placed at 30475,
Source – MCX 30150, 30000, 29500 and 29142.
Volume (In 000's) MCX SILVER (5 MARCH 13) –
12-Feb-13 11-Feb-13 % Chg. Silver opened lower at 57502 but moved higher to touch an intra-
Gold (gms) 33,982.0 35,680.0 -4.76% day high of 57633. However, it failed to sustain higher and moved
lower to touch an intra-day low of 57211. It ended the day with
Silver (kgs) 1,663.7 1,702.1 -2.26% modest losses to close at 57555.
Crude (bbl) 16,863.2 22,772.8 -25.95%
The RSI and the Stochastic are placed below their respective
Source – MCX averages, which would lead to selling pressure. The –DI line is
placed above the +DI line and is placed above the 29 level,
Turnover (In Lacs) indicating sellers are gaining strength. MCX Silver faces
resistance at 59483, 61484, 62164 and 63224 while the supports
12-Feb-13 11-Feb-13 % Chg.
are placed at 57049, 56372 and 55952 levels.
Gold 1,039,007.0 1,095,225.9 -5.13%
MCX CRUDE (19 FEBRUARY 13) –
Silver 955,507.0 985,114.3 -3.01%
Crude 884,331.5 1,177,674.0 -24.91% Crude opened lower at 5227 and moved further lower to touch an
intra-day low of 5218. However, it managed to bounce back and
Source – MCX
moved higher to touch an intra-day high of 5271. It ended the day
with modest gains to close the day at 5248.
Global Market (Nymex - $)
13/02/2013 12/02/2013 % Chg. The RSI and the Stochastic are placed above their respective
averages, which would lead to buying support. However, the
Gold (oz) 1,652.90 1,649.60 0.20% Stochastic has moved in the over bought zone, which would lead to
Silver (oz) 31.20 31.02 0.58% intermediate bouts of profit taking. The +DI line is placed above the
-DI line and is placed above the 27 level, indicating buyers are
WTI Crude (bbl) 97.51 97.52 -0.01%
gaining strength. It faces resistance at 5249, 5300, 5401 and
Brent Crude (bbl) 118.56 118.66 -0.08% 5476, while the supports are placed at 5157, 5122, 5085 and 4961
Dollar Index 80.04 80.05 -0.01%
Sanjay Bhatia (AVP – Technical Research)
Source – www.cmegroup.com 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 slips below Rs 31,000 level on stockists selling, global cues
Gold prices on Tuesday lost Rs 210 to slip below the psychological Rs 31,000-mark at Rs 30,790 per 10 grams here
on heavy selling by stockists, triggered by a weak overseas markets.
Silver futures decline 0.30% on lower global trend
Silver prices declined by Rs 173 to Rs 57,488 per kg in futures market today, after participants trimmed positions,
tracking a lower trend in the global markets. It fell on heavy speculative selling amid poor industrial demand.
Jeera/cumin seed hits contract low; pepper up on low stocks
Jeera, or cumin seed, futures struck a new contract low on Tuesday due to rising supplies from the new crop and on
expectations of a rise in output, but some local demand restricted the downside. About 2,000 bags of 60 kg each from
the new season crop have started arriving daily in local markets
Source: ET
Economic Calendar:
Countries / Wednesday Thursday Friday
Regions 13/13 14/13 15/13
India WPI Inflation (Jan) FX Reserves, USD (Feb 3)
Industrial Production (MoM)
US Retail Sales (MoM) (Jan)
(Jan)
Net Long-Term TIC Flows
10-Year Note Auction
(Dec)
European Monetory Union
UK Bank of England
Global Gross Domestic Product UK Retail Sales (YoY) (Jan)
Quarterly Inflation Report
s.a. (YoY) (Q4)Preliminar
Japan Gross Domestic Japan BoJ Monetary Policy
Japan Industrial Production
Product (QoQ) Statement and press
(YoY) (Dec)
(Q4)Preliminar conference
Japan BoJ Interest Rate
Decision (Feb 14)
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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