- Gold, silver, and crude oil prices moved higher today before closing with marginal losses or gains. - The technical indicators show most commodities are in a range-bound trend. Resistance and support levels are provided. - A sell recommendation is given for MCX crude oil based on technical analysis. - Economic data releases are listed for the coming days from India, US, UK, Eurozone, and China that may impact commodity prices.

1. Daily Commodity Report
15th January 2013
Gold Silver Crude MCX GOLD (5 FEBRUARY 13) –
14-Jan-13
Gold opened higher at 30800 and moved further higher to touch an
Expiry 5-Feb-13 5-Mar-13 21-Jan-13 intra-day high of 30840. However, it failed to sustain higher and
Open 30,800 58,300 5,140 moved lower to touch an intra-day low of 30716. It ended the day
with marginal losses to close at 30740.
High 30,840 58,964 5,164
Low 30,716 58,300 5,077 The RSI and the Stochastic are placed below their respective
averages, which would lead selling pressure. The +DI line, the -DI
Close 30,740 58,743 5,101 line and ADX line are moving sideways, indicating a range bound
Prev. Close 30,790 58,199 5,136 trend. MCX Gold faces resistance at 30916, 31535, 31702 and
31790 while the support levels are placed at 30475, 30366, 30150
% Change -0.16% 0.93% -0.68%
and 29607.
Source – MCX
MCX SILVER (5 MARCH 13) –
Volume (In 000's) Silver opened higher at 58300. Incidentally, this was the lowest
price recorded for the day. It moved higher to touch an intra-day
14-Jan-13 12-Jan-13 % Chg. high of 58964. It ended the day with moderate gains to close at
Gold (gms) 24,432.0 1,465.0 1567.71% 58743.
Silver (kgs) 1,665.5 49.1 3289.19% The Stochastic is placed below its average, which would lead to
Crude (bbl) 19,228.1 660.5 2811.14%
selling pressure. However, the RSI is placed above its average,
which would lead to buying support at lower levels. The +DI line,
Source – MCX the -DI line and ADX line are moving sideways, indicating a range
bound trend. MCX Silver faces resistance at 59483, 61484 and
Turnover (In Lacs) 63224 while the supports are placed at 57049, 56372 and 55952
levels.
14-Jan-13 12-Jan-13 % Chg.
Gold 751,935.8 45,106.0 1567.04% MCX CRUDE (21 JANUARY 13) –
Crude opened higher at 5140 and moved further higher to touch an
Silver 976,373.5 28,597.5 3314.19% intra-day high of 5164. However, it failed to sustain higher and
Crude 983,757.0 33,928.5 2799.50% moved lower to touch an intra-day low of 5077. It ended the day
with moderate losses to close at 5101.
Source – MCX
The Stochastic and the RSI have slipped below their respective
Global Market (Nymex - $) averages, which would lead to selling pressure. The ADX line and
15/01/2013 14/01/2013 % Chg. +DI line have slipped below the 30 level, indicating buyers are
booking profits at higher levels. It faces resistance at 5126, 5157,
Gold (oz) 1,670.30 1,668.90 0.08% 5300 and 5476, while the supports are placed at 5085, 4989, 4788
Silver (oz) 31.11 31.12 -0.03% and 4755.
WTI Crude (bbl) 93.96 94.14 -0.19%
Positional Call – SELL MCX CRUDE (21 JANUARY 13) below
Brent Crude (bbl) 111.74 111.88 -0.13% 5106, Stop Loss 5169 Target of 4975
Dollar Index 79.38 79.55 -0.21%
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 gains after Evans comments on steps for economy
Gold today rose after Federal Reserve Bank of Chicago President Charles Evans said the US central bank should
keep steps to boost economic growth, boosting demand for the metal as an alternative to currencies. Gold climbed 0.4
per cent to USD 1,668.59 an ounce and silver by 0.9 per cent to USD 30.74 an ounce. Too much austerity too soon
could be damaging to near- and medium-term growth, Evans said in Hong Kong today.
Surging platinum poised to hit parity with gold
Rallying platinum prices are on the brink of hitting parity with gold, as concerns over supply outages in South Africa
reignite, and stabilising economic conditions in China and the US boost the appeal of industrial metals over safe
havens. Even though platinum is still vulnerable to hiccups in the tentative global economic recovery, the white metal's
discount to bullion has shrunk to its tightest in nine months, a signal commonly associated with cyclical upswings.
Source: ET
Economic Calendar:
Countries / Tuesday Wednesday Thursday
Regions 15/13 16/13 17/13
India
Producer Price Index (YoY) Consumer Price Index (YoY) Initial and Continuing
US
(Dec) (Dec) Jobless Claims (Jan 6)
Industrial Production (MoM)
Retail Sales (MoM) (Dec) Housing Starts (MoM) (Dec)
(Dec)
UK RICS Housing Price Euro Consumer Price Index
Global Euro ECB Monthly Report
Balance (Dec) - Core (YoY) (Dec)
Germany Gross Domestic China Producer and Import
Product n.s.a (YoY) Prices (MoM) (Dec)
UK Consumer Price Index
(YoY) (Dec)
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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