Gold and silver prices fell slightly while crude oil rose marginally according to the daily commodity report. Technical indicators for gold, silver, and crude oil showed selling pressure but crude oil indicators pointed to buying support. Global market prices for gold, silver, and crude changed little. The economic calendar highlighted upcoming economic data releases from India, the US, Japan, and the UK. A disclaimer noted the information is for clients and not a solicitation.

1. Daily Commodity Report
15th February 2013
Gold Silver Crude MCX GOLD (5 APRIL 13) –
14-Feb-13
Expiry 05-Apr-13 05-Mar-13 19-Feb-13 Gold opened higher at 30573 and moved further higher to touch an
Open 30,573 57,469 5,246 intra-day high of 30610. However, it failed to sustain higher and
moved lower to touch an intra-day low of 30452. It ended the day
High 30,610 57,630 5,268
with modest losses to close at 30463.
Low 30,452 56,550 5,219
The RSI and the Stochastic are placed below their respective
Close 30,463 56,630 5,255 averages, which would lead to selling pressure. However, the
Prev. Close 30,554 57,442 5,249 Stochastic is placed in the over sold zone, which would lead to
intermediate bouts of short covering. The –DI line is placed above
% Change -0.30% -1.41% 0.11%
the +DI line and is placed above the 26 level, indicating sellers are
Source – MCX gaining strength. MCX Gold faces resistance at 30475, 30916 and
31535 while the support levels are placed 30150, 30000, 29500
Volume (In 000's) and 29142.
14-Feb-13 13-Feb-13 % Chg. MCX SILVER (5 MARCH 13) –
Gold (gms) 34,764.0 26,457.0 31.40%
Silver opened higher at 57469 but moved further higher to touch an
Silver (kgs) 2,017.6 1,257.7 60.42% intra-day high of 57630. However, it failed to sustain higher and
Crude (bbl) 14,079.3 16,417.4 -14.24% moved lower to touch an intra-day low of 56550. It ended the day
with high losses to close at 56630.
Source – MCX
The RSI and the Stochastic are placed below their respective
Turnover (In Lacs) averages, which would lead to selling pressure. However, the
Stochastic is placed in the over sold zone, which would lead to
14-Feb-13 13-Feb-13 % Chg.
intermediate bouts of short covering. The –DI line is placed above
Gold 1,061,581.2 808,789.1 31.26% the +DI line and is placed above the 33 level but has come off its
recent highs, indicating sellers are gaining strength. MCX Silver
Silver 1,153,658.8 724,495.6 59.24%
faces resistance at 57049, 59483, 61484, 62164 and 63224 while
Crude 737,788.9 862,704.6 -14.48% the supports are placed at 56613, 56372, 55952 and 53621 levels.
Source – MCX
MCX CRUDE (19 FEBRUARY 13) –
Global Market (Nymex - $)
Crude opened lower at 5246 and moved further lower to touch an
15/02/2013 14/02/2013 % Chg. intra-day low of 5219. However, it managed to bounce back from
lower levels and moved higher to touch an intra-day high of 5268. It
Gold (oz) 1,633.70 1,635.40 -0.10% ended the day with marginal gains to close the day at 5255.
Silver (oz) 30.38 30.35 0.10%
The RSI is placed above its average, which would lead to buying
WTI Crude (bbl) 97.44 97.31 0.13% support. However, the Stochastic has slipped below its average
Brent Crude (bbl) 118.03 118.00 0.03% and is also placed in the over bought zone, which would lead to
intermediate bouts of selling pressure and profit taking. The +DI
Dollar Index 80.33 80.39 -0.07%
line is placed above the -DI line but has come off its recent highs,
Source – www.cmegroup.com and has also slipped below the 25 level, level indicating buyers are
booking profits regularly. It faces resistance at 5300, 5401 and
5476, while the supports are placed at 5250, 5157, 5122 and 5085.
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:
Small sugar eases on subdued demand
Small sugar prices eased further at the Vashi wholesale sugar market due to steady stockist selling amid subdued
demand from bulk traders. Small sugar shed by Rs 6 per quintal to Rs 3,202/3,276 from Wednesday's closing level of
Rs 3,202/3,282.
Gold imports expected to be up by 11% despite government controls
Despite the government's steps to curb gold import, India is expected to buy 11% more gold in tonnage during 2013, a
top official from industry body World Gold Council said on Thursday.
Select edible oils fall on global cues
Select edible oils fell by Rs 50 per quintal on the wholesale oils and oilseeds market today on a weak global trend.
Chilli, turmeric prices weaken on subdued demand
Red chilli and turmeric prices fell by Rs 100 per quintal in the national capital today owing to subdued demand from
retailers and stockists amid adequate stocks. Red chilli and turmeric prices declined by Rs 100 each to conclude at Rs
6,300-11,300 and Rs 6,300-10,000 per quintal, respectively
Source: ET
Economic Calendar:
Countries / Friday Monday Tuesday
Regions 15/13 18/13 19/13
India FX Reserves, USD (Feb 3)
Industrial Production (MoM) NAHB Housing Market
US
(Jan) Index (Feb)
Net Long-Term TIC Flows
(Dec)
Japan BoJ Monetary Policy Japan Merchandise Trade
Global UK Retail Sales (YoY) (Jan)
Meeting Minutes Balance Total (Jan)
Japan Industrial Production UK Rightmove House Price Japan Leading Economic
(YoY) (Dec) Index (YoY) (Feb) Index (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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