The document provides a daily commodity report for gold, silver, and crude oil futures contracts trading on the MCX exchange in India on October 15, 2012. It summarizes the opening, high, low, and closing prices for each commodity. It also analyzes technical indicators and identifies resistance and support levels. Additionally, it provides commentary on copper and global commodity prices, as well as an economic calendar for upcoming economic data releases.

1. Daily Commodity Report
15th October 2012
MCX GOLD (5 DECEMBER 12) –
Gold Silver Crude
(5 Dec-12) (5 Dec-12) (19 Oct-12) Gold opened lower at 31250 and moved further lower to touch an
Open 31,250 61,238 4,861 intra-day low of 31242. However, it managed to bounce back and
moved higher to touch an intra-day high of 31289. It ended the day
High 31,289 61,247 4,866
on a flat note to close at 31284.
Low 31,242 61,110 4,855
The Stochastic is placed below its average, which would lead to
Close 31,284 61,198 4,862 selling pressure at regular intervals. However, the RSI is placed
Prev. Close 31,276 61,346 4,851 above its average, which would lead to buying support at lower
levels. The ADX line, +DI line and -DI line are moving sideways,
% Change 0.03% -0.24% 0.23%
indicating a range bound trend. MCX Gold faces resistance at
Source – MCX 31348, 31467, 31937, 32100, 32393 and 32421 while the support
levels are placed at 30837, 30428, 30340, 30179, 29668 and
Volume (In 000's) 28859.
13/10/2012 12/10/2012 % Chg.
MCX SILVER (5 DECEMBER 12) –
Gold (gms) 1,375.0 34,026.0 -95.96%
Silver opened lower at 61238 and moved further lower to touch an
Silver (kgs) 70.7 1,685.6 -95.81% intra-day low of 61110. However, it managed to bounce back and
Crude (bbl) 483.3 20,571.2 -97.65% moved higher to touch an intra-day high of 61247. It ended the day
with modest losses to close at 61198.
Source – MCX
The RSI is already placed below its average. Moreover, the
Turnover (In Lacs) Stochastic has moved below its average. These negative technical
conditions would lead to selling pressure. The ADX line, +DI line
13/10/2012 12/10/2012 % Chg.
and -DI line are moving sideways, indicating a range bound trend.
Gold 43,002.3 1,066,281.3 -95.97% MCX Silver faces resistance at 61398, 61912, 62273, 64600,
65723 and 66000 while the supports are placed at 60750 and
Silver 43,274.1 1,037,165.7 -95.83% 59512 levels.
Crude 23,488.4 1,000,540.9 -97.65%
MCX CRUDE (19 OCTOBER 12) –
Source – MCX
Crude opened higher at 4861 and moved further higher to touch an
Global Market (Nymex - $) intra-day high of 4866. However, it failed to sustain higher and
moved lower to touch an intra-day low of 4855. It ended the day
15/10/2012 12/10/2012 % Chg.
with modest gains to close at 4862.
Gold (oz) 1,744.80 1,759.70 -0.85%
The Stochastic is placed below its average, which would lead to
Silver (oz) 33.24 33.67 -1.27%
selling pressure at regular intervals. However, the RSI is placed
WTI Crude 91.12 91.86 -0.81% above its average, which would lead to buying support at lower
Brent Crude 114.06 114.62 -0.49%
levels. The ADX line, +DI line and are moving sideways, indicating
a range bound trend. It faces resistance at 4892, 4950 and 5050
Dollar Index 79.91 79.68 0.29%
while the supports are placed at 4760, 4692, 4603, 4578 and 4467
Source – www.cmegroup.com
NOTE – Stop Losses should be considered strictly on Closing
Basis
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The Ruby, 9th Floor, Senapati Bapat Marg, Dadar (W), Mumbai – 400 028. Tel: 3026 6000. Fax: 3026 6088.
www.keynotecapitals.com

2. Commodity News:
Copper's weak demand may pull prices down
Copper traders are the most bearish in four months on mounting concern that demand for industrial metals will weaken
as growth slows from China to Europe. Fourteen analysts surveyed by Bloomberg said they expect prices to drop next
week and seven were bullish. A further 10 were neutral; making the proportion of bears the highest since June 1.
Copper supply will outpace demand by 458,000 tonne in 2013, the first glut in four years and the biggest in more than
a decade, according to the Lisbon-based International Copper Study Group, whose members include 23 nations.
Global commodity prices jump 10% in July-Sept quarter: IMF
Global commodity prices surged as much as 10 per cent in the three months ended September 2012, as food and
energy costs went up amid widespread supply constraints, according to the IMF. "Commodity prices, led by food and
energy, leapt 10 per cent in the third quarter due to supply constraints," the International Monetary Fund said in a
report. The figure is based on IMF's Primary Commodities Price Index (PCPI) that reflects weighted average of prices
for 51 primary commodities. They are grouped into three main clusters energy, industrial inputs (mainly base metals)
and edibles (of which food is the main component).
Brent slumps, spread to US crude narrows after rally
Oil prices fell on Friday and Brent crude's retreat outpaced US crude's slide as investors took profits in the spread
between the two futures contracts that had risen this week to its highest in a year.
Source:ET
Economic Calendar:
Countries / Monday Tuesday Wednesday
Regions 15/Oct 16/Oct 17/Oct
India WPI Inflation (Sep) M3 Money Supply (Oct 14)
NY Empire State Consumer Price Index (YoY) MBA Mortgage Applications
US
Manufacturing Index (Oct) (Sep) (Oct 12)
Industrial Production (MoM) EIA Crude Oil Stocks change
Retail Sales (MoM) (Sep)
(Sep) (Oct 12)
China Consumer Price Index UK Core Consumer Price European Construction
Global
(MoM) (Sep) Index (YoY) (Sep) Output s.a (MoM) (Aug)
Euro Trade Balance s.a.
(Aug) and CPI
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www.keynotecapitals.com

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