The daily commodity report provides an overview of gold, silver, and crude oil futures contracts. Gold opened lower but bounced back to close flat. Silver also opened lower but closed flat. Crude oil opened lower but closed with moderate gains. Technical indicators show mixed signals across commodities, suggesting a range-bound trend. Key resistance and support levels are provided.

1. Daily Commodity Re
D eport
17th July 2012
MC GOLD (4 AUGUST 12 - Gold op
CX 2) pened lower at 29230. It
Gold
G Si
ilver Cr
rude
(4 A
Aug-12) (5 Sept-12) (19 J
Jul-12) mov ved lower to touch an int tra-day low of 29173 but managed to
bou unce back. It moved highe to touch an intra-day hig of 29330.
er n gh
Ope
en 29,230 52,721 4,787 It en
nded the day on a flat note to close at 2
e 29280.
High
h 29,330 52,835 4,828
Low
w 29,173 52,413 4,760 The RSI remain place belo its averag which would result in
e ns ow ge,
selling pressure However, the Stochas
e. stic is placed above its
d
Clos
se 29,280 52,745 4,820 aveerage and is a
also placed in the over sold zone, which would lead
n d h
Prev Close
v. 29,268 52,767 4,791 to re
egular bouts of short covering at lower levels. The A
ADX line, +DI
line and –DI line are moving sideways, indicating a r
e e g range bound
%C
Change 0.04% -0.04% 0.61%
tren MCX GO
nd. OLD faces r resistance at 29668, 301
t 179, 30340,
Sourc – MCX
ce 304 and 3100 while the supports are placed at 28
428 00, e 8859, 28765
and 27962 levels
d s.
Volume (In 000
V 0's)
16/0
07/2012 14/0
07/2012 % Chg. MC SILVER ( SEPT 12) - Silver ope
CX (5 ened lower a 52721. It
at
mov ved lower to touch an int tra-day low of 52413 but managed to
Gold (gms)
d 32,234.0
3 1,196.0 259
95.15% bou unce back. It moved higher to touch an intra-day hig of 52835..
gh
Silve (kgs)
er 1,223.2 39.8 297
72.57% nded the day on a flat note to close to c
It en e close at 52745
5.
Crud (bbl)
de 21,270.2
2 349.7 598
82.41%
The RSI rema
e ains place below its a average. Mo oreover, the
Sourc – MCX
ce Stochastic has oonce again sli
ipped below i average. T
its These would
lead to selling p
d pressure. The ADX line, + line and –DI line are
e +DI
Tu
urnover (In Lacs) movving sideway indicating a range bo
ys, g ound trend. MCX Silver
16/0
07/2012 14/0
07/2012 % Chg.
face resistance at 53675, 54
es e 4570, 55551, 56157 and 57737 while
,
the supports are placed at 51559, 51029, a 50252 lev
and vels.
Gold
d 94
43,214.9 34,999.5
3 259
94.94%
Silve
er 64
43,881.9 21,001.7
2 296
65.86% MC CRUDE (1 July 12) - Crude opened lower at 4
CX 19 4787 level It
ved lower to touch an intra-day low o 4760 but managed to
mov of
Crud
de 1,02
20,063.2 16,753.4 598
88.70%
bou moved higher to touch an intra-day high of 4828. It
unce back. It m r h
Sourc – MCX
ce end the day w moderate gains to clos at 4820.
ded with se
Global Market (Nym - $)
mex The Stochastic and the RS are placed above their respective
e SI d
17/0
07/2012 16/0
07/2012 % Chg. erages, which would lead to buying support. Ho
ave h owever, the
Stochastic is pla
aced in the ov bought zo
ver one, which w
would lead to
Gold (oz)
d 1,593.10
1 1,591.60 0.09%
prof taking at h
fit higher levels. The ADX lin +DI line a
ne, and –DI line
Silve (oz)
er 27.45 27.30 0.53% are moving side eways indicaating a range bound tren It faces
e nd.
Crud (bbl)
de 88.56 88.43 0.15% resi
istance at 482 4855 and 4905 while th supports a placed at
24, he are
480 4732, 4636, 4421 and 4
05, 4259.
Dolla Index
ar 82.97 83.10 -0.16%
Sourc – www.cme
ce egroup.com
Intra-day Re
esistance Intra-day Sup
pport
Comm
modities Close Pivot Point
R1 R2 R3
R S1 S2 S3
CRUD JUL 12
DE 4820 4803 4845
4 48
871 493
39 4777
7 4735 4667
GOLD AUG 12
D 29280 29261
2 29
9349 294
418 2957
75 29192
2 29104 28947
SILVE SEPT 12
ER 52745 52664
5 52
2916 530
086 5350
08 52494
4 52242 51820
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2. US E
Economic C
Calendar:
Tuesday Wednesday
W Thursday Moonday Tues
sday
Jul 17 Jul 18 Jul 19 Ju 23
ul Jul 24
Consumer Price In
ndex Housing Starts Jobless Claims GDP Data
a ICSC-Goldm Store
man
Sales
Indu
ustrial Production EIA Pe
etroleum Statu
us Existing Home Sales
g Consume Sentiment
er FHFA Hous Price
se
Reporrt Index
Housing Market In
ndex MBA Purchase
P EIA Nattural Gas 4-Week Bill Auction
Applic
cations Report
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