- The daily commodity report summarizes prices and trading activity for gold, silver, and crude oil on the MCX exchange on February 16th, 2013. - Gold prices opened higher but fell to an intraday low before closing with small gains. Silver and crude oil closed near their opening prices with small losses and gains respectively. - Technical indicators like the RSI and Stochastic showed selling pressure across commodities, but signs of oversold conditions that could lead to short-term rebounds.

1. Daily Commodity Report
18th February 2013
Gold Silver Crude MCX GOLD (5 APRIL 13) –
16-Feb-13
Expiry 05-Apr-13 05-Mar-13 19-Feb-13 Gold opened higher at 30180 but moved lower to touch an intra-
Open 30,180 56,050 5,209 day low of 30170. However, it managed to bounce back from lower
levels and moved higher to touch an intra-day high of 30199. It
High 30,199 56,093 5,217
ended the day with marginal gains to close at 30194.
Low 30,170 56,030 5,209
The RSI is still placed below its averages, which would lead to
Close 30,194 56,063 5,211 selling pressure. However, the Stochastic has moved above its
Prev. Close 30,160 56,086 5,199 average and is also placed in the over sold zone along with the
RSI. These conditions would lead to intermediate bouts of short
% Change 0.11% -0.04% 0.23%
covering and buying support at lower levels. The –DI line and ADX
Source – MCX line are placed above the +DI line and are placed above the 27
level, indicating sellers have an upper hand. MCX Gold faces
Volume (In 000's) resistance at 30475, 30916 and 31535 while the support levels are
placed 30150, 30000, 29500 and 29142.
16-Feb-13 15-Feb-13 % Chg.
Gold (gms) 1,478.0 48,670.0 -96.96% MCX SILVER (5 MARCH 13) –
Silver (kgs) 54.1 2,104.8 -97.43% Silver opened higher at 56050 and moved further higher to touch
Crude (bbl) 478.1 19,142.1 -97.50% an intra-day high of 56093. However, it failed to sustain higher and
moved lower to touch an intra-day low of 56030. It ended the day
Source – MCX
with marginal losses to close at 56063.
Turnover (In Lacs) The RSI and the Stochastic are placed below their respective
averages, which would lead to selling pressure. However, the RSI
16-Feb-13 15-Feb-13 % Chg.
and the Stochastic are placed in the over sold zone, which would
Gold 44,618.3 1,473,651.5 -96.97% lead to intermediate bouts of short covering. The –DI line is placed
above the +DI line and is placed above the 36 level, indicating
Silver 30,325.4 1,186,512.1 -97.44%
sellers are gaining strength. MCX Silver faces resistance at 56372,
Crude 24,917.6 998,642.1 -97.50% 56613, 57049, 59483 and 61484 while the supports are placed at
55952, 53621 and 52622 levels.
Source – MCX
MCX CRUDE (19 FEBRUARY 13) –
Global Market (Nymex - $)
18/02/2013 16/02/2013 % Chg. Crude opened higher at 5209. Incidentally, this was the highest
price recorded for the day. It moved further higher to touch an intra-
Gold (oz) 1,615.60 1,609.50 0.38% day high of 5217. It ended the day with marginal gains to close the
Silver (oz) 30.08 29.85 0.77% day at 5211.
WTI Crude (bbl) 95.65 95.86 -0.22% The RSI and the Stochastic are placed below their respective
Brent Crude (bbl) 117.82 117.66 0.14% averages, which would lead to intermediate bouts of selling
pressure and profit taking. The ADX line, +DI line and the -DI line
Dollar Index 80.72 80.48 0.30%
are moving sideways indicating a range bound trend. It faces
Source – www.cmegroup.com resistance at at 5250, 5300, 5401 and 5476, while the supports are
placed 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:
Gold prices plummet to fresh six-month low, below Rs 30,000 mark
Gold slumped to a fresh six-month low and closed below the psychological Rs 30,000 per 10 gm mark at the bullion
market on aggressive unwinding by stockists and traders driven by global sell-off.
Spices up, jeera on export enquiries
Indian jeera, or cumin seed, futures rose more than 1% on Friday on fresh overseas enquiries and a pick-up in spot
demand though rising supplies from the new crop and expectations of a rise in output weighed on sentiment.
Barley, bajra up on some buying
Prices of barley and bajra rose up to Rs 10 per quintal on the wholesale grains market today on some buying by
stockists.
Source: ET
Economic Calendar:
Countries / Monday Tuesday Wednesday
Regions 18/13 19/13 20/13
India M3 Money Supply (Feb 17)
NAHB Housing Market Producer Price Index ex
US
Index (Feb) Food & Energy (YoY) (Jan)
FOMC Minutes
Producer Price Index (YoY)
(Jan)
Japan BoJ Monetary Policy Japan Merchandise Trade Germany Consumer Price
Global
Meeting Minutes Balance Total (Jan) Index (YoY) (Jan)
European Monetory Union
UK Rightmove House Price UK Bank of England
ZEW Survey - Economic
Index (YoY) (Feb) Minutes
Sentiment (Feb)
Japan Leading Economic Japan All Industry Activity
Index (Dec) Index (MoM) (Dec)
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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

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