1. Daily Commodity Report
18th October 2012
MCX GOLD (5 DECEMBER 12) –
Gold Silver Crude
(5 Dec-12) (5 Dec-12) (19 Oct-12) Gold opened higher at 31051 but moved marginally lower to touch
Open 31,051 60,167 4,862 an intra-day low of 31041. However, it managed to bounce back
and moved higher to touch an intra-day high of 31163. It ended the
High 31,163 60,640 4,912
day with modest gains to close at 31140.
Low 31,041 60,060 4,845
The RSI and the Stochastic have moved above their respective
Close 31,140 60,574 4,868 averages, which would lead to buying support. The ADX line and
Prev. Close 31,040 60,031 4,859 the -DI line all are moving lower but +DI line is moving higher,
indicating a range bound trend. MCX Gold faces resistance at
% Change 0.32% 0.90% 0.19%
31348, 31467, 31937, 32100, 32393 and 32421 while the support
Source – MCX levels are placed at 30837, 30428, 30340, 30179, 29668 and
28859.
Volume (In 000's) Positional Call – Exit (Cover Short Position) MCX GOLD (5
DECEMBER 12) around 31040.
17/10/2012 16/10/2012 % Chg.
Gold (gms) 27,539.0 27,685.0 -0.53% MCX SILVER (5 DECEMBER 12) –
Silver (kgs) 1,363.9 1,429.0 -4.55%
Silver opened higher at 60167 but moved lower to touch an intra-
Crude (bbl) 18,650.4 19,309.8 -3.41% day low of 60060. However, it managed to bounce back and
moved higher to touch an intra-day high of 60640. It ended the day
Source – MCX
with moderate gains to close at 60574.
Turnover (In Lacs) The RSI remains placed below its average but is on verge of
17/10/2012 16/10/2012 % Chg.
moving over it. The Stochastic has moved above its average and is
placed in the over sold zone, which would lead to buying support
Gold 856,467.5 857,456.1 -0.12% and regular bouts of short covering. The ADX line, the +DI line and
the -DI line are moving sideways indicating a range bound trend.
Silver 822,460.6 857,778.0 -4.12%
MCX Silver faces resistance at 60750, 61398, 61912, 62273, and
Crude 909,655.3 938,477.0 -3.07% 64600 while the supports are placed at 59512, 56953 and 53621
levels.
Source – MCX
MCX CRUDE (19 OCTOBER 12) –
Global Market (Nymex - $)
18/10/2012 17/10/2012 % Chg. Crude opened higher at 4862 and moved further higher to touch an
intra-day high of 4912. However, it failed to sustain higher and
Gold (oz) 1,750.50 1,753.00 -0.14% moved lower to touch an intra-day low of 4845. It ended the day
Silver (oz) 33.17 33.23 -0.19%
with modest gains to close at 4868.
WTI Crude 92.12 92.12 0.00% The Stochastic is placed below its average, which would lead to
Brent Crude 113.49 113.22 0.24%
selling pressure at higher levels. However, the RSI is placed above
its average, which would lead to buying support at regular intervals.
Dollar Index 79.18 79.08 0.13%
The ADX line, the +DI line and the -DI line are moving sideways
Source – www.cmegroup.com indicating a range bound trend. It faces resistance at 4892, 4950
and 5050 while the supports are placed at 4760, 4692, 4603, 4578
and 4467
NOTE – Stop Losses should be considered strictly on Closing
Basis
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2. Commodity News:
Gold steady after China data, euro zone summit eyed
Gold traded flat on Thursday, retaining gains from the previous two days, as investors looked for fresh leads from a
European Union summit after shrugging off data showing China's economy slowed for a seventh quarter as expected.
European leaders will gather for a two-day meeting amid talks that Spain will seek a bailout next month, as the bloc
continues its struggle with the debt crisis. Gold has closely followed the moves in the currency market, with improving
sentiment around the euro zone giving support to the euro and weighing on the dollar, making dollar-priced
commodities more attractive for buyers holding other currencies.
Crude down in Asia on US energy demand concerns
Oil fell in Asia today on demand concerns after US data showed a sharper-than-expected rise in crude inventories in
the past week. New York's main contract, light sweet crude for delivery in November shed 10 cents to USD 92.02 a
barrel and Brent North Sea crude for December delivery retreated two cents to USD 113.20.
Source:ET
Economic Calendar:
Countries / Thursday Friday Monday
Regions 18/Oct 19/Oct 22/Oct
India Bank Loan Growth (Oct 14)
FX Reserves, USD (Oct 14)
Initial Jobless Claims (Oct Existing Home Sales Change
US
13) (Sep)
China Gross Domestic China Foreign Direct UK Nationwide Housing
Global
Product (YoY) (Q3) Investment (YTD)(YoY) (Sep) Prices n.s.a (YoY) (Sep)
UK Retail Sales (YoY) (Sep) European Council meeting
EU Extraordinary Economic UK Public Sector Net
Summit Borrowing (Sep)
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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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