Gold and silver prices opened lower but moved higher intraday before closing marginally lower. Crude oil opened higher and closed with moderate gains. Technical indicators for gold, silver and crude oil are mostly neutral or pointing to range-bound trading. Gold faces resistance at 30179-331000 levels while supports are at 29668-27796 levels. Silver resistance is at 53675-57737 levels and support is at 51559-50252 levels. Crude oil resistance is at 5126-5290 levels and support is at 4777-4681 levels.

1. Daily Commodity Re
D eport
27th July 2012
Gold
G Si
ilver Cr
rude MC GOLD (4 A
CX AUGUST 12) - Gold open lower at 29801 but it
) ned
(4 A
Aug-12) (5 Sept-12) (20 A
Aug-12) mov ved higher to touch an i
o intra-day high of 29875. However, it
h
moved lower to touch an in
faile to sustain higher and m
ed ntra-day low
Ope
en 29,801 53,370 4,949
of 2
29733. It ende the day wi marginal lo
ed ith osses to clos the day at
se
High
h 29,875 53,589 5,033 297793.
Low
w 29,733 53,150 4,949
The RSI and th Stochastic are placed above their respective
e he c d
Clos
se 29,793 53,217 4,996 aveerages, which would resu in buying support. Ho
h ult g owever, the
Prev Close
v. 29,835 53,453 4,946 Stochastic is plaaced in the o
over bought zone and wo ould lead to
inte
ermediate bou of profit ta
uts aking. The AD line, and –DI line are
DX
%C
Change -0.14% -0.44% 1.01%
mov ving sideway while the +DI line has come off the 30 levels,
ys, s
Sourc – MCX
ce indicating buyers are booking profits regu
s g ularly. MCX GGOLD faces
resiistance at 30179, 30340, 30428 and 331000, while t supports
the
Volume (In 000
V 0's) are placed at 296668, 28859, 2
28765 and 277962 levels.
26/0
07/2012 25/0
07/2012 % Chg. MC SILVER (5 SEPT 12) - Silver open
CX 5 ned lower at 552370 but it
Gold (gms)
d 39,597.0
3 43,307.0
4 -8.57% mov ved higher to touch an i
o intra-day high of 53589. However, it
h
moved lower to touch an in
faile to sustain higher and m
ed ntra-day low
Silve (kgs)
er 3,305.0 1,795.5 84.07%
8 of 553150. It ended the day w modest lo
with osses to close the day at
Crud (bbl)
de 31,249.7
3 31,880.6
3 -1.98% 532217.
Sourc – MCX
ce
The RSI and th Stochastic are placed above their respective
e he c d
aveerages, which would resu in buying support. Ho
h ult g owever, the
Tu
urnover (In Lacs) Stochastic is pla
aced in the ov
ver-bought zoone, which w
would lead to
26/0
07/2012 25/0
07/2012 % Chg. inte
ermediate bou of profit ta
uts aking. The AD line, +DI line and –DI
DX
line are moving sideways, in
e ange bound trend. MCX
ndicating a ra
Gold
d 1,18
80,208.2 1,28
88,141.5 -8.38% Silv faces resistance at 536
ver 675, 54570, 555551, 56157 and 57737
7
Silve
er 29
94,050.7 95
54,353.6 -6
69.19%
while the suppor are placed at 51559, 51
rts d 1029, and 502 levels.
252
Crud
de 1,55
59,907.8 1,58
80,806.3 -1.32% MC CRUDE (20 August 12) - Crude ope
CX ened higher a 4949 level.
at
Sourc – MCX
ce Incidentally, this was the low
s west price re
ecorded for tthe week. It
mannaged to mo ove higher to touch an in
o ntra-day high of 5033. It
Global Market (Nym - $)
mex
end the day w moderate gains to clos at 4996.
ded with se
27/0
07/2012 26/0
07/2012 % Chg. The RSI and th Stochastic are placed below their respective
e he d
aveerages, which would lead to selling pressure. Ho
h d owever, the
Gold (oz)
d 1,618.20
1 1,619.80 -0.10%
Stochastic is nearing the o over sold zo one and would lead to
Silve (oz)
er 27.44 27.45 -0.02% inte
ermediate bou of short co
uts overing at low levels. Th +DI line, -
wer he
Crud (bbl)
de 89.57 89.39 0.20% DI line and AD line are m
DX moving sidew ways, indicati
ing a range
bou ance at 5126 5184, 5217 and 5290
und trend. It faces resista 6,
Dolla Index
ar 82.80 82.80 0.00%
while the suppor are placed at 4777, 473 and 4681.
rts d 37
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 AUG 12
DE 4996 4993 5036
5 50
077 516
61 4952
2 4909 4825
GOLD AUG 12
D 29793 29800
2 29
9868 299
942 3008
84 29726
6 29658 29516
SILVE SEPT 12
ER 53217 53319
5 53
3487 537
758 5419
97 53048
8 52880 52441
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