The daily commodity report summarizes prices and trading activity for gold, silver, and crude oil futures on the MCX exchange in India. On February 27th, gold and silver prices closed lower by 1.16% and 1.46% respectively, while crude oil closed lower by 0.42%. Trading volumes declined significantly across all three commodities compared to the previous day. Technical indicators show buying support for gold and silver but strengthening sellers for crude oil. Key support and resistance price levels are provided.

1. Daily Commodity Report
28th February 2013
Gold Silver Crude MCX GOLD (5 APRIL 13) –
27-Feb-13
Expiry 5-Apr-13 5-Mar-13 19-Mar-13 Gold opened lower at 30030. Incidentally, this was the highest
Open 30,030 54,500 5,019 price recorded for the day. It moved lower to touch an intra-day low
of 29716. It ended the day with moderate losses to close at 29743.
High 30,030 54,500 5,035
The RSI and the Stochastic are placed above their respective
Low 29,716 53,680 4,986
averages, which would lead to buying support. Though the –DI line
Close 29,743 53,786 5,007 and ADX line are placed above the +DI line and are also placed
above the 29 level, these are falling and have come off their recent
Prev. Close 30,092 54,582 5,028
highs, indicating sellers are covering shorts regularly. MCX Gold
% Change -1.16% -1.46% -0.42% faces resistance at 30000, 30150, 30475, and 30916 while the
Source – MCX support levels are placed at 29500, 29142 and 28765.
MCX SILVER (5 MARCH 13) –
Volume (In 000's)
27-Feb-13 26-Feb-13 % Chg. Silver opened lower at 54500 Incidentally, this was the highest
price recorded for the day. It moved lower to touch an intra-day low
Gold (gms) 38,917.0 56,840.0 -31.53% of 53680. It ended the day with moderate losses to close at 53786.
Silver (kgs) 1,644.8 2,456.2 -33.03%
The RSI and the Stochastic are placed above their respective
Crude (bbl) 19,714.2 22,687.4 -13.11% averages, which would lead to buying support. Though the –DI line
and ADX line are placed above the +DI line and are also placed
Source – MCX
above the 30 level, these are falling and have come off their recent
highs, indicating sellers are covering shorts regularly. MCX Silver
Turnover (In Lacs)
faces resistance at 55952, 56372, and 56613 while the supports
27-Feb-13 26-Feb-13 % Chg. are placed at 53621, 52622 and 51660 levels.
Gold 1,162,454.2 1,695,381.1 -31.43% MCX CRUDE (19 MARCH 13) –
Silver 888,884.5 1,326,949.2 -33.01%
Crude opened lower at 5019 and moved further lower to touch an
Crude 987,782.2 1,141,064.3 -13.43% intra-day low of 4986. However, it managed to bounce back from
Source – MCX lows for the day. It moved higher to touch an intra-day high of
5035. It still ended the day with modest losses to close the day at
Global Market (Nymex - $) 5007.
27/02/201 26/02/201 % The RSI is placed below its average, which would lead to selling
3 3 Chg.
pressure. However, the Stochastic is placed above its average and
Gold (oz) 1,598.60 1,595.70 0.18% in the over sold zone along with RSI, which would lead to short
Silver (oz) 29.10 28.98 0.41% covering and buying support at lower levels. Though the –DI line
and ADX line are placed above the +DI line. The –DI line is placed
WTI Crude (bbl) 93.09 92.76 0.36%
above the 37 level, indicating sellers are gaining strength. MCX
Brent Crude (bbl) 112.28 111.87 0.37% Crude faces resistance at 5065, 5085, 5122, 5157 and 5250, while
Dollar Index 81.52 81.58 -0.07% the supports are placed at 4989, 4834 and 4776.
Source – www.cmegroup.com
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 rallies on heavy demand, silver recovers
Gold prices rallied further at the bullion market here today on heavy demand from stockists and investors supported by
higher global cues. Silver also recovered smartly on good speculative offtake amidst renewed industrial buying.
WTI oil rebounds from 2013 low
West Texas Intermediate rose on Wednesday from its lowest level this year. Futures gained as much as 0.5%. Iranian
nuclear negotiator Saeed Jalili said negotiations with the US and its partners will resume next month in Istanbul as
discussions in Almaty, Kazakhstan, concluded. Americans and others made no offer to ease oil or financial sanctions
on Iran, said a US official, asking not to be identified.
Crude inventories climbed by 9,04,000 barrels last week to 373.4 million, the highest level since December, the
American Petroleum Institute (API) said on Tuesday.
Source: ET
Economic Calendar:
Countries / Thursday Friday Monday
Regions 28/13 01/13 04/13
Gross Domestic Product
India FX Reserves, USD (Feb 17)
Quarterly (YoY) (Q4)
Infrastructure Output (YoY)
(Jan)e
Federal Fiscal
Deficit, INR (Jan)
Gross Domestic Product Markit Manufacturing PMI
US
Annualized (Q4) (Feb)
Core Personal
Personal Income (MoM)
Consumption Expenditures
(Jan)
(QoQ) (Q4)
Initial Jobless Claims (Feb
24)
Japan Capital Spending European Monetary Union European Monetary Union
Global
(Q4) Unemployment Rate (Jan) Eurogroup meeting
European Monetary Union
UK Gfk Consumer Great Britain Markit
Sentix Investor Confidence
Confidence (Feb) Manufacturing PMI (Feb)
(Mar)
Keynote Capitals Ltd.
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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