1. Daily Commodity Report
21st February 2013
20-Feb-13 Gold Silver Crude MCX GOLD (5 APRIL 13) –
Expiry 05-Apr-13 05-Mar-13 19-Mar-13 Gold opened lower at 30028 but managed to move higher to touch
Open 30,028 55,259 5,250 an intra-day high of 30040. However, it failed to sustain higher and
moved lower to touch an intra-day low of 29505. It ended the day
High 30,040 55,278 5,289 with large losses to close at 29579.
Low 29,505 53,266 5,132 The Stochastic has slipped below its average. Moreover, the RSI is
Close 29,579 53,720 5,164 already placed below its average. These negative conditions would
lead to selling pressure. However, the Stochastic and RSI are also
Prev. Close 30,052 55,171 5,246 placed in the over sold zone, which would lead to intermediate
% Change -1.57% -2.63% -1.56% bouts of short covering at lower levels. The –DI line and ADX line
are placed above the +DI line and are also placed above the 33
Source – MCX level, indicating sellers have an upper hand. MCX Gold faces
resistance at 30000, 30150, 30475, 30916 and 31535 while the
Volume (In 000's) support levels are placed at 29500, 29142 and 28765.
20-Feb-13 19-Feb-13 % Chg. MCX SILVER (5 MARCH 13) –
Gold (gms) 51,699.0 28,841.0 79.26% Silver opened higher at 55259 and moved further higher to touch
an intra-day high of 55278. However, it failed to sustain higher and
Silver (kgs) 3,468.4 2,257.9 53.61%
moved lower to touch an intra-day low of 53266. It ended the day
Crude (bbl) 28,157.4 10,411.6 170.44% with large losses to close at 53720.
Source – MCX The RSI is still placed below its average, which would lead to
selling pressure. However, the Stochastic is placed above its
Turnover (In Lacs) average and is also placed in the over sold zone along with the
RSI. These conditions would lead to intermediate bouts of short
20-Feb-13 19-Feb-13 % Chg. covering and buying support at lower levels. The –DI line and ADX
line are placed above the +DI line and are also placed above the
Gold 1,538,041.6 868,400.1 77.11%
28 level, indicating sellers have an upper hand. MCX Silver faces
Silver 1,881,444.0 1,257,426.4 49.63% resistance at 55952, 56372, 56613, 57049, 59483 and 61484 while
the supports are placed at 53621, 52622 and 51660 levels.
Crude 1,471,685.1 545,120.5 169.97%
MCX CRUDE (19 MARCH 13) –
Source – MCX
Crude opened higher at 5250 and moved further higher to touch an
Global Market (Nymex - $) intra-day high of 5289. However, it failed to sustain higher and
moved lower to touch an intra-day low of 5132. It ended the day
20/02/2013 19/02/2013 % Chg. with large losses to close the day at 5164.
Gold (oz) 1,559.50 1,578.10 -1.18% The RSI and the Stochastic are placed below their respective
averages, which would lead to intermediate bouts of selling
Silver (oz) 28.46 28.62 -0.56%
pressure. However, the Stochastic is placed in the over sold zone,
WTI Crude (bbl) 94.46 95.15 -0.73% which would lead to short covering at lower levels. The –DI line and
ADX line are placed above the +DI line. The –DI line is also placed
Brent Crude (bbl) 115.17 115.60 -0.37% above the 29 level, indicating sellers are gaining strength. MCX
Dollar Index 81.14 81.08 0.07% Crude faces resistance at 5250, 5300, 5401 and 5476, while the
supports are placed 5157, 5122 and 5085.
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:
Metals in need of infra push to regain shine
The Indian steel industry's performance this year is regarded as one the best when pitted against global peers. While
global steel production grew by a mere 0.9% in the first 11 months of 2012 and Chinese production rose by 2.9%, the
Indian steel industry posted an impressive 4.2% growth.
India suspends jewellery imports from Thailand
India has suspended jewellery imports from Thailand on the apprehension that exporters of other countries were
routing their exports from there to take the advantage of bilateral trade agreement between the two.
Gold falls to 6-month low on signs of economic recovery
Gold fell to a six-month low on Wednesday, breaking through support at $1,600 an ounce, as investors were drawn to
riskier assets ahead of a closely watched US Fed minutes later in the day. Signs of an improving global economic
outlook sent equities to multi-year highs this week, making gold's safe haven qualities less appealing. Spot gold fell as
low as $1,590.71 an ounce, it's lowest since August 15.
Source: ET
Economic Calendar:
Countries / Thursday Friday Monday
Regions 21/13 22/13 25/13
India Bank Loan Growth (Feb 3)
FX Reserves, USD (Feb 24)
Initial Jobless Claims (Feb FOMC Member Powell Dallas Fed Manufacturing
US
17) Speech Business Index (Feb)
Markit Manufacturing PMI
(Feb)
Existing Home Sales
Change (MoM) (Jan)
European Commission
China CB Leading Economic China HSBC Manufacturing
Global Releases Economic Growth
Index (Jan) PMI (Feb)
Forecasts
Euro Markit Manufacturing China MNI Business UK Nationwide Housing
PMI (Feb) Sentiment Indicator (Feb) Prices n.s.a (YoY) (Feb)
Germany Gross Domestic
Product s.a (QoQ) (Q4)
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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