1. Daily Commodity Report
8th October 2012
MCX GOLD (5 DECEMBER 12) –
Gold Silver Crude
(5 Dec-12) (5 Dec-12) (19 Oct-12) Gold opened higher at 31132 but moved marginally lower to touch
Open 31,132 61,730 4,671 an intra-day low of 31128. However, it managed to bounce back
from lower levels to touch an intra-day high of 31178. It ended the
High 31,178 61,849 4,689
day with moderate gains to close at 31167.
Low 31,128 61,715 4,671
The RSI and the Stochastic have moved above their respective
Close 31,167 61,800 4,678 averages, which would lead to buying support. The ADX line, +DI
Prev. Close 31,099 61,732 4,662 line and -DI line are moving sideways, indicating a range bound
trend. MCX Gold faces resistance at 31348, 31467, 31937, 32100,
% Change 0.22% 0.11% 0.34%
32393 and 32421 while the support levels are placed at 30837,
Source – MCX 30428, 30340, 30179, 29668 and 28859.
Volume (In 000's) MCX SILVER (5 DECEMBER 12) –
06/10/2012 05/10/2012 % Chg. Silver opened lower at 61730 but moved marginally lower to touch
Gold (gms) 1,357.0 42,249.0 -96.79%
an intra-day low of 61715. However, it managed to bounce back
from lower levels to touch an intra-day high of 61849. It ended the
Silver (kgs) 54.3 1,790.3 -96.97% day with marginal gains to close at 61800.
Crude (bbl) 580.0 29,916.5 -98.06%
The RSI and the Stochastic are placed below their respective
Source – MCX averages, which would lead to selling pressure. However, the
Stochastic is still placed in the over sold zone, which would lead to
Turnover (In Lacs) short covering at lower levels. The ADX line, +DI line and -DI line
are moving sideways, indicating a range bound trend. MCX Silver
06/10/2012 05/10/2012 % Chg.
faces resistance at 61912, 62273, 64600, 65723 and 66000 while
Gold 42,275.0 1,317,633.8 -96.79% the supports are placed at 61398, 60750 and 59512 levels.
Silver 33,552.8 1,112,824.8 -96.98% MCX CRUDE (19 OCTOBER 12) –
Crude 27,138.0 1,407,329.8 -98.07%
Crude opened lower at 4671. Incidentally, this was the lowest price
Source – MCX for the day. It moved higher to touch an intra-day high of 4689. It
ended the day with modest gains to close at 4678.
Global Market (Nymex - $)
The RSI is placed below its averages, which would lead to selling
08/10/2012 05/10/2012 % Chg. pressure. However, the Stochastic has moved above its average.
Gold (oz) 1,773.60 1,780.80 -0.40% Moreover, the RSI and the Stochastic are placed in the over sold
zone. These conditions would lead to regular bouts of short
Silver (oz) 34.10 34.57 -1.38%
covering and buying support at lower levels. Though the ADX line
WTI Crude 89.40 89.88 -0.53% is moving higher the -DI line has moved lower, indicating sellers
Brent Crude 111.53 112.02 -0.44% have started covering their shorts at lower levels. It faces
resistance at 4692, 4760, 4892, 4950 and 5050 while the supports
Dollar Index 79.50 79.34 0.20%
are placed at 4603, 4578 and 4467
Source – www.cmegroup.com
NOTE – Stop Losses should be considered strictly on Closing
Basis
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www.keynotecapitals.com

2. Commodity News:
Brent slips below $112 as weak economy offsets supply worries
Brent crude slipped below $112 per barrel on Monday, dropping for a second straight session on concerns a fragile
global economy could curb oil demand, but supply worries stemming from tensions in the Middle East may help check
losses. The World Bank cut on Monday its economic growth forecasts for the East Asia and Pacific region, home to
two of the world's largest oil consumers, and said there was a risk the slowdown in China could get worse and last
longer than expected.
Rangarajan Panel moots sugar industry decontrol; asks government to scrap regulations in local market
The Rangarajan committee, set up to examine issues related to sugar decontrol, has recommended complete
decontrol of the sugar industry. In its report, the committee has asked the government to remove levy sugar obligation
(sugar for ration shops) and to do away with the regulated release mechanism besides freeing up the commodity's
export and import.
Investment demand likely to lift gold prices by 7-10% in Q3
Gold as an investment instrument is likely to see a 7%-10% growth in the October-December quarter largely driven by
festival demand. Investment in gold exchange-traded funds (ETFs) is expected to increase a shade over 7% as
compared to a 5% growth in the last quarter.
Economic Calendar:
Countries / Monday Tuesday Wednesday
Regions 08/Oct 09/Oct 10/Oct
India
IBD/TIPP Economic Optimism MBA Mortgage Applications
US
(MoM) (Oct) (Oct 5)
NFIB Business Optimism
10-Year Note Auction
Index (Sep)
HSBC China Services PMI GBP Trade Balance; non-EU Italy Industrial Output w.d.a
Global
(Sep) (Aug) (YoY) (Aug)
Germany Current Account Greece Consumer Price JPY Bank lending (YoY)
n.s.a. (Aug) Index (YoY) (Sep) (Sep)
EUR Sentix Investor Japan Bank of Japan Monthly
Confidence (Oct) Economic Survey
GBP BRC Retail Sales
Monitor - All (YoY) (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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