1.
Daily Commodity Report
1st June 2012
MCX GOLD (5 JUNE 12) - Gold opened higher at 29120. It moved
Gold Silver Crude
(5 Jun-12) (5 Jul-12) (19 Jun-12) lower to touch an intra-day low of 29005. However, it managed a
bounce back and moved higher to touch an intra-day high of 29198.
Open 29,120 54,377 4,961 It ended the day with marginal gains to close at 29148.
High 29,198 54,465 4,984
The RSI and the Stochastic are placed above its average. These
Low 29,005 53,820 4,874
positive conditions would lead to further buying support. The ADX
Close 29,148 54,110 4,919 line, the –DI line and the +DI line are moving sideways, indicating a
Prev. Close 29,117 54,483 4,962 range bound trend. MCX GOLD faces resistance at 29212, 29433
and 30000 while the supports are placed at 28960, 28084, 27855,
% Change 0.11% -0.68% -0.87% 27557 and 26517 levels.
Source – MCX
MCX SILVER (5 JULY 12) - Silver opened lower at 54377. It
Volume (In 000's) moved lower to touch an intra-day low of 53820. However, it
managed a bounce back and moved higher to touch an intra-day
31/5/2012 30/5/2012 % Chg.
high of 54565. However, it still ended the day with moderate losses
Gold (gms) 22,810.0 38,733.0 -41.11% to close at 54110.
Silver (kgs) 2,166.8 2,619.7 -17.29%
The RSI is placed above its average, which would lead to buying
Crude (bbl) 25,682.6 22,916.0 12.07% support. However, the Stochastic remains placed below its
Source – MCX average, which would lead to selling pressure especially at higher
levels. The ADX line, the +DI line and the –DI line are moving
Turnover (In Lacs) sideways, indicating a range bound trend. MCX Silver faces
resistance at 55551, 56157, 57737, 61708 and 65159 while the
31/5/2012 30/5/2012 % Chg. supports are placed at 51029, 50252 and 48562 levels.
Gold 663,777.2 1,119,918.9 -40.73%
MCX CRUDE (19 June 12) - Crude opened lower at 4961 level. It
Silver 1,173,925.4 1,413,314.6 -16.94% moved higher to touch an intra-day high of 4984. However, it failed
Crude 1,267,454.4 1,151,144.3 10.10%
to sustain higher and moved lower to touch an intra-day low of
4874. It ended the day with moderate losses to close at 4919.
Source – MCX
The RSI and the Stochastic are placed below their respective
Global Market (Nymex - $)
averages, which would lead to selling pressure. However, both are
1/6/2012 31/5/2012 % Chg. placed in the over sold zone, which would lead to short covering at
lower levels. The ADX line and –DI line are trending up and are
Gold (oz) 1,555.80 1,562.60 -0.44%
placed above the 30 level indicating sellers have an upper hand.
Silver (oz) 27.61 27.76 -0.55% While the +DI line is moving lower. It faces resistance at 5000,
Crude (bbl) 86.26 86.53 -0.31% 5058, 5160 and 5264 while the supports are placed at 4905, 4855
and 4710 levels.
Dollar Index 83.20 83.04 0.19%
Source – www.cmegroup.com
Intra-day Resistance Intra-day Support
Commodities Close Pivot Point
R1 R2 R3 S1 S2 S3
CRUDE JUN 12 4919 4926 4977 5036 5146 4867 4816 4706
GOLD JUN 12 29148 29117 29229 29310 29503 29036 28924 28731
SILVER JUL 12 54110 54132 54443 54777 55422 53798 53487 52842
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2.
US Economic Calendar:
Friday Monday Tuesday Wednesday Thursday
Jun 01 Jun 04 Jun 05 Jun 06 Jun 07
Employment Situation Factory Orders ISM Non-Mfg Index Productivity and Costs Jobless Claims
Data
Personal Income and 4-Week Bill ICSC-Goldman Store EIA Petroleum Status EIA Natural Gas
Outlays Announcement Sales Report Report
Construction 6-Month Bill Auction 4-Week Bill Auction MBA Purchase Bloomberg Consumer
Spending Applications Comfort Index
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3.
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