1. Daily Commodity Report
3rd January 2012
MCX GOLD (FEB 12) - Gold opened lower at 27300. It touched an
Gold Silver Crude
(4 Feb-12) (5 Mar-12) (19 Jan-12)
intra-day low of 27271. But it managed to move higher on back of
buying support to touch an intra-day high of 27414. It ended the day
Open 27,300 51,000 5,293 with modest gains to close at 27382.
High 27,414 51,381 5,329
Low 27,271 51,000 5,282 The RSI and the Stochastic are placed above their respective
averages, which would lead to buying support. However, the
Close 27,382 51,330 5,325 Stochastic is placed near the over bought zone, which would lead to
Prev. Close 27,329 51,029 5,296 intermediate bouts of profit taking. The ADX and +DI are moving
sideways, while -DI line is moving lower but is still placed at 39.15,
% Change 0.19% 0.59% 0.55%
indicating sellers are covering their short positions. MCX GOLD
Source – MCX faces resistance at 27954, 28152, 28960 and 29212, while the
supports are placed at 26347, 25500 and 24992 levels.
Volume (In 000's)
2/1/2012 31/12/2011 % Chg.
MCX SILVER (MAR 12) - Silver opened lower at 51000.
Incidentally, this was the lowest price for the day. It moved higher to
Gold (gms) 6,445.0 2,314.0 178.52% touch an intra-day high of 51381. It ended the day with moderate
Silver (kgs) 261.8 103.0 154.25% gains to close at 51330.
Crude (bbl) 2,044.7 361.1 466.24%
The RSI has moved above its average, which would lead to buying
Source – MCX support. Moreover, the Stochastic is already placed above its
average and, would lead to intermediate bouts of buying support.
Turnover (In Lacs) The ADX and +DI are moving sideways, while -DI line is placed at
39.69, indicating sellers have an upper hand. MCX Silver faces
2/1/2012 31/12/2011 % Chg.
resistance at 53200, 54184, 56480 levels, while the supports are
Gold 176,229.7 63,249.2 178.63% placed at 50410, 49809, 48477 and 45824 levels.
Silver 134,161.1 52,599.6 155.06%
MCX CRUDE (JAN 12) - Crude opened lower at 5293 level. It
Crude 108,471.9 19,136.2 466.84% moved lower to touch an intra-day low of 5282. However, it
Source – MCX managed to bounce back to touch an intra-day high of 5329.It
ended the day with moderate gains to close at 5325.
Global Market (Nymex - $)
The RSI and the Stochastic have moved above their respective
3/1/2012 2/1/2012 % Chg.
averages, which would result in buying support. The ADX and -DI
Gold (oz) 1,578.10 1,565.80 0.79% line are moving sideways, while the +DI line is placed at 35.15
indicating buyers have an upper hand. It faces resistance at 5342,
Silver (oz) 28.16 27.88 1.02%
5380, 5425 and 5475 levels, while the supports are placed at 5200,
Crude (bbl) 100.21 98.83 1.40% 5174 and 5115 levels.
Dollar Index 80.42 80.42 0.01%
Source – www.cmegroup.com
Intra-day Resistance Intra-day Support
Commodities Close Pivot Point R1 R2 R3 S1 S2 S3
CRUDE JAN 12 5325 5312 5342 5359 5406 5295 5265 5218
GOLD FEB 12 27382 27356 27440 27499 27642 27297 27213 27070
SILVER MAR 12 51330 51237 51474 51618 51999 51093 50856 50475
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Jan. 03 Jan. 04 Jan. 05 Jan. 06 Jan. 10
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Minutes Optimism Index
Construction Spending Factory Orders ADP Employment Monster Employment Wholesale Trade
Report Index
ISM Mfg Index MBA Purchase ISM Non-Mfg Index Treasury STRIPS
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