7.pdf This presentation captures many uses and the significance of the number...
Keynote commodity daily report 040612
1. Daily Commodity Report
4th June 2012
MCX GOLD (5 JUNE 12) - Gold opened lower at 29745. It moved
Gold Silver Crude
(5 Jun-12) (5 Jul-12) (19 Jun-12) lower to touch an intra-day low of 29740. However, it managed a
bounce back and moved higher to touch an intra-day high of 29929.
Open 29,745 54,530 4,624 It ended the day with modest gains to close at 29866.
High 29,929 54,610 4,641
The RSI and the Stochastic are placed above its average. These
Low 29,740 54,451 4,611
positive conditions would lead to further buying support. The ADX
Close 29,866 54,487 4,624 line and the –DI line are moving sideways. However, the +DI line is
Prev. Close 29,724 54,445 4,631 placed above the 30 level indicating buyers are gaining an upper
hand. MCX GOLD faces resistance at 29871, 29929 and 30000
% Change 0.48% 0.08% -0.15% while the supports are placed at 29433, 29212, 28960, 28084,
Source – MCX 27855, 27557 and 26517 levels.
Volume (In 000's) MCX SILVER (5 JULY 12) - Silver opened higher at 54530. It
moved higher to touch an intra-day high of 54610. However, it
02/06/2012 01/06/2012 % Chg.
failed o sustain higher and moved lower to touch an intra-day low of
Gold (gms) 337.0 4,753.0 -92.91% 54451. However, it still ended the day with marginal gains to close
at 54487.
Silver (kgs) 71.1 3,211.6 -97.79%
Crude (bbl) 1,048.5 32,237.7 -96.75% The RSI and the Stochastic are placed above their respective
Source – MCX average’s, which would lead to buying support. The ADX line, the
+DI line and the –DI line are moving sideways, indicating a range
Turnover (In Lacs) bound trend. MCX Silver faces resistance at 55551, 56157, 57737,
61708 and 65159 while the supports are placed at 51029, 50252
02/06/2012 01/06/2012 % Chg. and 48562 levels.
Gold 10,061.4 138,078.9 -92.71%
MCX CRUDE (19 June 12) - Crude opened lower at 4624 level. It
Silver 38,784.0 1,727,633.9 -97.76% moved higher to touch an intra-day high of 4641. However, it failed
Crude 48,494.3 1,522,310.7 -96.81%
to sustain higher and moved lower to touch an intra-day low of
4611. It ended the day with marginal losses to close at 4624.
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
04/06/2012 02/06/2012 % 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) 1,620.00 1,620.50 -0.03%
placed above the 30 level indicating sellers have an upper hand.
Silver (oz) 28.31 28.50 -0.67% While the +DI line is moving lower. It faces resistance at 4710,
Crude (bbl) 82.30 83.23 -1.12% 4855, 4905 and 5000 while the supports are placed at 4421, 4259
and 3723.
Dollar Index 82.96 82.89 0.08%
Source – www.cmegroup.com
Intra-day Resistance Intra-day Support
Commodities Close Pivot Point
R1 R2 R3 S1 S2 S3
CRUDE JUN 12 4624 4625 4640 4655 4685 4610 4595 4565
GOLD JUN 12 29866 29845 29950 30034 30223 29761 29656 29467
SILVER JUL 12 54487 54516 54581 54675 54834 54422 54357 54198
Keynote Capitals Ltd.
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2. US Economic Calendar:
Monday Tuesday Wednesday Thursday Friday
Jun 04 Jun 05 Jun 06 Jun 07 Jun 08
Factory Orders ISM Non-Mfg Index Productivity and Costs Jobless Claims International Trade
Data
4-Week Bill ICSC-Goldman Store EIA Petroleum Status EIA Natural Gas Wholesale Trade
Announcement Sales Report Report
6-Month Bill Auction 4-Week Bill Auction MBA Purchase Bloomberg Consumer
Applications Comfort Index
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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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www.keynotecapitals.com