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Keynote commodity daily report 050612

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Keynote commodity daily report 050612

  1. 1. Daily Commodity Report 5th June 2012 MCX GOLD (4 AUGUST 12) - Gold opened lower at 30011. It Gold Silver Crude (4 Aug-12) (5 Jul-12) (19 Jun-12) moved higher to touch an intra-day high of 30110. However, it failed to sustain higher and moved lower to touch an intra-day low Open 30,011 54,407 4,607 of 29883. It ended the day with moderate losses to close at 29918. High 30,110 54,564 4,675 The RSI is above its average, which would lead to buying support. Low 29,883 53,759 4,522 However, the Stochastic has slipped below its average and is also Close 29,918 53,839 4,661 placed in the over bought zone along with RSI. These conditions would lead to profit taking and selling pressure. The ADX line, +DI Prev. Close 30,099 54,487 4,624 line and the –DI line are moving sideways, indicating a range bound % Change -0.60% -1.19% 0.80% trend. MCX GOLD faces resistance at 29929, 30000 and 30156 while the supports are placed at 29871, 29433, 29212, 28960, Source – MCX 28084, 27855, 27557 and 26517 levels. Volume (In 000's) MCX SILVER (5 JULY 12) - Silver opened higher at 54407. It 04/06/2012 02/06/2012 % Chg. moved higher to touch an intra-day high of 54564. However, it failed o sustain higher and moved lower to touch an intra-day low of Gold (gms) 34,335.0 337.0 10088.43% 53759. It ended the day with moderate losses to close at 53839. Silver (kgs) 1,809.8 71.1 2444.29% The RSI has slipped below its average, which would lead to selling Crude (bbl) 26,184.3 1,048.5 2397.31% pressure. However, the Stochastic is still placed above its average Source – MCX but is placed in the over bought zone, which would lead to profit taking at regular intervals. The ADX line and the –DI line are Turnover (In Lacs) moving higher and are placed above the 30 level, indicating sellers have an upper hand. MCX Silver faces resistance at 55551, 56157, 04/06/2012 02/06/2012 % Chg. 57737, 61708 and 65159 while the supports are placed at 51029, 50252 and 48562 levels. Gold 1,029,565.2 10,061.4 10132.79% Silver 979,613.2 38,784.0 2425.82% MCX CRUDE (19 June 12) - Crude opened lower at 4607 level. It moved lower to touch an intra-day low of 4522. However, it Crude 1,202,609.2 48,494.3 2379.90% managed t o bounce back from lower levels to move higher and Source – MCX touch an intra-day high of 4675. It ended the day with moderate gains to close at 4661. Global Market (Nymex - $) The RSI is placed in the over sold zone but is still placed below its 05/06/2012 04/06/2012 % Chg. average. Moreover, the Stochastic is also placed in the over sold Gold (oz) 1,620.10 1,612.20 0.49% zone but has moved above its average. These conditions would lead to short covering and buying support. The ADX line and –DI Silver (oz) 28.32 28.01 1.10% line are trending up and are placed above the 36 level indicating Crude (bbl) 84.87 83.98 1.06% sellers have an upper hand. While the +DI line is moving lower. It Dollar Index 82.41 82.56 -0.18% faces resistance at 4710, 4855, 4905 and 5000 while the supports are placed at 4421, 4259 and 3723. Source – www.cmegroup.com Intra-day Resistance Intra-day Support Commodities Close Pivot Point R1 R2 R3 S1 S2 S3 CRUDE JUN 12 4661 4619 4717 4772 4925 4564 4466 4313 GOLD AUG 12 29918 29970 30058 30197 30424 29831 29743 29516 SILVER JUL 12 53839 54054 54349 54859 55664 53544 53249 52444 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. 2. US Economic Calendar: Tuesday Wednesday Thursday Friday Monday Jun 05 Jun 06 Jun 07 Jun 08 Jun 11 ISM Non-Mfg Index Productivity and Costs Jobless Claims International Trade 4-Week Bill Data Announcement ICSC-Goldman Store EIA Petroleum Status EIA Natural Gas Wholesale Trade 3-Month Bill Auction Sales Report Report 4-Week Bill Auction MBA Purchase Bloomberg Consumer 6-Month Bill Auction Applications Comfort Index Keynote Capitals Ltd. The Ruby, 9th Floor, Senapati Bapat Marg, Dadar (W), Mumbai – 400 028. Tel: 3026 6000. Fax: 3026 6088. www.keynotecapitals.com
  3. 3. Disclaimer This document is not for public distribution and has been furnished to you solely for your information and must not be reproduced or redistributed to any other person. Persons into whose possession this document may come are required to observe these restrictions. This material is for the personal information of the authorized recipient, and we are not soliciting any action based upon it. This report is not to be construed as an offer to sell or the solicitation of an offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. It is for the general information of clients of Keynote Capitals Ltd. It does not constitute a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual clients. We have reviewed the report, and in so far as it includes current or historical information, it is believed to be reliable though its accuracy or completeness cannot be guaranteed. Neither Keynote Capitals Ltd., nor any person connected with it, accepts any liability arising from the use of this document. The recipients of this material should rely on their own investigations and take their own professional advice. Price and value of the investments referred to in this material may go up or down. Past performance is not a guide for future performance. Certain transactions -including those involving futures, options and other derivatives as well as non-investment grade securities - involve substantial risk and are not suitable for all investors. Reports based on technical analysis centers on studying charts of a stock’s price movement and trading volume, as opposed to focusing on a company’s fundamentals and as such, may not match with a report on a company’s fundamentals. Opinions expressed are our current opinions as of the date appearing on this material only. While we endeavor to update on a reasonable basis the information discussed in this material, there may be regulatory, compliance, or other reasons that prevent us from doing so. Prospective investors and others are cautioned that any forward-looking statements are not predictions and may be subject to change without notice. Our proprietary trading and investment businesses may make investment decisions that are inconsistent with the recommendations expressed herein. We and our affiliates, officers, directors, and employees world wide may: (a) from time to time, have long or short positions in, and buy or sell the securities thereof, of company (ies) mentioned herein or (b) be engaged in any other transaction involving such securities and earn brokerage or other compensation or act as a market maker in the financial instruments of the company (ies) discussed herein or act as advisor or lender / borrower to such company (ies) or have other potential conflict of interest with respect to any recommendation and related information and opinions. The analyst for this report certifies that all of the views expressed in this report accurately reflect his or her personal views about the subject company or companies and its or their securities, and no part of his or her compensation was, is or will be, directly or indirectly related to specific recommendations or views expressed in this report. No part of this material may be duplicated in any form and/or redistributed without Keynote Capitals Ltd’s., prior written consent. 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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