1.
Daily Commodity Report
6th January 2012
MCX GOLD (FEB 12) - Gold opened lower at 27812. It touched an
Gold Silver Crude
(4 Feb-12) (5 Mar-12) (19 Jan-12)
intra-day high of 27875. However, profit taking and selling pressure
was witnessed at higher levels and it touched an intra-day low of
Open 27,812 52,900 5,451 27540. It ended the day with marginal losses to close at 27821.
High 27,875 52,988 5,465
The RSI and the Stochastic are placed above their respective
Low 27,540 51,861 5,402 averages, which would lead to buying support. However, the
Close 27,821 52,740 5,443 Stochastic is placed in the over bought zone, which would lead to
intermediate bouts of profit taking. The ADX and +DI are moving
Prev. Close 27,852 52,761 5,462 sideways, while -DI line is moving lower but is still placed at 30.97,
% Change -0.11% -0.04% -0.35% indicating sellers are covering their short positions. MCX GOLD
faces resistance at 27954, 28152, 28960 and 29212, while the
Source – MCX
supports are placed at 26347, 25500 and 24992 levels.
Volume (In 000's) MCX SILVER (MAR 12) - Silver opened higher at 52900. It moved
5/1/2012 4/1/2012 % Chg.
higher to touch an intra-day high of 52988. However, profit taking
and selling pressure was witnessed at higher levels and it touched
Gold (gms) 64,060.0 62,804.0 2.00% an intra-day low of 51861. It ended the day flat to close at 52740.
Silver (kgs) 2,746.1 2,789.7 -1.56%
The RSI and the Stochastic are placed above its average and would
Crude (bbl) 20,369.7 22,747.5 -10.45% lead to buying support. However, the Stochastic is placed in the
Source – MCX over bought zone, which would lead to intermediate bouts of profit
taking. The ADX and +DI are moving sideways, while -DI line is
Turnover (In Lacs)
moving lower but is still placed 32.36, indicating sellers are covering
their short positions. MCX Silver faces resistance at 53200, 54184,
5/1/2012 4/1/2012 % Chg. 56480 levels, while the supports are placed at 50410, 49809, 48477
and 45824 levels.
Gold 1,776,421.6 1,740,904.6 2.04%
Silver 1,438,929.1 1,473,322.6 -2.33% MCX CRUDE (JAN 12) - Crude opened lower at 5451 level. It
moved higher to touch an intra-day high of 5465. However, profit
Crude 1,107,774.4 1,240,076.9 -10.67% taking and selling pressure was witnessed at higher levels and it
Source – MCX touched an intra-day low of 5402. It ended the day flat to close at
5443.
Global Market (Nymex - $)
The RSI and the Stochastic are placed above their respective
6/1/2012 5/1/2012 % Chg. averages, which would result in buying support. However, the
Stochastic has moved in the over bought zone and would lead to
Gold (oz) 1,627.00 1,620.10 0.43%
intermediate bouts of profit taking. The ADX and -DI line are moving
Silver (oz) 29.26 29.28 -0.07% sideways, while the +DI line is placed at 39.71 indicating buyers
Crude (bbl) 101.41 101.81 -0.39% have an upper hand. It faces resistance at 5464, 5475 and 5500
levels, while the supports are placed at 5380, 5200, 5174 and 5115
Dollar Index 80.18 80.13 0.06% levels.
Source – www.cmegroup.com
Intra-day Resistance Intra-day Support
Commodities Close Pivot Point R1 R2 R3 S1 S2 S3
CRUDE JAN 12 5443 5437 5471 5500 5563 5408 5374 5311
GOLD FEB 12 27821 27745 27951 28080 28415 27616 27410 27075
SILVER MAR 12 52740 52530 53198 53657 54784 52071 51403 50276
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2.
US Economic Calendar:
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Jan. 06 Jan. 10 Jan. 11 Jan. 12 Jan. 13
Employment Situation NFIB Small Business EIA Petroleum Status Jobless Claims International Trade
Optimism Index Report
Monster Employment Wholesale Trade Bank Reserve Retail Sales Consumer Sentiment
Index Settlement
Treasury STRIPS MBA Purchase Business Inventories Import and Export
Applications Prices
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3.
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