1.
Daily Commodity Report
7th February 2012
MCX GOLD (APRIL 12) - Gold opened higher at 27990. It moved
Gold Silver Crude
(5 Apr-12) (5 Mar-12) (20 Feb-12)
higher to touch an intra-day low of 28030. However, it failed to
sustain on back of selling pressure and touched an intra-day low of
Open 27,990 56,207 4,765 27808. It ended the day flat to close at 27936.
High 28,030 56,539 4,803
The RSI and the Stochastic are placed below their respective
Low 27,808 55,675 4,746
averages, which would lead to intermediate bouts of selling
Close 27,936 56,426 4,772 pressure. The ADX line, -DI line and +DI line are moving sideways,
Prev. Close 27,891 56,157 4,767
indicating a range bound trend. MCX GOLD faces resistance at
27954, 28152, 28960 and 29212, while the supports are placed at
% Change 0.16% 0.48% 0.10% 27557, 26347 and 25500 levels.
Source – MCX
MCX SILVER (MAR 12) - Silver opened higher at 56207. It moved
Volume (In 000's) lower to touch an intra-day low of 55675. However, it managed to
bounce back and moved higher on back of buying support. It
6/2/2012 4/2/2012 % Chg. touched an intra-day high of 56539. It ended the day with modest
Gold (gms) 36,872.0 4,087.0 802.18% gains to close at 56426.
Silver (kgs) 2,017.0 87.2 2213.56%
The RSI and the Stochastic are placed below their respective
Crude (bbl) 14,396.2 709.8 1928.21% averages, which would lead to intermediate bouts of selling
Source – MCX pressure. The ADX line, +DI Line and -DI line are moving sideways,
indicating a range bound trend. MCX Silver faces resistance at
57400, 57834, 58480 and 61708, while the supports are placed at
Turnover (In Lacs)
54671, 53170 and 51366 levels.
6/2/2012 4/2/2012 % Chg.
MCX CRUDE (FEB 12) - Crude opened higher at 4765 level. It
Gold 1,029,629.2 113,881.4 804.12%
moved lower to touch an intra-day low of 4746. However, it
Silver 1,132,312.3 48,917.0 2214.76% managed to bounce back from the lows and moved higher on back
of buying support. It touched an intra-day high of 4803.It ended the
Crude 686,917.5 33,805.8 1931.95%
day with marginal gains to close the day at 4772.
Source – MCX
The RSI is placed below its average. However, the Stochastic is
Global Market (Nymex - $) placed above its average. However, both are also placed in the over
sold zone, which would lead to intermediate bouts of short covering
7/2/2012 6/2/2012 % Chg.
and buying support. The +DI is moving lower, however, the ADX
Gold (oz) 1,723.50 1,722.80 0.04% line and –DI line both are placed above the 30 level indicating
Silver (oz) 33.63 33.75 -0.36%
sellers have an upper hand. It faces resistance at 4877, 4903, 4950,
5003, 5065, 5115, 5174 and 5200, while the supports are placed at
Crude (bbl) 97.12 96.91 0.22% 4670, 4493 and 4421 levels.
Dollar Index 79.13 79.08 0.07%
Source – www.cmegroup.com
Intra-day Resistance Intra-day Support
Commodities Close Pivot Point R1 R2 R3 S1 S2 S3
CRUDE FEB 12 4772 4774 4801 4831 4888 4744 4717 4660
GOLD APR 12 27936 27925 28041 28147 28369 27819 27703 27481
SILVER MAR 12 56426 56213 56752 57077 57941 55888 55349 54485
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2.
US Economic Calendar:
Tuesday Wednesday Thursday Friday Monday
Feb. 07 Feb. 08 Feb. 09 Feb. 10 Feb. 13
ICSC-Goldman Store EIA Petroleum Status Jobless Claims Data International Trade 4-Week Bill
Sales Report Data Announcement
Consumer Credit Bank Reserve Wholesale Trade Data Consumer Sentiment 3-Month Bill Auction
Settlement
3-Yr Note Auction MBA Purchase Bloomberg Consumer Treasury Budget 6-Month Bill Auction
Applications Comfort Index
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3.
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