1. Daily Commodity Report
8th June 2012
Gold Silver Crude MCX GOLD (4 AUGUST 12) - Gold opened higher at 30070.
(4 Aug-12) (5 Jul-12) (19 Jun-12) Incidentally, this was the highest price for the day. It moved lower
to touch an intra-day low of 39214. It ended the day with high
Open 30,070 55,700 4,721
losses to close at 29317.
High 30,070 55,750 4,764
Low 29,214 53,840 4,665 The RSI has slipped below its average. Moreover, the Stochastic
has slipped below its average. These conditions would lead to
Close 29,317 54,091 4,694
selling pressure. The ADX line, -DI line and +DI line are moving
Prev. Close 30,065 55,841 4,720 sideways, indicating a range bound trend. MCX GOLD faces
% Change -2.49% -3.13% -0.55% resistance at 29668, 30156, 30295 and 30500 while the supports
Source – MCX
are placed at 28859, 28765 and 27962 levels.
Volume (In 000's) MCX SILVER (5 JULY 12) - Silver opened lower at 55700. It
moved higher to touch an intra-day high of 55750 but failed to
07/06/2012 06/06/2012 % Chg. sustain higher and moved lower to touch an intra-day low of 53840.
Gold (gms) 75,098.0 46,517.0 61.44% It ended the day with large losses to close at 54091.
Silver (kgs) 3,179.8 2,667.6 19.20%
The RSI and the Stochastic have slipped their respective averages,
Crude (bbl) 24,513.5 19,801.1 23.80% which would lead to selling pressure. The ADX line, +DI line and
Source – MCX the –DI line are moving sideways, indicating a range bound trend.
MCX Silver faces resistance at 55551, 56157, 57737, 61708 and
Turnover (In Lacs) 65159 while the supports are placed at 53818, 51029, and 50252
levels.
07/06/2012 06/06/2012 % Chg.
Gold 2,226,686.3 1,403,938.2 58.60% MCX CRUDE (19 June 12) - Crude opened higher at 4721 level. It
moved lower to touch an intra-day low of 4665. However, it
Silver 1,744,603.2 1,485,567.7 17.44%
managed to bounce back from lower levels to touch an intra-day
Crude 1,154,864.8 938,183.8 23.10% high of 4764. It ended the day with modest losses to close at 4694.
Source – MCX
The RSI and the Stochastic are placed above their respective
Global Market (Nymex - $) averages. Moreover the RSI is placed around the over sold zone,
which would lead to short covering and buying support at lower
08/06/2012 07/06/2012 % Chg.
levels. The ADX line and –DI line are placed above the 38 level but
Gold (oz) 1,569.00 1,586.60 -1.11% the –DI line has started coming down indicating shorts are getting
Silver (oz) 28.23 28.53 -1.05% covered at lower levels. It faces resistance at 4855, 4905 and 5000
while the supports are placed at 4624, 4421, 4259 and 3723.
Crude (bbl) 83.16 84.82 -1.96%
Dollar Index 82.45 82.05 0.49%
Source – www.cmegroup.com
Intra-day Resistance Intra-day Support
Commodities Close Pivot Point
R1 R2 R3 S1 S2 S3
CRUDE JUN 12 4694 4708 4750 4807 4906 4651 4609 4510
GOLD AUG 12 29317 29534 29853 30390 31246 28997 28678 27822
SILVER JUL 12 54091 54560 55281 56470 58380 53371 52650 50740
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2. US Economic Calendar:
Friday Monday Tuesday Wednesday Thursday
Jun 08 Jun 11 Jun 12 Jun 13 Jun 14
International Trade 4-Week Bill Import and Export Producer Price Index Consumer Price Index
Announcement Prices
Wholesale Trade 3-Month Bill Auction Treasury Budget Retail Sales Jobless Claims
6-Month Bill Auction ICSC-Goldman Store EIA Petroleum Status Bloomberg Consumer
Sales Report Comfort Index
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