1. Daily Commodity Report
9th January 2012
MCX GOLD (FEB 12) - Gold opened higher at 27764. It moved
Gold Silver Crude
(4 Feb-12) (5 Mar-12) (19 Jan-12)
lower to touch an intra-day low of 27732. However, it managed to
move higher towards the close of session and touched an intra-day
Open 27,764 51,789 5,358 high of 27768. It ended the day flat to close at 27762.
High 27,768 51,892 5,379
The RSI remains placed above its respective, which would lead to
Low 27,732 51,688 5,358
buying support. However, the Stochastic has slipped below its
Close 27,762 51,845 5,366 average and is still placed in the over bought zone, which would
Prev. Close 27,755 51,868 5,345
lead to intermediate bouts of profit taking and selling pressure. The
ADX, -DI line and +DI are moving sideways, indicating a range
% Change 0.03% -0.04% 0.39% bound trend. MCX GOLD faces resistance at 27954, 28152, 28960
Source – MCX and 29212, while the supports are placed at 26347, 25500 and
24992 levels.
Volume (In 000's)
MCX SILVER (MAR 12) - Silver opened higher at 51789. It moved
7/1/2012 6/1/2012 % Chg. lower to touch an intra-day low of 51688. However, it managed to
Gold (gms) 1,287.0 55,677.0 -97.69% move higher towards the close of session and touched an intra-day
high of 51892. It ended the day flat to close at 51845.
Silver (kgs) 70.2 2,482.0 -97.17%
Crude (bbl) 585.9 21,228.1 -97.24% The RSI remains placed above its respective, which would lead to
Source – MCX buying support. However, the Stochastic has slipped below its
average, which would lead to intermediate bouts of selling pressure.
The ADX and +DI are moving sideways, while -DI line is moving
Turnover (In Lacs)
lower but is still placed 31.47, indicating sellers are covering their
7/1/2012 6/1/2012 % Chg. short positions. MCX Silver faces resistance at 53200, 54184,
56480 levels, while the supports are placed at 50410, 49809, 48477
Gold 35,714.5 1,548,756.8 -97.69% and 45824 levels.
Silver 36,343.8 1,297,239.0 -97.20%
MCX CRUDE (JAN 12) - Crude opened higher at 5358 level.
Crude 31,448.9 1,140,200.3 -97.24%
Incidentally, this was also the lowest price for the day. It moved
Source – MCX higher to touch an intra-day high of 5379. It ended the day with
modest gains to close near the highs for the day at 5366.
Global Market (Nymex - $)
The RSI and the Stochastic are placed below their respective
9/1/2012 7/1/2012 % Chg.
averages, which would result in selling pressure. The ADX and -DI
Gold (oz) 1,611.00 1,616.10 -0.32% line are moving sideways, while the +DI line is placed at 34.97
indicating buyers have an upper hand. It faces resistance at 5380,
Silver (oz) 28.85 28.67 0.64%
5464, 5475 and 5500 levels, while the supports are placed at 5200,
Crude (bbl) 101.03 101.56 -0.52% 5174 and 5115 levels.
Dollar Index 81.41 81.26 0.19%
Source – www.cmegroup.com
Intra-day Resistance Intra-day Support
Commodities Close Pivot Point R1 R2 R3 S1 S2 S3
CRUDE JAN 12 5366 5368 5377 5389 5410 5356 5347 5326
GOLD FEB 12 27762 27754 27776 27790 27826 27740 27718 27682
SILVER MAR 12 51845 51808 51929 52012 52216 51725 51604 51400
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2. US Economic Calendar:
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Jan. 10 Jan. 11 Jan. 12 Jan. 13 Jan. 17
NFIB Small Business EIA Petroleum Status Jobless Claims International Trade Empire State Mfg
Optimism Index Report Survey
Wholesale Trade Bank Reserve Retail Sales Consumer Sentiment 10-Yr Note Settlement
Settlement
MBA Purchase Business Inventories Import and Export 6-Month Bill Auction
Applications Prices
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