1. Daily Commodity Report
9th December 2011
MCX GOLD (FEB 12) - Gold opened higher at 29285. It moved
Gold Silver Crude
(4 Feb-11) (5 Mar-11) (19 Dec-11)
lower during the day to touch an intra-day low of 28948. However,
Gold managed to bounce back to move higher on back of buying
Open 29,285 57,273 5,224 support and touched an intra-day high of 29433. It ended the day
High 29,433 57,834 5,239 with modest gains to close at 29096.
Low 28,948 55,951 5,127
The RSI and Stochastic are placed above their respective averages,
Close 29,096 56,237 5,155 which would lead to buying support at regular intervals. However,
Stochastic is placed near the over bought zone, which would lead to
Prev. Close 29,247 57,190 5,227
intermediate bouts of profit taking. The ADX, +DI and -DI line are
% Change -0.52% -1.67% -1.38% moving sideways, indicating a range bound trend However, +DI line
Source – MCX is on verge of a breakout. MCX GOLD faces resistance at 29212,
29500, 29800 and 30000, while the supports are placed at 28960,
28152, and 27954 levels.
Volume (In 000's)
8/12/2011 7/12/2011 % Chg. MCX SILVER (MAR 12) - Silver opened higher at 57273. It moved
lower during the day to touch an intra-day low of 55951. However,
Gold (gms) 56,526.0 39,833.0 41.91%
Silver managed to bounce back to move higher on back of buying
Silver (kgs) 2,537.3 1,751.9 44.83% support and touched an intra-day high of 57834. It ended the day
Crude (bbl) 22,004.1 22,082.5 -0.36%
with moderate gains to close at 56237.
Source – MCX The RSI is placed above its average, which would lead to buying
support at regular intervals. However, Stochastic has slipped below
Turnover (In Lacs) its average and is placed near the over bought zone, which would
lead to intermediate bouts of profit taking and selling pressure. The
8/12/2011 7/12/2011 % Chg.
ADX, -DI and +DI line are moving sideways, indicating a range
Gold 1,651,422.8 1,161,022.8 42.24% bound trend. MCX Silver faces resistance at 61708, 61884 and
64605 levels, while the supports are placed at 54754, 52725, 52365
Silver 1,442,901.6 1,002,830.6 43.88%
and 51226 levels.
Crude 1,142,122.6 1,152,378.9 -0.89%
Source – MCX
MCX CRUDE (DEC 11) - Crude opened lower at 5224 level. It
moved higher to touch an intra-day high of 5239. But profit taking
and selling pressure saw it move lower to touch an intra-day low of
Global Market (Nymex - $)
5127. It ended the day with moderate losses to close at 5155.
9/12/2011 8/12/2011 % Chg.
The RSI and the Stochastic are placed below their respective
Gold (oz) 1,711.90 1,709.80 0.12%
averages, which would lead to selling pressure. The ADX and -DI
Silver (oz) 31.79 31.48 1.00% line are moving sideways, but +DI line has come down to 30.40,
Crude (bbl) 98.08 98.34 -0.26%
indicating buyers are losing the upper hand. It faces resistance at
5174, 5200, 5250 and 5274 levels, while the supports are placed at
Dollar Index 78.93 78.83 0.13% 5000, 4889, and 4618 levels.
Source – www.cmegroup.com
Intra-day Resistance Intra-day Support
Commodities Close Pivot Point R1 R2 R3 S1 S2 S3
CRUDE DEC 11 5155 5174 5220 5286 5398 5108 5062 4950
GOLD FEB 11 29096 29159 29370 29644 30129 28885 28674 28189
SILVER MAR 11 56237 56674 57397 58557 60440 55514 54791 52908
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2. US Economic Calendar:
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Dec. 09 Dec. 12 Dec. 13 Dec. 14 Dec. 15
FOMC Meeting EIA Petroleum Status
International Trade Treasury Budget Jobless Claims Data
Announcement Report
Import and Export
Consumer Sentiment 3-Yr Note Auction Retail Sales Data Producer Price Index
Prices
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Settlement
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