1.
Daily Commodity Report
10th February 2012
MCX GOLD (APRIL 12) - Gold opened higher at 28197. It moved
Gold Silver Crude
(5 Apr-12) (5 Mar-12) (20 Feb-12) lower to touch an intra-day low of 28197. However, it managed a
bounce back from lower levels. It touched an intra-day high of
Open 28,197 56,836 4,882
28511. It ended the day with moderate gains to close at 28357.
High 28,511 57,724 4,953
Low 28,197 56,831 4,882 The RSI and the Stochastic are placed above their respective
Close 28,357 57,177 4,942 averages, which would lead to intermediate bouts of buying support.
The ADX line, -DI line and +DI line are moving sideways, indicating
Prev. Close 28,176 56,821 4,875
a range bound trend. MCX GOLD faces resistance at 28960, 29212
% Change 0.64% 0.63% 1.37% and 29433, while the supports are placed at 27557, 26347 and
Source – MCX 25500 levels.
Volume (In 000's) MCX SILVER (MAR 12) - Silver opened higher at 56836. It moved
9/2/2012 8/2/2012 % Chg. lower to touch an intra-day low of 56831. However, it managed a
bounce back from lower levels. It touched an intra-day high of
Gold (gms) 42,403.0 40,843.0 3.82%
57724. It ended the day with moderate gains to close at 57177.
Silver (kgs) 2,231.3 2,320.6 -3.85%
Crude (bbl) 14,726.1 16,065.8 -8.34% The RSI and the Stochastic are placed above their respective
Source – MCX averages, which would lead to intermediate bouts of buying support.
The -DI line is moving sideways, however, the ADX line and +DI line
Turnover (In Lacs) are placed above the 30 level indicating buyers are gaining strength
MCX Silver faces resistance at 57400, 57834, 58480 and 61708,
9/2/2012 8/2/2012 % Chg. while the supports are placed at 54671, 53170 and 51366 levels.
Gold 1,202,809.5 1,157,071.3 3.95%
Silver 1,277,761.3 1,329,725.6 -3.91% MCX CRUDE (FEB 12) - Crude opened higher at 4882 level.
Incidentally, this was the lowest price for the day. It moved higher to
Crude 725,236.7 786,010.4 -7.73% touch an intra-day high of 4953. It ended the day with moderate
Source – MCX gains to close at 4942.
Global Market (Nymex - $) The RSI and the Stochastic are placed above their respective
10/2/2012 9/2/2012 % Chg. averages, which would lead to intermediate bouts of short covering
and buying support. However, the Stochastic is placed in the over
Gold (oz) 1,733.50 1,739.00 -0.32%
bought zone and would lead to regular bouts of profit taking. The
Silver (oz) 33.90 33.88 0.05% ADX line, +DI and –DI line are moving sideways. It faces resistance
Crude (bbl) 99.60 99.84 -0.24% at 4877, 4903, 4950, 5003, 5065, 5115, 5174 and 5200, while the
supports are placed at 4670, 4493 and 4421 levels.
Dollar Index 78.69 78.62 0.09%
Source – www.cmegroup.com
Intra-day Resistance Intra-day Support
Commodities Close Pivot Point R1 R2 R3 S1 S2 S3
CRUDE FEB 12 4942 4926 4969 4997 5068 4898 4855 4784
GOLD APR 12 28357 28355 28513 28669 28983 28199 28041 27727
SILVER MAR 12 57177 57244 57657 58137 59030 56764 56351 55458
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2.
US Economic Calendar:
Friday Monday Tuesday Wednesday Thursday
Feb. 10 Feb. 13 Feb. 14 Feb. 15 Feb. 16
International Trade 4-Week Bill Retail Sales Data Industrial Production Jobless Claims
Data Announcement
Consumer Sentiment 3-Month Bill Auction Import and Export FOMC Meeting Housing Starts
Prices Minutes
Treasury Budget 6-Month Bill Auction Business Inventories Housing Market Index Producer Price Index
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3.
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