1. Daily Commodity Report
10th April 2012
MCX GOLD (5 JUNE 12) - Gold opened higher at 28210.
Gold Silver Crude
(5 Jun-12) (5 May-12) (19 Apr-12)
Incidentally, this was the lowest price for the day. It managed to
move higher to touch an intra-day high of 28390 level. It ended
Open 28,210 56,228 5,287 the day with modest gains to close at 28329.
High 28,390 56,460 5,287
The RSI and the Stochastic are placed above their respective
Low 28,210 55,601 5,193
averages, which would lead to buying support. However, the
Close 28,329 55,902 5,238 Stochastic is placed in the over bought zone. This would lead to
profit taking at higher levels. The ADX line and the -DI line lie are
Prev. Close 28,197 56,205 5,290
moving sideways, while the +DI line has moved above the 30
% Change 0.47% -0.54% -0.98% level indicating buyers are gaining strength. MCX GOLD faces
Source – MCX resistance at 28960, 29212 and 29433, while the supports are
placed at 28084, 27557, 26517, 26347 and 25500 levels.
Volume (In 000's)
MCX SILVER (5 MAY 12) - Silver opened higher at 56228. It
9/4/2012 7/4/2012 % Chg. moved higher to touch an intra-day high of 56460. However, it
failed to sustain higher and witnessed profit taking and selling
Gold (gms) 23,596.0 2,758.0 755.55%
pressure. It moved lower to touch an intra-day low of 55601 level.
Silver (kgs) 1,484.7 67.8 2088.81% It ended the day with moderate losses to close at 55902.
Crude (bbl) 11,109.2 219.1 4970.38%
The RSI remains placed below its average, which would lead to
Source – MCX selling pressure. However, the Stochastic has moved above its
average, which would prompt buying support at lower levels. The
Turnover (In Lacs) ADX line and +DI line are moving sideways, while the –DI line has
moved above the 30 level indicating sellers are gaining strength.
9/4/2012 7/4/2012 % Chg.
MCX Silver faces resistance at 56157, 61708, 65159 and 66261
Gold 668,539.8 77,711.3 760.29% while the supports are placed at 55551, 51029 and 50252 levels.
Silver 832,449.6 38,111.3 2084.26%
MCX CRUDE (19 APRIL 12) - Crude opened lower at 5287 level.
Crude 580,641.1 11,583.4 4912.69% Incidentally, this was the highest price for the day. It moved lower
Source – MCX
to touch an intra day low of 5193. It ended the day with moderate
losses to close at 5238.
Global Market (Nymex - $)
The RSI is placed below its average, which would lead to selling
10/4/2012 9/4/2012 % Chg. pressure, especially at higher levels. However, the Stochastic is
placed above its average, which would lead to buying support at
Gold (oz) 1,653.50 1,642.50 0.67%
lower levels. The ADX line and +DI line are moving sideways,
Silver (oz) 31.89 31.52 1.15% while the –DI line has moved above the 30 level indicating sellers
are gaining strength. It faces resistance at 5305, 5498, 5550 and
Crude (bbl) 102.67 102.46 0.20%
5635 while the supports are placed at 5232, 5182 and 5150
Dollar Index 79.66 79.73 -0.09% levels.
Source – www.cmegroup.com
Intra-day Resistance Intra-day Support
Commodities Close Pivot Point R1 R2 R3 S1 S2 S3
CRUDE APR 12 5238 5239 5286 5333 5427 5192 5145 5051
GOLD JUN 12 28329 28310 28409 28490 28670 28229 28130 27950
SILVER MAY 12 55902 55988 56374 56847 57706 55515 55129 54270
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2. US Economic Calendar:
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Apr. 10 Apr. 11 Apr. 12 Apr. 13 Apr. 16
ICSC-Goldman Store Import and Export International Trade Consumer Price Index Retail Sales Data
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Wholesale Trade Data EIA Petroleum Status Jobless Claims Consumer Sentiment Housing Market Index
Report
NFIB Small Business Treasury Budget Producer Price Index Ben Bernanke Speech Business Inventories
Optimism Index
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