1.
Daily Commodity Report
10th May 2012
MCX GOLD (5 JUNE 12) - Gold opened lower at 28606. It moved
Gold Silver Crude
(5 Jun-12) (5 Jul-12) (21 May-12) lower to touch an intra-day low of 28453. However, it managed to
bounce back and move higher. It touched an intra-day high of
Open 28,606 55,036 5,175 28728. It ended the day with marginal gains to close at 28678.
High 28,728 55,290 5,224
The RSI and the Stochastic are placed below their respective
Low 28,453 54,272 5,155 averages. These conditions would lead to selling pressure.
Close 28,678 55,159 5,213 However, the Stochastic is placed in the over sold zone, which
would lead to short covering at regular intervals. The ADX line and
Prev. Close 28,651 55,135 5,175 the +DI line are moving sideways but the -DI line has moved above
% Change 0.09% 0.04% 0.73% the 30 level and is currently placed at 34.11 indicating sellers are
gaining strength. MCX GOLD faces resistance at 28960, 29212
Source – MCX
and 29433, while the supports are placed at 28084, 27557 and
26517 levels.
Volume (In 000's)
9/5/2012 8/5/2012 % Chg.
MCX SILVER (5 JULY 12) - Silver opened lower at 55036. It
moved lower to touch an intra-day low of 54272. However, it
Gold (gms) 45,200.0 50,070.0 -9.73% managed to bounce back and move higher. It touched an intra-day
Silver (kgs) 2,231.4 2,148.0 3.88%
high of 55290. It ended the day with marginal gains to close at
55159.
Crude (bbl) 22,943.6 19,811.5 15.81%
Source – MCX
The RSI and the Stochastic are placed below their their respective
averages. These conditions would lead to selling pressure. The
ADX line, –DI and +DI line are moving sideways, indicating a range
Turnover (In Lacs)
bound trend. MCX Silver faces resistance at 55551, 56157, 57737,
9/5/2012 8/5/2012 % Chg. 61708 and 65159 while the supports are placed at 51029, 50252
and 48562 levels.
Gold 1,290,836.3 1,439,149.4 -10.31%
MCX CRUDE (21 May 12) - Crude opened unchanged at 5175
Silver 1,220,099.9 1,184,521.6 3.00%
level. It moved lower to touch an intra-day low of 54272. However,
Crude 1,190,893.2 1,023,333.0 16.37% it managed to bounce back and move higher. It touched an intra-
Source – MCX
day high of 55290. It ended the day with moderate gains to close at
5213.
Global Market (Nymex - $) The RSI is placed below its average, which would lead to selling
10/5/2012 9/5/2012 % Chg. pressure. However, the Stochastic is placed above its average and
is still placed in the over sold zone, while the RSI is on verge of
Gold (oz) 1,592.90 1,594.20 -0.08% moving in the over sold territory. These conditions would lead to
Silver (oz) 29.14 29.20 -0.21% short covering and buying at lower levels. The ADX line and +DI
line are moving sideways. The -DI line is placed at 38.85 level and
Crude (bbl) 96.69 96.81 -0.12%
has come off the highs indicating sellers have started covering their
Dollar Index 80.10 80.08 0.02% shorts at higher levels. It faces resistance at 5264, 5392 and 5600,
Source – www.cmegroup.com while the supports are placed at 5160, 5057 and 4905 levels.
Intra-day Resistance Intra-day Support
Commodities Close Pivot Point R1 R2 R3 S1 S2 S3
CRUDE MAY 12 5213 5197 5240 5266 5335 5171 5128 5059
GOLD JUN 12 28678 28620 28786 28895 29170 28511 28345 28070
SILVER JUL 12 55159 54907 55542 55925 56943 54524 53889 52871
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2.
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3.
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