Daily Commodity Report
11th January 2012
MCX GOLD (FEB 12) - Gold opened lower at 27538. It moved
Gold Silver Crude
(4 Feb-12) (5 Mar-12) (19 Jan-12)
lower to touch an intra-day low of 27476. However, it managed to
pull back in the evening session. It moved higher to touch an intra-
Open 27,538 51,755 5,305 day high of 27639. It ended the day with marginal losses to close at
High 27,639 53,019 5,369 27537.
Low 27,476 51,755 5,305
The RSI and the Stochastic are placed below their respective
Close 27,537 52,566 5,318 averages, which would also lead to intermediate bouts of selling
Prev. Close 27,578 51,749 5,295
pressure. The ADX line and +DI line are moving sideways, while the
-DI line is placed at 32.15 level indicating sellers are gaining an
% Change -0.15% 1.58% 0.43% upper hand. 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 51755.
10/1/2012 9/1/2012 % Chg. Incidentally, this was the lowest price for the day. It managed to
Gold (gms) 49,303.0 39,524.0 24.74% move higher on back of buying support and touched an intra-day
high of 53019. It ended the day with moderate gains to close at
Silver (kgs) 2,339.8 2,087.1 12.11% 52566.
Crude (bbl) 16,836.7 21,036.7 -19.97%
Source – MCX The RSI and the Stochastic have moved above their respective
averages, which would lead to intermediate bouts of buying support.
The ADX line, -DI line and +DI line are moving sideways, indicating
Turnover (In Lacs)
a range bound trend. MCX Silver faces resistance at 53200, 54184,
10/1/2012 9/1/2012 % Chg. 56480 levels, while the supports are placed at 50410, 49809, 48477
and 45824 levels.
Gold 1,358,335.6 1,092,916.2 24.29%
Silver 1,227,811.1 1,080,576.5 13.63% MCX CRUDE (JAN 12) - Crude opened higher at 5305 level.
Incidentally, this was the lowest price for the day. It managed to
Crude 898,722.0 1,119,589.3 -19.73%
move higher on back of buying support and touched an intra-day
Source – MCX high of 5369. It ended the day with modest gains to close the day at
5318.
Global Market (Nymex - $)
The RSI and the Stochastic are placed below their respective
11/1/2012 10/1/2012 % Chg.
averages, which would result in intermediate bouts of selling
Gold (oz) 1,635.00 1,631.50 0.21% pressure. The ADX line, +DI line and -DI line are moving sideways,
indicating a range bound trend. It faces resistance at 5380, 5464,
Silver (oz) 29.93 29.82 0.37%
5475 and 5500 levels, while the supports are placed at 5200, 5174
Crude (bbl) 101.68 102.12 -0.43% and 5115 levels.
Dollar Index 81.03 80.90 0.16%
Source – www.cmegroup.com
Intra-day Resistance Intra-day Support
Commodities Close Pivot Point R1 R2 R3 S1 S2 S3
CRUDE JAN 12 5318 5331 5356 5395 5459 5292 5267 5203
GOLD FEB 12 27537 27551 27625 27714 27877 27462 27388 27225
SILVER MAR 12 52566 52447 53138 53711 54975 51874 51183 49919
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