1.
Daily Commodity Report
11th April 2012
MCX GOLD (5 JUNE 12) - Gold opened higher at 28360. It
Gold Silver Crude
(5 Jun-12) (5 May-12) (19 Apr-12) moved lower to touch an intra day low of 28320 but managed to
bounce back from lower levels. It moved higher to touch an intra-
Open 28,360 56,040 5,238 day high of 28678 level. It ended the day with moderate gains to
High 28,678 56,400 5,303 close at 28633.
Low 28,320 55,701 5,222
The RSI and the Stochastic are placed above their respective
Close 28,633 56,267 5,231 averages, which would lead to buying support. However, the
Prev. 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
% Change 1.07% 0.65% -0.13% moving sideways, while the +DI line is placed at 35.62 level
Source – MCX indicating buyers are gaining strength. MCX GOLD faces
resistance at 28960, 29212 and 29433, while the supports are
Volume (In 000's) placed at 28084, 27557, 26517, 26347 and 25500 levels.
10/4/2012 9/4/2012 % Chg.
MCX SILVER (5 MAY 12) - Silver opened higher at 56040. It
Gold (gms) 37,096.0 23,596.0 57.21% moved lower to touch an intra day low of 55701 but managed to
bounce back from lower levels. It moved higher to touch an intra-
Silver (kgs) 1,913.6 1,484.7 28.89%
day high of 56400 level. It ended the day with moderate gains to
Crude (bbl) 18,001.9 11,109.2 62.04% close at 56267.
Source – MCX
The RSI and the Stochastic are placed above their respective
Turnover (In Lacs)
average, which would lead to buying support. The ADX line, +DI
line and –DI line are moving sideways, indicating a range bound
10/4/2012 9/4/2012 % Chg. trend. MCX Silver faces resistance at 57480, 61708, 65159 and
66261 while the supports are placed at 56157, 55551, 51029 and
Gold 1,055,537.1 668,539.8 57.89% 50252 levels.
Silver 1,073,004.3 832,449.6 28.90%
MCX CRUDE (19 APRIL 12) - Crude opened unchanged at 5238
Crude 945,931.7 580,641.1 62.91%
level. It moved higher to touch an intra-day high of 5303. however,
Source – MCX it failed to sustain higher due to selling pressure and profit taking.
It moved lower to touch an intra day low of 5222. It ended the day
Global Market (Nymex - $) with marginal losses to close at 5231.
11/4/2012 10/4/2012 % Chg.
The RSI and the Stochastic are placed below their respective
Gold (oz) 1,655.50 1,659.50 -0.24% averages, which would lead to selling pressure. The ADX line, –DI
line and +DI line are moving sideways, indicating a range bound
Silver (oz) 31.54 31.68 -0.44%
trend. It faces resistance at 5232, 5305, 5498 and 5550 while the
Crude (bbl) 101.28 101.02 0.26% supports are placed at 5182, 5150 and 5095 levels.
Dollar Index 79.82 79.86 -0.06%
Source – www.cmegroup.com
Intra-day Resistance Intra-day Support
Commodities Close Pivot Point
R1 R2 R3 S1 S2 S3
CRUDE APR 12 5231 5252 5282 5333 5414 5201 5171 5090
GOLD JUN 12 28633 28544 28767 28902 29260 28409 28186 27828
SILVER MAY 12 56267 56123 56544 56822 57521 55845 55424 54725
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2.
US Economic Calendar:
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Apr. 11 Apr. 12 Apr. 13 Apr. 16 Apr. 17
Import and Export International Trade Consumer Price Index Retail Sales Data Industrial Production
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EIA Petroleum Status Jobless Claims Consumer Sentiment Housing Market Index Housing Starts
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Treasury Budget Producer Price Index Ben Bernanke Business Inventories ICSC-Goldman Store
Speech Sales
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3.
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