1.
Daily Commodity Report
12th April 2012
MCX GOLD (5 JUNE 12) - Gold opened lower at 28601. It moved
Gold Silver Crude
(5 Jun-12) (5 May-12) (19 Apr-12) lower to touch an intra day low of 28541 but managed to bounce
back from lower levels. It moved higher to touch an intra-day high
Open 28,601 56,110 5,237 of 28692 level. It ended the day with marginal losses to close at
High 28,692 56,425 5,318 28602.
Low 28,541 55,851 5,218
The RSI is placed above its average, which would lead to buying
Close 28,602 56,017 5,312 support. However, the Stochastic has slipped below its average
Prev. Close 28,633 56,267 5,231 and is also placed in the over bought zone. This would lead to
profit taking and selling pressure. The ADX line and the -DI line
% Change -0.11% -0.44% 1.55%
are moving sideways, while the +DI line is placed at 34.45 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 and 26347 levels.
11/4/2012 10/4/2012 % Chg.
MCX SILVER (5 MAY 12) - Silver opened lower at 56110. It
Gold (gms) 25,322.0 37,096.0 -31.74% moved higher to touch an intra day high of 56425 but failed to
sustain higher on back of selling pressure. It moved lower to touch
Silver (kgs) 1,690.8 1,913.6 -11.64%
an intra-day low of 55851 level. It ended the day with modest
Crude (bbl) 15,856.7 18,001.9 -11.92% losses to close at 56017.
Source – MCX
The Stochastic is placed above its average, which would lead to
Turnover (In Lacs) buying support. However, the RSI has slipped below its average
and would lead to selling pressure. The ADX line, +DI line and –DI
11/4/2012 10/4/2012 % Chg. line are moving sideways, indicating a range bound trend. MCX
Gold 724,415.9 1,055,537.1 -31.37%
Silver faces resistance at 56157, 57480, 61708 and 65159 while
the supports are placed at 55551, 51029 and 50252 levels.
Silver 948,771.6 1,073,004.3 -11.58%
Crude 834,050.7 945,931.7 -11.83% MCX CRUDE (19 APRIL 12) - Crude opened higher at 5237 level.
It moved lower to touch an intra-day high of 5218. However, it
Source – MCX
managed to bounce back from lower levels. It moved higher to
touch an intra day high of 5318. It ended the day with moderate
Global Market (Nymex - $) gains to close at 5312.
12/4/2012 11/4/2012 % Chg.
The RSI and the Stochastic have moved above their respective
Gold (oz) 1,658.70 1,659.00 -0.02%
averages, which would lead to buying support. The ADX line, –DI
Silver (oz) 31.58 31.52 0.17% line and +DI line are moving sideways, indicating a range bound
trend. It faces resistance at 5335, 5498 and 5550 while the
Crude (bbl) 102.61 102.70 -0.09%
supports are placed at 5305, 5232, 5182 and 5150 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 5312 5283 5347 5383 5483 5247 5183 5083
GOLD JUN 12 28602 28612 28682 28763 28914 28531 28461 28310
SILVER MAY 12 56017 56098 56344 56672 57246 55770 55524 54950
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2.
US Economic Calendar:
Thursday Friday Monday Tuesday Wednesday
Apr. 12 Apr. 13 Apr. 16 Apr. 17 Apr. 18
International Trade Consumer Price Index Retail Sales Data Industrial Production EIA Petroleum Status
Report
Jobless Claims Consumer Sentiment Housing Market Index Housing Starts MBA Purchase
Applications
Producer Price Index Ben Bernanke Business Inventories ICSC-Goldman Store Bank Reserve
Speech Sales Settlement
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3.
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