The document summarizes the daily commodity report from MCX for December 12, 2011. It provides closing prices and intraday highs and lows for gold, silver, and crude. Gold and silver closed slightly lower while crude closed higher. Technical indicators show most commodities in a range-bound trend. Key support and resistance levels are given.

1. Daily Commodity Report
12th December 2011
MCX GOLD (FEB 12) - Gold opened lower at 29106. It moved
Gold Silver Crude
(4 Feb-11) (5 Mar-11) (19 Dec-11)
lower during the day to touch an intra-day low of 29021. However,
Gold managed to bounce back to move higher on back of buying
Open 29,106 57,037 5,150 support and touched an intra-day high of 29219. It ended the day
High 29,121 57,050 5,199 with modest losses to close at 29106.
Low 29,090 56,902 5,150
The RSI and Stochastic are placed below their respective averages,
Close 29,106 56,933 5,186 which would lead to selling pressure at regular intervals. The ADX,
Prev. Close 29,153 56,952 5,139
+DI and -DI line are moving sideways, indicating a range bound
trend. MCX GOLD faces resistance at 29212, 29500, 29800 and
% Change -0.16% -0.03% 0.91% 30000, while the supports are placed at 28960, 28152, and 27954
Source – MCX levels.
Volume (In 000's) MCX SILVER (MAR 12) - Silver opened higher at 57037. It moved
lower during the day to touch an intra-day low of 56902. However,
10/12/2011 9/12/2011 % Chg. Silver managed to bounce back to move higher on back of buying
Gold (gms) 1,610.0 38,198.0 -95.79% support and touched an intra-day high of 57050. It ended the day
flat to close at 56933.
Silver (kgs) 38.0 1,929.6 -98.03%
Crude (bbl) 1,222.3 20,743.9 -94.11% The RSI is placed above its average, which would lead to buying
Source – MCX support at regular intervals. However, Stochastic is placed below its
average, which would lead to intermediate bouts of profit taking and
selling pressure. The ADX, -DI and +DI line are moving sideways,
Turnover (In Lacs)
indicating a range bound trend. MCX Silver faces resistance at
10/12/2011 9/12/2011 % Chg. 61708, 61884 and 64605 levels, while the supports are placed at
54754, 52725, 52365 and 51226 levels.
Gold 46,862.1 1,112,794.7 -95.79%
Silver 21,611.5 1,093,280.4 -98.02% MCX CRUDE (DEC 11) - Crude opened higher at 5150 level.
Incidentally, this was the lowest price of the day. It managed to
Crude 63,385.1 1,064,516.4 -94.05%
bounce back to move higher on back of buying support and touched
Source – MCX an intra-day high of 5199. It ended the day with moderate gains to
close at 5186.
Global Market (Nymex - $)
The RSI and the Stochastic are placed below their respective
12/12/2011 10/12/2011 % Chg.
averages, which would lead to selling pressure. However, the
Gold (oz) 1,708.20 1,712.80 -0.27% Stochastic is nearing the oversold zone. The ADX and -DI line are
moving sideways, but +DI line is placed at 30.32. It faces
Silver (oz) 31.70 32.17 -1.46%
resistance at 5200, 5250 and 5274 levels, while the supports are
Crude (bbl) 99.36 99.41 -0.05% placed at 5174, 5000, 4889, and 4618 levels.
Dollar Index 78.93 78.83 0.13%
Source – www.cmegroup.com
Intra-day Resistance Intra-day Support
Commodities Close Pivot Point R1 R2 R3 S1 S2 S3
CRUDE DEC 11 5186 5178 5207 5227 5276 5158 5129 5080
GOLD FEB 11 29106 29106 29121 29137 29168 29090 29075 29044
SILVER MAR 11 56933 56962 57021 57110 57258 56873 56814 56666
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2. US Economic Calendar:
Friday Monday Tuesday Wednesday Thursday
Dec. 09 Dec. 12 Dec. 13 Dec. 14 Dec. 15
FOMC Meeting EIA Petroleum Status
International Trade Treasury Budget Jobless Claims Data
Announcement Report
Import and Export
Consumer Sentiment 3-Yr Note Auction Retail Sales Data Producer Price Index
Prices
Bank Reserve
Business Inventories Industrial Production
Settlement
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