1. Daily Commodity Report
13th January 2012
MCX GOLD (FEB 12) - Gold opened higher at 27689. It moved
Gold Silver Crude
(4 Feb-12) (5 Mar-12) (19 Jan-12)
higher to touch an intra-day high of 27816. However, it failed to
sustain and moved lower on back of selling pressure and touched
Open 27,689 52,710 5,274 an intra-day low of 27632. It ended the day flat to close at 27665.
High 27,816 53,400 5,308
The RSI is placed above its average, which would result in buying
Low 27,632 52,603 5,241 support. Moreover, the Stochastic has also moved above its
Close 27,665 52,770 5,260 average and is placed in the over sold zone, which would lead to
intermediate bouts of short covering and buying support . The ADX
Prev. Close 27,657 52,607 5,285
line, -DI line and +DI line are moving sideways indicating sellers
% Change 0.03% 0.31% -0.47% have an upper hand. MCX GOLD faces resistance at 27954, 28152,
28960 and 29212, while the supports are placed at 26347, 25500
Source – MCX
and 24992 levels.
Volume (In 000's)
MCX SILVER (MAR 12) - Silver opened higher at 52710. It moved
12/1/2012 11/1/2012 % Chg. higher to touch an intra-day high of 53400. However, it failed to
sustain and moved lower on back of selling pressure and touched
Gold (gms) 35,570.0 37,308.0 -4.66% an intra-day low of 52603. It ended the day with modest gains to
Silver (kgs) 2,026.5 1,819.3 11.39% close at 52770.
Crude (bbl) 17,180.8 18,245.0 -5.83%
The RSI and the Stochastic are placed above their respective
Source – MCX 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,
56480 levels, while the supports are placed at 50410, 49809, 48477
12/1/2012 11/1/2012 % Chg. and 45824 levels.
Gold 986,721.4 1,031,604.0 -4.35%
MCX CRUDE (JAN 12) - Crude opened lower at 5274 it moved
Silver 1,074,980.2 957,987.2 12.21% lower on back of selling pressure an touched an intra-day low of
Crude 905,298.5 962,381.6 -5.93%
5241. However, it managed to move higher on back of short
covering and buying support to touch an intra-day high of 5308.
Source – MCX However, it failed to sustain higher and moved lower to close the
day at 5260 recording modest losses.
Global Market (Nymex - $)
The RSI is placed below its average, which would result in
13/1/2012 12/1/2012 % Chg.
intermediate bouts of selling pressure. However, the Stochastic has
Gold (oz) 1,640.60 1,647.70 -0.43% moved above its average and is placed in the over sold territory,
which would lead to intermediate bouts of short covering and buying
Silver (oz) 29.96 30.10 -0.47%
support. The ADX line, +DI line and -DI line are moving sideways,
Crude (bbl) 99.57 99.10 0.47% indicating a range bound trend. It faces resistance at 5380, 5464,
Dollar Index 80.84 80.83 0.00% 5475 and 5500 levels, while the supports are placed at 5200, 5174
and 5115 levels.
Source – www.cmegroup.com
Intra-day Resistance Intra-day Support
Commodities Close Pivot Point R1 R2 R3 S1 S2 S3
CRUDE JAN 12 5260 5270 5298 5337 5404 5231 5203 5136
GOLD FEB 12 27665 27704 27777 27888 28072 27593 27520 27336
SILVER MAR 12 52770 52924 53246 53721 54518 52449 52127 51330
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2. US Economic Calendar:
Friday Tuesday Wednesday Thursday Friday
Jan. 13 Jan. 17 Jan. 18 Jan. 19 Jan. 20
International Trade Empire State Mfg Producer Price Index Consumer Price Index Existing Home Sales
Survey
Consumer Sentiment 10-Yr Note Settlement Industrial Production Housing Starts
Import and Export 6-Month Bill Auction Housing Market Index Jobless Claims
Prices
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