1. Daily Commodity Report
14th December 2011
MCX GOLD (FEB 12) - Gold opened lower at 28810. 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 28780. However, it
managed to bounce back and move higher on back of short
Open 28,810 56,198 5,206 covering and buying support to touch an intra-day high of 29027. It
High 29,027 57,400 5,380 ended the day with marginal gains to close at 28871.
Low 28,780 56,198 5,206 The RSI and Stochastic are placed below their respective averages,
Close 28,871 56,578 5,342
which would lead to selling pressure at regular intervals. However,
the Stochastic is placed in the over sold zone and would lead to
Prev. Close 28,847 56,143 5,203 intermediate bouts of short covering. The ADX, +DI and -DI line are
% Change 0.08% 0.77% 2.67% moving sideways, indicating a range bound trend. MCX GOLD
faces resistance at 28960, 29212, 29500, 29800 and 30000, while
Source – MCX the supports are placed at 28152, and 27954 levels.
Volume (In 000's) MCX SILVER (MAR 12) - Silver opened lower at 56198.
Incidentally, this was also the lowest price for the day. It managed to
13/12/2011 12/12/2011 % Chg.
bounce back and move higher on back of short covering and buying
Gold (gms) 44,968.0 51,267.0 -12.29% support to touch an intra-day high of 57400. It ended the day with
moderate gains to close at 56578.
Silver (kgs) 1,810.8 1,976.2 -8.37%
Crude (bbl) 21,452.1 22,003.9 -2.51% The RSI has managed to move above its average, which would lead
to buying support. However, the Stochastic is placed below its
Source – MCX
average, which would lead to selling pressure. But it is nearing the
over sold zone. The ADX, -DI and +DI line are moving sideways,
Turnover (In Lacs) indicating a range bound trend. MCX Silver faces resistance at
13/12/2011 12/12/2011 % Chg.
61708, 61884 and 64605 levels, while the supports are placed at
54754, 52725, 52365 and 51226 levels.
Gold 1,299,577.7 1,479,933.4 -12.19%
MCX CRUDE (DEC 11) - Crude opened higher at 5206 level.
Silver 1,026,089.4 1,111,358.6 -7.67% Incidentally, this was also the lowest price for the day. It managed to
Crude 1,133,458.2 1,142,610.9 -0.80% bounce back and move higher on back of short covering and buying
support to touch an intra-day high of 5380. It ended the day with
Source – MCX large gains to close at 5342.
Global Market (Nymex - $) The RSI has managed to move above its average, which would lead
to buying support. Moreover, the Stochastic is placed above its
14/12/2011 13/12/2011 % Chg.
average and would also lead to buying support and short covering.
Gold (oz) 1,636.50 1,659.90 -1.41% Both the RSI and Stochastic are nearing the over bought zone,
Silver (oz) 30.99 31.20 -0.66%
which would lead to intermediate bouts of profit booking. The ADX
and -DI line are moving sideways, but +DI line is placed at 38.49,
Crude (bbl) 99.90 100.14 -0.24% indicating buyers have an upper hand. It faces resistance at 5350,
Dollar Index 80.27 80.24 0.04% 5375 and 5400 levels, while the supports are placed at 5274, 5250,
5200 and 5174 levels.
Source – www.cmegroup.com
Intra-day Resistance Intra-day Support
Commodities Close Pivot Point R1 R2 R3 S1 S2 S3
CRUDE DEC 11 5342 5309 5413 5483 5657 5239 5135 4961
GOLD FEB 11 28871 28893 29005 29140 29387 28758 28646 28399
SILVER MAR 11 56578 56725 57253 57927 59129 56051 55523 54321
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2. US Economic Calendar:
Wednesday Thursday Friday Monday Tuesday
Dec. 14 Dec. 15 Dec. 16 Dec. 19 Dec. 20
EIA Petroleum Status
Jobless Claims Data Consumer Price Index Housing Market Index Housing Starts
Report
Import and Export 4-Week Bill ICSC-Goldman Store
Producer Price Index
Prices Announcement Sales
Bank Reserve
Industrial Production 2-Yr Note Auction 5-Yr Note Auction
Settlement
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