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Keynote commodity daily report 141211

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Keynote commodity daily report 141211

  1. 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 Keynote Capitals Ltd. th 4 Floor, Balmer Lawrie Bldg., 5, J. N. Heredia Marg, Ballard Estate, Fort, Mumbai, India – 400001. Tel: 3026 6000 / 2269 4322 www.keynotecapitals.com
  2. 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 Keynote Capitals Ltd. th 4 Floor, Balmer Lawrie Bldg., 5, J. N. Heredia Marg, Ballard Estate, Fort, Mumbai, India – 400001. Tel: 3026 6000 / 2269 4322 www.keynotecapitals.com
  3. 3. Disclaimer This document is not for public distribution and has been furnished to you solely for your information and must not be reproduced or redistributed to any other person. Persons into whose possession this document may come are required to observe these restrictions. This material is for the personal information of the authorized recipient, and we are not soliciting any action based upon it. This report is not to be construed as an offer to sell or the solicitation of an offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. It is for the general information of clients of Keynote Capitals Ltd. It does not constitute a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual clients. We have reviewed the report, and in so far as it includes current or historical information, it is believed to be reliable though its accuracy or completeness cannot be guaranteed. Neither Keynote Capitals Ltd., nor any person connected with it, accepts any liability arising from the use of this document. The recipients of this material should rely on their own investigations and take their own professional advice. Price and value of the investments referred to in this material may go up or down. Past performance is not a guide for future performance. Certain transactions -including those involving futures, options and other derivatives as well as non-investment grade securities - involve substantial risk and are not suitable for all investors. Reports based on technical analysis centers on studying charts of a stock’s price movement and trading volume, as opposed to focusing on a company’s fundamentals and as such, may not match with a report on a company’s fundamentals. Opinions expressed are our current opinions as of the date appearing on this material only. While we endeavor to update on a reasonable basis the information discussed in this material, there may be regulatory, compliance, or other reasons that prevent us from doing so. Prospective investors and others are cautioned that any forward-looking statements are not predictions and may be subject to change without notice. Our proprietary trading and investment businesses may make investment decisions that are inconsistent with the recommendations expressed herein. We and our affiliates, officers, directors, and employees world wide may: (a) from time to time, have long or short positions in, and buy or sell the securities thereof, of company (ies) mentioned herein or (b) be engaged in any other transaction involving such securities and earn brokerage or other compensation or act as a market maker in the financial instruments of the company (ies) discussed herein or act as advisor or lender / borrower to such company (ies) or have other potential conflict of interest with respect to any recommendation and related information and opinions. The analyst for this report certifies that all of the views expressed in this report accurately reflect his or her personal views about the subject company or companies and its or their securities, and no part of his or her compensation was, is or will be, directly or indirectly related to specific recommendations or views expressed in this report. No part of this material may be duplicated in any form and/or redistributed without Keynote Capitals Ltd’s., prior written consent. Keynote Capitals Ltd. th 4 Floor, Balmer Lawrie Bldg., 5, J. N. Heredia Marg, Ballard Estate, Fort, Mumbai, India – 400001. Tel: 3026 6000 / 2269 4322 www.keynotecapitals.com

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