Daily Commodity Report
10th October 2012
MCX GOLD (5 DECEMBER 12) –
Gold Silver Crude
(5 Dec-12) (5 Dec-12) (19 Oct-12) Gold opened higher at 31362 and moved further higher to touch an
Open 31,362 61,560 4,705 intra-day high of 31428. However, it failed to sustain higher and
moved lower to touch an intra-day low of 31267. It managed to
High 31,428 61,781 4,903
come off the lows for the day and ended the day on a flat note to
Low 31,267 61,120 4,705 close at 31321.
Close 31,321 61,675 4,890 The RSI and the Stochastic are placed above their respective
Prev. Close 31,331 61,474 4,700 averages, which would lead to buying support. The ADX line, +DI
line and -DI line are moving sideways, indicating a range bound
% Change -0.03% 0.33% 4.04%
trend. MCX Gold faces resistance at 31348, 31467, 31937, 32100,
Source – MCX 32393 and 32421 while the support levels are placed at 30837,
30428, 30340, 30179, 29668 and 28859.
Volume (In 000's) Positional Call – Buy MCX GOLD (5 DECEMBER 12) above
31350, Stop Loss 31000 Target of 32100
09/10/2012 08/10/2012 % Chg.
Gold (gms) 35,411.0 29,499.0 20.04% MCX SILVER (5 DECEMBER 12) –
Silver (kgs) 1,877.8 1,398.6 34.26%
Silver opened higher at 61560. It failed to sustain higher and
Crude (bbl) 33,072.6 23,568.4 40.33% moved lower to touch an intra-day low of 61120. However, it
managed to bounce back from lower levels to move higher. It
Source – MCX
moved higher to touch an intra-day high of 61781. It ended the day
with modest gains to close at 61675.
Turnover (In Lacs)
09/10/2012 08/10/2012 % Chg.
The RSI is placed below its average, which would lead to selling
pressure. However, the Stochastic has moved above its average
Gold 1,110,112.8 920,991.1 20.53% and is still placed in the over sold zone, which would lead to short
covering and buying support at lower levels. The ADX line, +DI line
Silver 1,155,294.2 858,361.7 34.59%
and -DI line are moving sideways, indicating a range bound trend.
Crude 1,586,841.5 1,102,209.3 43.97% MCX Silver faces resistance at 61912, 62273, 64600, 65723 and
66000 while the supports are placed at 61398, 60750 and 59512
Source – MCX
levels.
Global Market (Nymex - $) MCX CRUDE (19 OCTOBER 12) –
10/10/2012 09/10/2012 % Chg.
Crude opened higher at 4705. Incidentally, this was the lowest
Gold (oz) 1,765.80 1,765.00 0.05% price recorded for the day. It moved higher to touch an intra-day
high of 4903. It ended the day with large gains to close at 4890.
Silver (oz) 33.89 33.99 -0.28%
WTI Crude 91.90 92.39 -0.53% The RSI and the Stochastic are placed above their respective
averages, which would lead to buying support. The ADX line and –
Brent Crude 114.04 114.50 -0.40%
DI line are moving lower, indicating sellers are covering their
Dollar Index 80.07 79.99 0.10% shorts. It faces resistance at 4892, 4950 and 5050 while the
Source – www.cmegroup.com supports are placed at 4760, 4692, 4603, 4578 and 4467
Positional Call – Buy MCX CRUDE (19 OCTOBER 12) above
4900, Stop Loss 4824 Target of 5060
NOTE – Stop Losses should be considered strictly on Closing
Basis
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www.keynotecapitals.com

Commodity News:
Gold capped as euro slides on Greek, Spanish worries
Gold prices trimmed their losses on Tuesday, but stayed under pressure as concerns over the euro zone's peripheral
economies sent the euro to session lows versus the dollar. The dollar/gold correlation - where a stronger dollar would
tend to pressure bullion - did not have its usual downward effect as investors seeking Gold as a safe haven from euro
zone turmoil counteracted the impact of a fall in the euro.
Oil rises towards $113 on Syria-Turkey tensions
Oil rose towards $113 a barrel on Tuesday after two days of losses, with tensions in the Middle East and the risk of
supply disruptions outweighing concerns about sluggish global demand. Turkish President Abdullah Gul said on
Monday the "worst-case scenarios" between his country and Syria were now playing out, fuelling concerns that the 18-
month-old conflict in Syria may spread to other countries in the region.
Cardamom auctions disrupted, export hit
A prolonged disruption of cardamom auctions has hit exports. Auctions have come to a standstill for the last two weeks
due to a standoff between traders and the Spices Board over the minimum bidding price. Traders have opposed the
decision to raise the minimum bidding price from 50 paise to Rs 5. The conciliatory meetings held through the initiative
of political leaders have failed to break the deadlock. Traders appear to be agreeable for a bidding rate of Re 1 but not
more as they fear a decline in participation.
Economic Calendar:
Countries / Thursday Friday
Wednesday
Regions 10/Oct 11/Oct 12/Oct
India IIP data
Monthly Budget Statement Producer Price Index (YoY)
US Wholesale Inventories (Aug)
(Sep) (Sep)
Producer Price Index ex
10-Year Note Auction 30-Year Bond Auction
Food & Energy (MoM) (Sep)
JPY Bank lending (YoY) Spain Consumer Price Index UK CB Leading Economic
Global
(Sep) (YoY) (Sep) Index (Sep)
Germany Wholesale Price Euro Industrial Production
ECB Monthly Report (Oct)
Index (MoM) (Sep) w.d.a. (YoY) (Aug)
Greece Unemployment Rate
(MoM) (Jul)
Keynote Capitals Ltd.
The Ruby, 9th Floor, Senapati Bapat Marg, Dadar (W), Mumbai – 400 028. Tel: 3026 6000. Fax: 3026 6088.
www.keynotecapitals.com

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