1. Daily Commodity Report
15th December 2011
MCX GOLD (FEB 12) - Gold opened lower at 28810. Incidentally,
Gold Silver Crude
(4 Feb-11) (5 Mar-11) (19 Dec-11)
this was also the highest price for the day. It moved lower during the
day to touch an intra-day low of 28858 on back of sustained selling
Open 28,810 56,400 5,353 pressure. It ended the day with heavy losses to close at 28183.
High 28,810 56,480 5,368 The RSI and Stochastic are placed below their respective averages,
Low 27,858 53,455 5,186 which would lead to further selling pressure. However, the
Stochastic is placed in the over sold zone and would lead to
Close 28,183 54,332 5,209
intermediate bouts of short covering. The ADX and +DI are moving
Prev. Close 28,871 56,578 5,342 sideways, while -DI line has witnessed a breakout and is placed at
34.35, indicating sellers have an upper hand. MCX GOLD faces
% Change -2.38% -3.97% -2.49%
resistance at 28960, 29212, 29500, 29800 and 30000, while the
Source – MCX supports are placed at 28152, 27954 and 25500 levels.
Volume (In 000's) MCX SILVER (MAR 12) - Silver opened lower at 56400. It moved
higher to touch an intra-day high of 56480. However, it failed to
14/12/2011 13/12/2011 % Chg. sustain higher on back of sustained selling pressure. It touched an
intra-day low of 53455. It ended the day with heavy losses to close
Gold (gms) 79,527.0 44,968.0 76.85%
at 54332.
Silver (kgs) 3,558.1 1,810.8 96.49%
The RSI has again slipped below its average, which would lead to
Crude (bbl) 24,395.9 21,452.1 13.72% further selling pressure. Moreover, the Stochastic is placed below its
Source – MCX average, which would also lead to selling pressure. But it is placed
the over sold zone and intermediate bouts of short covering would
Turnover (In Lacs) be witnessed. The ADX and +DI are moving sideways, while -DI line
has witnessed a breakout and is placed at 34.02, indicating sellers
14/12/2011 13/12/2011 % Chg. have an upper hand. MCX Silver faces resistance at 54754, 61708,
61884 and 64605 levels, while the supports are placed at 52725,
Gold 2,262,746.9 1,299,577.7 74.11%
52365, 51226 and 50223 levels.
Silver 1,956,399.5 1,026,089.4 90.67%
MCX CRUDE (DEC 11) - Crude opened higher at 5353 level. It
Crude 1,288,277.0 1,133,458.2 13.66% moved higher to touch an intra-day high of 5368. However, it failed
Source – MCX
to sustain higher and touched intra-day low of 5186 on sustained
selling pressure. It ended the day with large losses to close at 5209.
Global Market (Nymex - $) The RSI has slipped below its average, which would lead to selling
pressure. However, the Stochastic is placed above its average and
15/12/2011 14/12/2011 % Chg.
would also lead to buying support at lower levels. But Stochastic is
Gold (oz) 1,571.80 1,584.30 -0.79% placed near the over bought zone, which would lead to intermediate
Silver (oz) 29.13 28.89 0.83%
bouts of profit booking. The ADX and -DI line are moving sideways,
but +DI line is placed at 33.54 but has come off from its peak levels,
Crude (bbl) 95.23 94.95 0.29% indicating buyers are unwinding their positions. It faces resistance
Dollar Index 80.50 80.53 -0.04% at 5250, 5274 and 5350levels, 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 DEC 11 5209 5254 5323 5436 5618 5141 5072 4890
GOLD FEB 11 28183 28284 28709 29236 30188 27757 27332 26380
SILVER MAR 11 54332 54756 56056 57781 60806 53031 51731 48706
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