1. Daily Commodity Report
17th February 2012
MCX GOLD (APRIL 12) - Gold opened lower at 28138. It moved
Gold Silver Crude
(5 Apr-12) (5 Mar-12) (20 Feb-12)
lower to touch an intra-day low of 28030. However, it managed to
move higher and touched an intra-day high of 28209. It ended the
Open 28,138 56,240 5,016 day with marginal losses to close at 28127.
High 28,209 56,396 5,076
The RSI is placed below its average, which would lead to selling
Low 28,030 55,551 5,011 pressure. However, the Stochastic has moved above its average
Close 28,127 56,216 5,061 and would lead to buying support at lower levels. The ADX line, -DI
line and +DI line are moving sideways, indicating a range bound
Prev. Close 28,170 56,303 5,016
trend. MCX GOLD faces resistance at 28960, 29212 and 29433,
% Change -0.15% -0.15% 0.90% while the supports are placed at 27557, 26347 and 25500 levels.
Source – MCX
MCX SILVER (MAR 12) - Silver opened lower at 56240. It moved
lower to touch an intra-day low of 55551. However, it managed a
Volume (In 000's)
bounce back from lower levels. It touched an intra-day high of
16/2/2012 15/2/2012 % Chg. 56396. It ended the day with marginal losses to close at 56216.
Gold (gms) 35,098.0 35,628.0 -1.49% The RSI is placed below its average, which would lead to selling
Silver (kgs) 2,220.9 1,646.5 34.89% pressure. However, the Stochastic has moved above its average
and would lead to buying support at lower levels. The ADX line, +DI
Crude (bbl) 11,505.1 15,357.9 -25.09%
line and -DI line are moving sideways, indicating range bound trend.
Source – MCX MCX Silver faces resistance at 57400, 57834, 58480 and 61708,
while the supports are placed at 54671, 53170 and 51366 levels.
Turnover (In Lacs)
MCX CRUDE (FEB 12) - Crude opened unchanged at 5016 level. It
16/2/2012 15/2/2012 % Chg. moved lower to touch an intra-day low of 5011. However, it
Gold 987,154.6 1,003,828.3 -1.66%
managed to move higher and it touched an intra-day high of 5076. It
ended the day with moderate gains to close at 5061.
Silver 1,244,053.3 932,723.0 33.38%
Crude 579,986.5 770,785.0 -24.75% The RSI and Stochastic are placed above their respective averages,
which would lead to regular bouts of buying support. However, the
Source – MCX
Stochastic is placed in the over bought zone, which would lead to
regular bouts of profit taking. The ADX line, +DI line and –DI line are
Global Market (Nymex - $)
moving sideways, indicating range bound trend. It faces resistance
17/2/2012 16/2/2012 % Chg. at, 5065 and 5115, while the supports are placed at 5003, 4950,
4903, 4877, 4670 and 4493 levels.
Gold (oz) 1,732.30 1,726.80 0.32%
Silver (oz) 33.57 33.37 0.58%
Crude (bbl) 102.40 102.31 0.09%
Dollar Index 79.43 79.38 0.06%
Source – www.cmegroup.com
Intra-day Resistance Intra-day Support
Commodities Close Pivot Point R1 R2 R3 S1 S2 S3
CRUDE FEB. 12 5061 5049 5088 5114 5179 5023 4984 4919
GOLD APRIL 12 28127 28122 28214 28301 28480 28035 27943 27764
SILVER MARCH 12 56216 56054 56558 56899 57744 55713 55209 54364
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2. US Economic Calendar:
Friday Tuesday Wednesday Thursday Friday
Feb. 17 Feb. 21 Feb. 22 Feb. 23 Feb. 24
Consumer Price Index 4-Week Bill Existing Home Sales Jobless Claims Consumer Sentiment
Announcement
Leading Indicators 3-Month Bill Auction Bank Reserve EIA Petroleum Status New Home Sales
Settlement Report
2-Year Note Auction ICSC-Goldman Store FHFA House Price
Sales Index
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