1. Daily Commodity Report
19th December 2011
MCX GOLD (FEB 12) - Gold opened lower at 27536. It moved
Gold Silver Crude
(4 Feb-12) (5 Mar-12) (19 Dec-11)
lower during the day to touch an intra-day low of 27530 but
managed to bounce back due to short covering and buying support.
Open 27,536 53,500 4,906 It touched an intra-day high of 27649. It ended the day with modest
High 27,649 53,770 4,955 gains to close at 27636.
Low 27,530 53,500 4,906 The RSI remains placed below its average, which would lead to
Close 27,636 53,714 4,950 further selling pressure. However, the Stochastic has moved above
its average and is placed in the over sold zone and would lead to
Prev. Close 27,492 53,458 4,903
intermediate bouts of short covering and buying support at lower
% Change 0.52% 0.48% 0.96% levels. The ADX and +DI are moving sideways, while -DI line has
witnessed is placed at 38.65, indicating sellers have an upper hand.
Source – MCX
MCX GOLD faces resistance at 27954, 28152, 28960 and 29212,
while the supports are placed at 26347, 25500 and 24992 levels.
Volume (In 000's)
17/12/2011 16/12/2011 % Chg. MCX SILVER (MAR 12) - Silver opened higher at 53500.
Incidentally, this was also the lowest price for the day. It touched an
Gold (gms) 3,218.0 56,533.0 -94.31% intra-day high of 53770. It ended the day with modest gains to close
Silver (kgs) 68.8 1,961.7 -96.49% at 53714.
Crude (bbl) 641.5 19,331.4 -96.68%
The RSI remains placed below its average, which would lead to
Source – MCX further selling pressure. However, the Stochastic has moved above
its average and is placed in the over sold zone and would lead to
Turnover (In Lacs) intermediate bouts of short covering and buying support at lower
levels. The ADX and +DI are moving sideways, while -DI line has
17/12/2011 16/12/2011 % Chg. witnessed is placed at 33.61, indicating sellers have an upper hand.
Gold 88,842.4 1,550,956.3 -94.27%
MCX Silver faces resistance at 54754, 61708, 61884 and 64605
levels, while the supports are placed at 52725, 52365, 51226 and
Silver 36,913.9 1,049,431.4 -96.48% 50223 levels.
Crude 31,680.8 1,288,277.0 -97.54%
MCX CRUDE (DEC 11) - Crude opened higher at 4906 level.
Source – MCX Incidentally, this was also the lowest price for the day. It touched an
intra-day high of 4955. It ended the day with moderate gains to
Global Market (Nymex - $) close at 4950.
19/12/2011 17/12/2011 % Chg.
The RSI and the Stochastic are placed below their respective
Gold (oz) 1,593.60 1,595.60 -0.13% averages, which would lead to further selling pressure. However,
the Stochastic is placed in the over sold zone, which would lead to
Silver (oz) 29.33 29.62 -0.96%
intermediate bouts of short covering. The ADX and +DI line are
Crude (bbl) 93.16 93.53 -0.40% moving sideways, while -DI line is moving higher. It faces
Dollar Index 80.48 80.25 0.28% resistance at 5115, 5174 and 5200 levels, while the supports are
placed at 5008, 4647 and 4156 levels.
Source – www.cmegroup.com
Intra-day Resistance Intra-day Support
Commodities Close Pivot Point R1 R2 R3 S1 S2 S3
CRUDE DEC 11 4950 4937 4968 4986 5035 4919 4888 4839
GOLD FEB 12 27636 27605 27680 27724 27843 27561 27486 27367
SILVER MAR 12 53714 53661 53823 53931 54201 53553 53391 53121
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