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Keynote commodity daily report 250512

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Keynote commodity daily report 250512

  1. 1. Daily Commodity Report 25th May 2012 MCX GOLD (5 JUNE 12) - Gold opened lower at 29020. It Gold Silver Crude (5 Jun-12) (5 Jul-12) (19 Jun-12) managed to move higher to touch an intra-day high of 29102. However, it failed to sustain higher and moved lower to touch an Open 29,020 53,999 5,094 intra-day low of 28854. It ended the day with modest losses to close High 29,102 54,785 5,111 at 28880. Low 28,854 53,980 5,072 The RSI is placed above its average but is on verge of breaching it. The Stochastic remains placed below its average and is still placed Close 28,880 54,317 5,092 in the over bought zone, which would lead to profit taking and Prev. Close 28,969 53,818 5,087 selling pressure especially at higher levels. The ADX line, the –DI % Change -0.31% 0.93% 0.10% line and the +DI line are moving sideways, indicating a range bound trend. MCX GOLD faces resistance at 28960, 29212, 29433 and Source – MCX 30000 while the supports are placed at 28084, 27855, 27557 and 26517 levels. Volume (In 000's) MCX SILVER (5 JULY 12) - Silver opened higher at 53999. It 24/5/2012 23/5/2012 % Chg. moved lower to touch an intra-day low of 53980. However, it Gold (gms) 45,170.0 50,523.0 -10.60% managed to bounce back from lower levels to move higher and touch an intra-day high of 54785. It ended the day with moderate Silver (kgs) 2,248.2 2,612.0 -13.93% gains to close at 54317. Crude (bbl) 17,888.1 18,898.9 -5.35% The RSI remains placed above its average, which would lead to Source – MCX buying support at regular intervals. However, the Stochastic has slipped below its average, which would lead to profit taking and Turnover (In Lacs) selling pressure especially at higher levels. Though the ADX line and the -DI line are trending and are still placed above the 30 level 24/5/2012 23/5/2012 % Chg. these have come off their recent highs, indicating sellers are Gold 1,310,680.8 1,462,715.0 -10.39% covering their shorts at regular intervals. MCX Silver faces resistance at 55551, 56157, 57737, 61708 and 65159 while the Silver 1,222,391.8 1,403,905.8 -12.93% supports are placed at 51029, 50252 and 48562 levels. Crude 911,000.2 967,188.4 -5.81% MCX CRUDE (19 June 12) - Crude opened higher at 5094 level. It Source – MCX moved higher to touch an intra-day high of 5111. However, it failed to sustain higher and moved lower to touch an intra-day low of 5072 Global Market (Nymex - $) but managed to come off the lows. It ended the day with marginal gains to close at 5092. 25/5/2012 24/5/2012 % Chg. The RSI and the Stochastic are placed above their respective Gold (oz) 1,557.40 1,557.30 0.01% averages, which would lead to buying support. The +DI line is Silver (oz) 27.94 28.14 -0.71% moving sideways. Though, the ADX line and the -DI line are trending above the 30 level, these have come off their recent highs, Crude (bbl) 90.42 90.66 -0.26% indicating sellers are covering their shorts at regular intervals. It Dollar Index 82.39 82.35 0.05% faces resistance at 5160, 5264 and 5392, while the supports are Source – www.cmegroup.com placed at 5058, 5000, 4905 and 4722 levels. Intra-day Resistance Intra-day Support Commodities Close Pivot Point R1 R2 R3 S1 S2 S3 CRUDE JUN 12 5092 5092 5111 5131 5170 5072 5053 5014 GOLD JUN 12 28880 28945 29037 29193 29441 28789 28697 28449 SILVER JUL 12 54317 54361 54741 55166 55971 53936 53556 52751 Keynote Capitals Ltd. The Ruby, 9th Floor, Senapati Bapat Marg, Dadar (W), Mumbai – 400 028. Tel: 3026 6000. Fax: 3026 6088. www.keynotecapitals.com
  2. 2. US Economic Calendar: Friday Tuesday Wednesday Thursday Friday May 25 May 29 May 30 May 31 Jun 01 Consumer Sentiment Consumer Confidence Pending Home Sales GDP Data Employment Situation Index Dallas Fed Mfg MBA Purchase Jobless Claims Personal Income and Survey Applications Outlays State Street Investor ICSC-Goldman Store ADP Employment Construction Confidence Index Sales Report Spending Keynote Capitals Ltd. The Ruby, 9th Floor, Senapati Bapat Marg, Dadar (W), Mumbai – 400 028. Tel: 3026 6000. Fax: 3026 6088. 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. 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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