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Keynote commodity daily report 250712

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Keynote commodity daily report 250712

  1. 1. Daily Commodity Report 25th July 2012 MCX GOLD (4 AUGUST 12) - Gold opened lower at 29441 and Gold Silver Crude (4 Aug-12) (5 Sep-12) (20 Aug-12) moved further lower to touch an intra-day low of 29392. However, it managed to bounce back from lower levels to touch an intra-day Open 29,441 52,914 5,019 high of 29584. It ended the day with modest gains to close the day High 29,584 53,078 5,019 at 29568. Low 29,392 52,570 4,940 The RSI and the Stochastic are placed above their respective Close 29,568 52,828 4,993 averages, which would result in buying support. However, the Stochastic has moved in the over bought zone and would lead to Prev. Close 29,448 52,923 5,025 intermediate bouts of profit taking. The ADX line, +DI line and –DI % Change 0.41% -0.18% -0.64% line are moving sideways, indicating a range bound trend. MCX GOLD faces resistance at 29668, 30179, 30340, 30428 and 31000, Source – MCX while the supports are placed at 28859, 28765 and 27962 levels. Volume (In 000's) MCX SILVER (5 SEPT 12) - Silver opened lower at 52914 but 24/7/2012 23/7/2012 % Chg. managed to bounce back and moved higher to touch an intra-day high of 53078. However, it failed to sustain higher and moved lower Gold (gms) 34,633.0 40,149.0 -13.74% to touch an intra-day low of 52570. It ended the day with marginal Silver (kgs) 1,426.1 1,375.4 3.68% losses to close at 52828. Crude (bbl) 33,039.6 34,095.0 -3.10% The RSI and the Stochastic are placed above their respective Source – MCX averages, which would result in buying support. However, the Stochastic has also is placed in the over bought zone, which would Turnover (In Lacs) lead to intermediate bouts of profit taking. The ADX line, +DI line and –DI line are moving sideways, indicating a range bound trend. 24/7/2012 23/7/2012 % Chg. MCX Silver faces resistance at 53675, 54570, 55551, 56157 and Gold 1,021,440.9 1,179,454.9 -13.40% 57737 while the supports are placed at 51559, 51029, and 50252 levels. Silver 753,265.9 726,023.7 3.75% Crude 1,646,158.8 1,706,243.1 -3.52% MCX CRUDE (20 August 12) - Crude opened lower at 5019 level. Incidentally, this was the highest price recorded for the day. It Source – MCX moved lower to touch an intra-day low of 4940. It ended the day with moderate losses to close at 4993. Global Market (Nymex - $) The RSI and the Stochastic are already placed below their 25/7/2012 24/7/2012 % Chg. respective averages, which would lead to selling pressure. The +DI Gold (oz) 1,582.60 1,576.20 0.41% line and ADX line are moving lower and have come off their recent Silver (oz) 26.87 26.79 0.28% highs, indicating buyers are booking profits at regular intervals. It faces resistance at 5184, 5217 and 5290 while the supports are Crude (bbl) 88.40 88.50 -0.11% placed at 4777, 4737 and 4681. Dollar Index 83.95 84.01 -0.07% Source – www.cmegroup.com Intra-day Resistance Intra-day Support Commodities Close Pivot Point R1 R2 R3 S1 S2 S3 CRUDE AUG 12 4993 4984 5028 5063 5142 4949 4905 4826 GOLD AUG 12 29568 29515 29637 29707 29899 29445 29323 29131 SILVER SEP 12 52828 52825 53081 53333 53841 52573 52317 51809 Keynote Capitals Ltd. The Ruby, 9th Floor, Senapati Bapat Marg, Dadar (W), Mumbai – 400 028.. Tel: 3026 6000 www.keynotecapitals.com
  2. 2. US Economic Calendar: Wednesday Thursday Friday Monday Tuesday Jul 25 Jul 26 Jul 27 Jul 30 Jul 31 New Home Sales Jobless Claims GDP Data Dallas Fed Mfg Survey FOMC Meeting EIA Petroleum Status Durable Goods Orders Consumer Sentiment 4-Week Bill Personal Income and Report Announcement Outlays MBA Purchase Pending Home Sales 3-Month Bill Auction Consumer Confidence Applications Index Keynote Capitals Ltd. The Ruby, 9th Floor, Senapati Bapat Marg, Dadar (W), Mumbai – 400 028.. Tel: 3026 6000 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 www.keynotecapitals.com

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