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Keynote commodity daily report 260412

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Keynote commodity daily report 260412

  1. 1. Daily Commodity Report 26th April 2012 MCX GOLD (5 JUNE 12) - Gold opened lower at 28870. It moved Gold Silver Crude (5 Jun-12) (5 May-12) (21 May-12) lower to touch an intra day low of 28635 but managed to bounce back from lower levels. It moved higher to touch an intra-day high of 28877 Open 28,870 55,701 5,460 level. It ended the day with modest losses to close at 28840. High 28,877 55,797 5,512 The RSI is placed above its average, which would lead to buying Low 28,635 54,426 5,445 support. However, the Stochastic has slipped below its average and is also placed in the over bought zone, which would lead to profit Close 28,840 55,194 5,504 taking and selling pressure at higher levels. The ADX line and the -DI Prev. Close 28,873 55,697 5,463 line are moving sideways, but the +DI line though placed above the 30 level has come off its recent high of the 33.66 level indicating % Change -0.11% -0.90% 0.75% buyers are booking profits at higher levels. MCX GOLD faces Source – MCX resistance at 28960, 29212 and 29433, while the supports are placed at 28084, 27557, 26517, 26347 and 25500 levels. Volume (In 000's) MCX SILVER (5 MAY 12) - Silver opened lower at 55701. It moved 25/4/2012 24/4/2012 % Chg. higher to touch an intra day high of 55797. However, it failed to sustain higher and moved lower. It touched an intra-day low of 54426. Gold (gms) 40,434.0 26,919.0 50.21% It ended the day with moderate losses to close at 55194. Silver (kgs) 2,304.7 1,402.7 64.30% The RSI and the Stochastic are placed below their respective Crude (bbl) 16,400.7 10,943.5 49.87% averages. These conditions would lead to selling pressure. However, Source – MCX the Stochastic has moved in the over sold zone, which would lead to short covering and buying at lower levels. The ADX line, +DI line are Turnover (In Lacs) moving sideways but –DI line has moved above the 30 level, indicating sellers are gaining strength. MCX Silver faces resistance at 25/4/2012 24/4/2012 % Chg. 55551, 56157, 57737, 61708 and 65159 while the supports are placed at 51029 and 50252 levels. Gold 1,163,621.4 777,175.4 49.72% Silver 1,272,007.7 783,390.0 62.37% MCX CRUDE (19 May 12) - Crude opened lower at 5460 level. It moved lower to touch an intra day low of 5445 but managed to Crude 898,264.1 598,726.9 50.03% bounce back from lower levels. It moved higher to touch an intra-day Source – MCX high of 5512 level. It ended the day with moderate gains to close at 5504. Global Market (Nymex - $) The RSI and the Stochastic are placed above their respective 25/4/2012 25/4/2012 % Chg. averages. These conditions would lead to buying support. However, the Stochastic is placed in the over bought zone, which would lead to Gold (oz) 1,644.40 1,641.40 0.18% profit taking, especially at higher levels. The ADX line, –DI line and Silver (oz) 30.66 30.36 1.00% +DI line are moving sideways, indicating a range bound trend. It faces resistance at 5512, 5550 and 5635 while the supports are placed at Crude (bbl) 103.99 104.12 -0.12% 5498, 5403, 5335, 5305, 5232 and 5182 levels. Dollar Index 79.02 79.07 -0.07% Source – www.cmegroup.com Intra-day Resistance Intra-day Support Commodities Close Pivot Point R1 R2 R3 S1 S2 S3 CRUDE MAY 12 5504 5487 5529 5554 5621 5462 5420 5353 GOLD JUN 12 28840 28784 28933 29026 29268 28691 28542 28300 SILVER MAY 12 55194 55139 55852 56510 57881 54481 53768 52397 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: Thursday Friday Monday Tuesday Wednesday Apr. 26 Apr. 27 Apr. 30 May 01 May 02 Jobless Claims GDP Data Personal Income and ISM Mfg Index Factory Orders Outlays Money Supply Data Employment Cost Chicago PMI Data Motor Vehicle Sales ADP Employment Index Report Pending Home Sales Consumer Sentiment Dallas Fed Mfg Construction EIA Petroleum Status Index Survey Spending Report 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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