1. Daily Commodity Report
28th March 2012
MCX GOLD (5 APRIL 12) - Gold opened lower at 28402. It
Gold Silver Crude
(5 Apr-12) (5 May-12) (19 Apr-12)
moved higher to touch an intra day high of 28425. However, it
failed to sustain higher and corrected. It touched an intra-day low
Open 28,402 57,750 5,478 of 28242 level. It ended the day with modest losses to close at
High 28,425 57,949 5,495 28280.
Low 28,242 57,330 5,450 The RSI is placed above their respective averages, which would
lead to buying support at lower levels. However, the Stochastic
Close 28,280 57,405 5,473
has breached its average and is still placed in the over bought
Prev. Close 28,367 57,731 5,480 zone, which would lead to profit taking and selling pressure. The
ADX line, -DI line are moving sideways. However, the +DI line is
% Change -0.31% -0.56% -0.13%
placed above at 32.44 level indicating buyers are gaining strength.
Source – MCX MCX GOLD faces resistance at 28960, 29212 and 29433, while
the supports are placed at 28084, 27557, 26517, 26347 and
Volume (In 000's) 25500 levels.
27/3/2012 26/3/2012 % Chg. MCX SILVER (5 MAY 12) - Silver opened higher at 57750. It
moved higher to touch an intra day high of 57949. However, it
Gold (gms) 27,403.0 30,115.0 -9.01%
failed to sustain higher and corrected. It touched an intra-day low
Silver (kgs) 1,608.8 1,606.6 0.14% of 57330 level. It ended the day with moderate losses to close at
Crude (bbl) 12,056.0 10,689.2 12.79%
57405.
Source – MCX The RSI and the Stochastic are placed above their respective
averages, which would lead to buying support. However, the
Turnover (In Lacs) Stochastic is still placed in the over bought zone, which would
lead to intermediate bouts of profit taking, especially at higher
27/3/2012 26/3/2012 % Chg. levels. The –DI, +DI line and ADX line are moving sideways,
indicating a range bound trend. MCX Silver faces resistance at
Gold 776,074.1 851,200.9 -8.83%
61708, 65159 and 66261 while the supports are placed at 56157,
Silver 927,341.0 924,328.7 0.33% 51029 and 50252 levels.
Crude 659,524.0 586,950.2 12.36% MCX CRUDE (19 APRIL 12) - Crude opened lower at 5478 level.
Source – MCX
It moved higher to touch an intra-day high of 5495 level. However,
it failed to sustain higher on back of selling pressure. It moved
lower to touch an intra day low of 5450. It ended the day with
Global Market (Nymex - $)
marginal losses to close at 5473.
28/3/2012 27/3/2012 % Chg.
The Stochastic is placed below its average, which would lead to
Gold (oz) 1,680.20 1,684.90 -0.28% profit taking at and selling pressure. However, the RSI is placed
above its average, which would lead to buying support at lower
Silver (oz) 32.53 32.60 -0.24%
levels. The –DI line and ADX line are moving sideways, however,
Crude (bbl) 106.77 107.33 -0.52% +DI line is placed at 31.04 level and is falling indicating buyers are
booking profits. It faces resistance at 5498, 5550 and 5635 while
Dollar Index 79.06 79.05 0.01%
the supports are placed at 5305, 5232 and 5182 levels.
Source – www.cmegroup.com
Intra-day Resistance Intra-day Support
Commodities Close Pivot Point R1 R2 R3 S1 S2 S3
CRUDE APR 12 5473 5473 5495 5518 5563 5450 5428 5383
GOLD APR 12 28280 28316 28389 28499 28682 28206 28133 27950
SILVER MAY 12 57405 57561 57793 58180 58799 57174 56942 56323
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