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Keynote commodity daily report 290212

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Keynote commodity daily report 290212

  1. 1. Daily Commodity Report 29th February 2012 MCX GOLD (APRIL 12) - Gold opened lower at 28701. It moved Gold Silver Crude (5 Apr-12) (5 Mar-12) (19 Mar-12) lower to touch an intra day low of 28661. However, it managed to move higher and touched an intra-day high of 28938. It ended the Open 28,701 58,560 5,389 day with modest gains to close at 28875. High 28,938 61,119 5,389 The Stochastic is placed below its average and also near the over Low 28,661 58,525 5,310 bought zone, which would lead to profit taking and selling pressure Close 28,875 60,883 5,325 at regular intervals. However, the RSI remains placed above its average, which would lead to buying support at lower levels. The Prev. Close 28,740 58,710 5,386 ADX line, -DI line are moving sideways, however, +DI line is placed % Change 0.47% 3.70% -1.13% at the 33.59 level indicating buyers are gaining strength. MCX GOLD faces resistance at 28960, 29212 and 29433, while the Source – MCX supports are placed at 27557, 26347 and 25500 levels. Volume (In 000's) MCX SILVER (MARCH 12) - Silver opened lower at 58560. It 28/2/2012 27/2/2012 % Chg. moved lower to touch an intra day low of 58525. However, it managed to move higher and touched an intra-day high of 61119. It Gold (gms) 37,172.0 33,826.0 9.89% ended the day with large gains to close at 60883. Silver (kgs) 2,652.8 1,543.8 71.84% The Stochastic has again moved above its average, while the RSI Crude (bbl) 13,524.7 14,880.0 -9.11% remains placed above its average, which would lead to buying Source – MCX support at lower levels. But both are placed in the over bought zone, which would lead to profit taking at higher levels. The -DI line Turnover (In Lacs) is moving sideways, but ADX line and +DI line is placed above 30 level indicating buyers have an upper hand. MCX Silver faces 28/2/2012 27/2/2012 % Chg. resistance at 61708, 65159 and 66261 while the supports are Gold 1,071,155.6 971,686.8 10.24% placed at 56157, 51029 and 50252 levels. Silver 1,585,011.2 905,168.3 75.11% MCX CRUDE (MARCH 12) - Crude opened higher at 5389 level. Crude 722,384.5 746,312.0 -3.21% Incidentally, this was also the highest price for the day. It moved lower to touch an intra day low of 5310. It ended the day with Source – MCX moderate losses to close at 5325. Global Market (Nymex - $) The RSI and Stochastic have slipped below their respective 29/2/2012 28/2/2012 % Chg. averages and are also placed in the over bought zone, which would lead to profit taking and selling pressure. However, both RSI and Gold (oz) 1,788.10 1,788.40 -0.02% Stochastic which would lead to regular bouts of profit taking. The – Silver (oz) 37.03 37.21 -0.47% DI line is moving sideways, but the ADX line, and +DI line are placed above 30 level indicating buyers have an upper hand. It Crude (bbl) 106.87 106.55 0.30% faces resistance at 5436, 5462 and 5498 while the supports are Dollar Index 78.14 78.23 -0.12% placed at 5150, 5095, 4905 and 4727 levels. Source – www.cmegroup.com Intra-day Resistance Intra-day Support Commodities Close Pivot Point R1 R2 R1 CRUDE MARCH 12 5325 5341 5373 5420 CRUDE MARCH 12 5325 5341 5373 GOLD APRIL 12 28875 28825 28988 29102 GOLD APRIL 12 28875 28825 28988 SILVER MARCH 12 60883 60176 61826 62770 SILVER MARCH 12 60883 60176 61826 Keynote Capitals Ltd. th 4 Floor, Balmer Lawrie Bldg., 5, J. N. Heredia Marg, Ballard Estate, Fort, Mumbai, India – 400001. Tel: 3026 6000 / 2269 4322 www.keynotecapitals.com
  2. 2. US Economic Calendar: Wednesday Thursday Monday Tuesday Wednesday Feb. 29 Mar. 01 Mar. 05 Mar. 06 Mar. 07 GDP Data Jobless Claims Factory Orders 1 Month bill auction Bank Reserve Settlement EIA Petroleum Status Personal Income and Non-Manufacturing 1 Year bill Auction Consumer Credit Report Outlays Index Ben Bernanke Speech Construction Spending 3-month, 6-month bill ICSC - Goldman Store Productivity and Costs auction Sales Keynote Capitals Ltd. th 4 Floor, Balmer Lawrie Bldg., 5, J. N. Heredia Marg, Ballard Estate, Fort, Mumbai, India – 400001. Tel: 3026 6000 / 2269 4322 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. th 4 Floor, Balmer Lawrie Bldg., 5, J. N. Heredia Marg, Ballard Estate, Fort, Mumbai, India – 400001. Tel: 3026 6000 / 2269 4322 www.keynotecapitals.com

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