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Keynote commodity daily report 290312

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Keynote commodity daily report 290312

  1. 1. Daily Commodity Report 29th March 2012 MCX GOLD (5 APRIL 12) - Gold opened lower at 28275. It Gold Silver Crude (5 Apr-12) (5 May-12) (19 Apr-12) moved higher to touch an intra day high of 28284. However, it failed to sustain higher and corrected. It touched an intra-day low Open 28,275 57,341 5,467 of 28106 level. It ended the day with modest losses to close at High 28,284 57,395 5,473 28134. Low 28,106 56,467 5,376 The Stochastic is placed below its average and is still placed in the over bought zone, which would lead to profit taking and selling Close 28,134 56,578 5,397 pressure. However, the RSI is placed above its average, which Prev. Close 28,280 57,405 5,473 would lead to buying support at lower levels. The ADX line, -DI line are moving sideways. However, the +DI line is placed at % Change -0.52% -1.44% -1.39% 30.80 level and is falling indicating buyers are booking profits. 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. 28/3/2012 27/3/2012 % Chg. MCX SILVER (5 MAY 12) - Silver opened lower at 57341. It moved higher to touch an intra day high of 57395. However, it Gold (gms) 23,380.0 27,403.0 -14.68% failed to sustain higher and corrected. It touched an intra-day low Silver (kgs) 1,810.2 1,608.8 12.52% of 56467 level. It ended the day with moderate losses to close at Crude (bbl) 15,351.7 12,056.0 27.34% 56578. Source – MCX The RSI and the Stochastic have slipped below their respective averages, which would lead to selling pressure support. Moreover, Turnover (In Lacs) the Stochastic is still placed near the over bought zone, which would lead to intermediate bouts of profit taking, especially at 28/3/2012 27/3/2012 % Chg. higher levels. The –DI, +DI line and ADX line are moving sideways, indicating a range bound trend. MCX Silver faces Gold 659,212.0 776,074.1 -15.06% resistance at 61708, 65159 and 66261 while the supports are Silver 1,031,467.5 927,341.0 11.23% placed at 56157, 51029 and 50252 levels. Crude 831,460.6 659,524.0 26.07% MCX CRUDE (19 APRIL 12) - Crude opened lower at 5467 level. Source – MCX It moved higher to touch an intra-day high of 5473 level. However, it failed to sustain higher on back of selling pressure. It moved lower to touch an intra day low of 5376. It ended the day with Global Market (Nymex - $) moderate losses to close at 5397. 29/3/2012 28/3/2012 % Chg. The RSI has slipped below its average. Moreover, the Stochastic Gold (oz) 1,661.10 1,657.90 0.19% is already placed below its average. These conditions would lead to profit taking at and selling pressure. However, the Stochastic is Silver (oz) 32.05 31.83 0.69% placed in the over sold zone and would lead to intermediate bouts Crude (bbl) 105.45 105.41 0.04% of short covering. The +DI line, –DI line and ADX line are moving sideways, indicating a range bound trend. It faces resistance at Dollar Index 79.08 79.13 -0.06% 5498, 5550 and 5635 while the supports are placed at 5305, 5232 Source – www.cmegroup.com and 5182 levels. Intra-day Resistance Intra-day Support Commodities Close Pivot Point R1 R2 R3 S1 S2 S3 CRUDE APR 12 5397 5415 5455 5512 5609 5358 5318 5221 GOLD APR 12 28134 28175 28243 28353 28531 28065 27997 27819 SILVER MAY 12 56578 56813 57160 57741 58669 56232 55885 54957 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: Thursday Friday Monday Tuesday Wednesday Mar. 29 Mar. 30 Apr. 02 Apr. 03 Apr. 04 GDP Consumer Sentiment ISM Mfg Index FOMC Minutes ADP Employment Announcement Report Jobless Claims Personal Income and Construction Spending Factory Orders ISM Non-Mfg Index Outlays EIA Natural Gas Chicago PMI 4-Week Bill Motor Vehicle Sales EIA Petroleum Status Report Announcement Report 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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