1.
Daily Commodity Report
30th May 2012
MCX GOLD (5 JUNE 12) - Gold opened lower at 28994. It moved
Gold Silver Crude
(5 Jun-12) (5 Jul-12) (19 Jun-12) higher to touch an intra-day high of 29135. However, it failed to
sustain higher and moved lower to touch an intra-day low of 28819.
Open 28,994 54,448 5,075 It ended the day with modest losses to close at 28859.
High 29,135 54,885 5,132
Low 28,819 53,790 5,075 The RSI has slipped below its average, which would result in selling
pressure. However, The Stochastic has moved above its average,
Close 28,859 53,964 5,097 which would lead to buying support at lower levels. The ADX line,
Prev. Close 28,965 54,351 5,071 the –DI line and the +DI line are moving sideways, indicating a
range bound trend. MCX GOLD faces resistance at 28960, 29212,
% Change -0.37% -0.71% 0.51%
29433 and 30000 while the supports are placed at 28084, 27855,
Source – MCX 27557 and 26517 levels.
Volume (In 000's) MCX SILVER (5 JULY 12) - Silver opened higher at 54448. It
29/5/2012 28/5/2012 % Chg. moved higher to touch an intra-day high of 54885. However, it failed
to sustain higher and moved lower to touch an intra-day low of
Gold (gms) 39,300.0 17,158.0 129.05% 53790. It ended the day with moderate gains to close at 53964.
Silver (kgs) 2,473.4 1,007.0 145.63%
Crude (bbl) 19,189.5 7,821.6 145.34% The RSI and the Stochastic have slipped below their respective
averages, which would lead to selling pressure. The ADX line, the
Source – MCX +DI line and the –DI line are moving sideways, indicating a range
bound trend. MCX Silver faces resistance at 55551, 56157, 57737,
Turnover (In Lacs) 61708 and 65159 while the supports are placed at 51029, 50252
29/5/2012 28/5/2012 % Chg.
and 48562 levels.
Gold 1,140,303.5 497,154.7 129.37%
MCX CRUDE (19 June 12) - Crude opened higher at 5075 level.
Silver 1,345,900.8 549,565.0 144.90% Incidentally this was the lowest price for the day. It moved higher to
touch an intra-day high of 5132. It ended the day with moderate
Crude 978,948.0 397,653.8 146.18%
gains to close at 5097.
Source – MCX
The RSI is placed above its average, which would lead to buying
Global Market (Nymex - $)
support. However, the Stochastic is placed below its average but is
30/5/2012 29/5/2012 % Chg. placed in the over sold zone, which would lead to short covering.
Though, the ADX line is trending the +DI line and the -DI line are
Gold (oz) 1,547.20 1,548.70 -0.10%
moving sideways, indicating a range bound trend. It faces
Silver (oz) 27.65 27.79 -0.53% resistance at 5160, 5264 and 5392, while the supports are placed
Crude (bbl) 90.32 90.76 -0.48% at 5058, 5000, 4905 and 4722 levels.
Dollar Index 82.60 82.48 0.14%
Source – www.cmegroup.com
Intra-day Resistance Intra-day Support
Commodities Close Pivot Point
R1 R2 R3 S1 S2 S3
CRUDE JUN 12 5097 5101 5128 5158 5215 5071 5044 4987
GOLD JUN 12 28859 28938 29056 29254 29570 28740 28622 28306
SILVER JUL 12 53964 54213 54636 55308 56403 53541 53118 52023
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2.
US Economic Calendar:
Wednesday Thursday Friday Monday Tuesday
May 30 May 31 Jun 01 Jun 04 Jun 05
Pending Home Sales GDP Data Employment Situation Factory Orders ISM Non-Mfg Index
Index
MBA Purchase Jobless Claims Personal Income and 4-Week Bill ICSC-Goldman Store
Applications Outlays Announcement Sales
ICSC-Goldman Store ADP Employment Construction 6-Month Bill Auction 4-Week Bill Auction
Sales Report Spending
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3.
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