1. Daily Commodity Report
4th January 2013
Gold Silver Crude MCX GOLD (5 FEBRUARY 13) –
03-Jan-13
Gold opened higher at 31078 and moved further higher to touch an
Expiry 5-Feb-13 5-Mar-13 21-Jan-13 intra-day high of 31165. However, it failed to sustain higher and
Open 31,078 58,910 5,055 moved lower to touch an intra-day low of 30931. It ended the day
with modest losses to close at 30945.
High 31,165 59,340 5,090
Low 30,931 58,550 5,051 The Stochastic has slipped below its average and is also placed in
the over bought zone, which would lead to selling pressure and
Close 30,945 58,651 5,080 profit taking. However, the RSI is still placed above its average,
Prev. Close 31,042 58,938 5,049 which would lead to buying support at lower level. The +DI line, the
-DI line and ADX line are moving sideways, indicating a range
% Change -0.31% -0.49% 0.61%
bound trend. MCX Gold faces resistance at 31535, 31702 and
Source – MCX 31790 while the support levels are placed at 30916, 30475, 30366,
30150 and 29607.
Volume (In 000's)
MCX SILVER (5 MARCH 13) –
3-Jan-13 2-Jan-13 % Chg. Silver opened lower at 58910 but moved higher to touch an intra-
Gold (gms) 30,636.0 48,733.0 -37.14% day high of 59340. However, it failed to sustain higher and moved
lower to touch an intra-day low of 58550. It ended the day with
Silver (kgs) 1,706.6 2,657.8 -35.79% modest losses to close at 58651.
Crude (bbl) 15,792.7 19,439.5 -18.76%
The RSI and the Stochastic are placed above their respective
Source – MCX averages, which would lead to buying support. The +DI line has
moved above the -DI line and is also placed above the 25 level,
Turnover (In Lacs) indicating buyers are gaining strength. MCX Silver faces resistance
at 59483, 61484 and 63224 while the supports are placed at
3-Jan-13 2-Jan-13 % Chg.
57049, 56372 and 55952 levels.
Gold 951,487.8 1,510,213.6 -37.00%
MCX CRUDE (21 JANUARY 13) –
Silver 1,005,791.8 1,563,931.4 -35.69% Crude opened higher at 5055 but moved marginally lower to touch
Crude 800,632.3 984,261.9 -18.66% an intra-day low of 5051. However, it managed to bounce back
from lower levels to move higher and touched an intra-day high of
Source – MCX 5090. It ended the day with moderate gains to close at 5080.
Global Market (Nymex - $) The Stochastic has moved above its average. Moreover, the RSI is
04/01/2013 03/01/2013 % Chg.
already placed above its average. These positive conditions would
lead to buying support. However, both the RSI and Stochastic are
Gold (oz) 1,650.50 1,674.60 -1.44% also place in the over bought zone, which would lead to regular
Silver (oz) 29.62 30.73 -3.61% bouts of profit taking. The +DI line remains placed above the -DI
line and is also placed above the 34 level but has come off its
WTI Crude (bbl) 92.17 92.92 -0.81%
recent highs, indicating buyers are booking profits at regular
Brent Crude (bbl) 111.39 112.14 -0.67% intervals. It faces resistance at 5085, 5125 and 5157 while the
Dollar Index 80.01 79.85 0.20% supports are placed at 4989, 4788, 4755, and 4727
Source – www.cmegroup.com
Positional Call – BUY MCX CRUDE (21 JANUARY 13) above
4950, Stop Loss 4871 Target of 5125
Sanjay Bhatia (AVP – Technical Research)
Email sanjay@keynotecapitals.net Yahoo Id: keytechnicals@yahoo.in
NOTE – Stop Losses should be considered strictly on Closing
Basis
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. Commodity News:
Government may not lift the ban on guar futures
The government is unlikely to lift the suspension on guar futures in this financial year. The Forward Markets
Commission (FMC) is scheduled to review the ban with the Director General of Foreign Trade (DGFT) and the
stakeholders in Rajasthan before taking a decision. "The consumer ministry has asked FMC to conduct an on-ground
assessment with DGFT and the stakeholders in Rajasthan, which produces 80% of the crop. We will be able to take a
decision only after getting their views," said a consumer affairs ministry official.
HSBC cuts 2013 gold price outlook
Major bullion bank HSBC Holdings Plc cut its 2013 average gold price after factoring in a 2012 year-end price of
$1,675 an ounce. The bank cut its 2013 price forecast to $1,760 an ounce from $1,850. It kept its 2014 gold forecast at
$1,775 and introduced a 2015 forecast of $1,675 an ounce.
Source: ET
Economic Calendar:
Countries / Friday Monday Tuesday
Regions 04/13 07/13 08/13
India FX Reserves, USD (Dec 30)
Consumer Credit Change
US Nonfarm Payrolls (Dec)
(Nov)
Unemployment Rate (Dec)
ISM Non-Manufacturing PMI
(Dec)
HSBC China Services PMI Sentix Investor Confidence China Unemployment Rate
Global
(Dec) (Jan) n.s.a (MoM) (Dec)
Euro Markit Services PMI UK CB Leading Economic
Retail Sales (MoM) (Nov)
(Dec) Index (Dec)
Eruo Producer Price Euro Economic Sentiment
Index (MoM) (Nov) Indicator (Dec)
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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