Daily Commodity Report
8th November 2012
MCX GOLD (5 DECEMBER 12) –
Gold Silver Crude
(5 Dec-12) (5 Dec-12) (15 Nov-12) Gold opened marginally higher at 31274 and moved further higher
Open 31,274 60,000 4,804 to touch an intra-day high of 31444. However, it failed to sustain
higher and moved lower to touch an intra-day low of 31022. It
High 31,444 60,229 4,823
ended the day with modest losses to close at 31206.
Low 31,022 58,385 4,617
The RSI and the Stochastic are placed above their respective
Close 31,206 59,252 4,643 averages, which would lead to buying support. Though the +DI line
Prev. Close 31,273 59,910 4,794 is placed above the 33 level it is declining, indicating buyers are
booking profits at regular intervals. MCX Gold faces resistance at
% Change -0.21% -1.10% -3.15%
31348, 31467 and 31937 while the support levels are placed at
Source – MCX 30837, 30428, 30340, 30179, 29668 and 28859.
Volume (In 000's) MCX SILVER (5 DECEMBER 12) –
7-Nov-12 6-Nov-12 % Chg. Silver opened higher at 60000 and moved further higher to touch
Gold (gms) 59,987.0 42,734.0 40.37%
an intra-day high of 60229. However, it failed to sustain higher and
moved lower to touch an intra-day low of 58385. It ended the day
Silver (kgs) 3,250.7 2,128.5 52.72% with moderate losses to close at 59252.
Crude (bbl) 36,020.7 24,160.5 49.09%
The Stochastic and the RSI are already placed above their
Source – MCX respective averages, which would lead to buying support. The ADX
line, -DI line and +DI line are moving sideways indicating a range
Turnover (In Lacs) bound trend. MCX Silver faces resistance at 59512, 60750, 61398,
61912, 62273, and 64600 while the supports are placed at 57400,
7-Nov-12 6-Nov-12 % Chg.
56953 and 53621 levels.
Gold 1,876,309.4 1,325,786.5 41.52%
Silver 1,934,709.8 1,258,452.3 53.74% MCX CRUDE (15 NOVEMBER 12) –
Crude 1,701,545.1 1,142,852.0 48.89%
Crude opened higher at 4804 and moved further higher to touch an
Source – MCX intra-day high of 4823. However, it failed to sustain higher and
moved lower to touch an intra-day low of 4617. It ended the day
Global Market (Nymex - $) with large losses to close at 4643.
08/11/2012 07/11/2012 % Chg. The Stochastic and the RSI are already placed above their
Gold (oz) 1,716.70 1,714.00 0.16% respective averages, which would lead to buying support. The ADX
line, -DI line and +DI line are moving sideways indicating a range
Silver (oz) 31.80 31.66 0.44%
bound trend. It faces resistance at 4692, 4760, 4892, 4950 and
WTI Crude (bbl) 84.86 84.44 0.50% 5000 while the supports are placed at 4603, 4578 and 4467.
Brent Crude (bbl) 107.33 106.82 0.48%
NOTE – Stop Losses should be considered strictly on Closing
Dollar Index 80.81 80.80 0.01% Basis
Source – www.cmegroup.com
Keynote Capitals Ltd.
The Ruby, 9th Floor, Senapati Bapat Marg, Dadar (W), Mumbai – 400 028. Tel: 3026 6000. Fax: 3026 6088.
www.keynotecapitals.com

Commodity News:
Crude futures drop on rising supply
Oil fell from a two-week high in New York amid speculation that US crude inventories rose last week and as Greece
prepared to vote on austerity measures. Futures slid as much as 1.6% after surging 3.6% on Tuesday. Greek
parliamentarians will vote later on Wednesday on proposed spending cuts amid concern that Europe's debt crisis may
curb demand for fuels. US oil stockpiles probably increased last week for a fourth time in five weeks, an Energy
Department report may show on Wednesday.
Gold imports slow as prices steady near 2-week high
Gold importers in India, the world's biggest buyer of the yellow metal, slowed purchases in the peak festival season as
prices steadied near their highest level in more than two weeks. At 0923 GMT, the most-active gold for December
delivery on the Multi Commodity Exchange was 0.08 per cent higher at Rs 31,298 per 10 grams, after hitting a high of
Rs 31,393, nearing a level last seen on October 19.
Source: ET
Economic Calendar:
Countries / Thursday Friday Monday
Regions 08/Nov 09/Nov 12/Nov
Indian Manufacturing Output
India Indian FX Reserves, USD
(MoM)
Indian Industrial Production
(YoY)
US Continuing Jobless Claims Import Price Index (MoM)
Michigan Consumer
Trade Balance
Sentiment
30-Year Bond Auction
Japan Industrial Production
Global Euro Interest Rate Decision Chinese Retail Sales (YoY)
(MoM)
UK CB Leading Index (MoM)
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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