Daily Commodity Report
9th October 2012
MCX GOLD (5 DECEMBER 12) –
Gold Silver Crude
(5 Dec-12) (5 Dec-12) (19 Oct-12) Gold opened lower at 31136 but moved lower to touch an intra-day
Open 31,136 61,725 4,685 low of 31081. However, it managed to bounce back from lower
levels to touch an intra-day high of 31362. It ended the day with
High 31,362 61,725 4,719
moderate gains to close at 31331.
Low 31,081 61,043 4,625
The RSI and the Stochastic are placed above their respective
Close 31,331 61,474 4,700 averages, which would lead to buying support. The ADX line, +DI
Prev. Close 31,167 61,800 4,678 line and -DI line are moving sideways, indicating a range bound
trend. MCX Gold faces resistance at 31348, 31467, 31937, 32100,
% Change 0.53% -0.53% 0.47%
32393 and 32421 while the support levels are placed at 30837,
Source – MCX 30428, 30340, 30179, 29668 and 28859.
Positional Call – Buy MCX GOLD (5 DECEMBER 12) above
Volume (In 000's) 31350, Stop Loss 31000 Target of 32100
08/10/2012 06/10/2012 % Chg.
MCX SILVER (5 DECEMBER 12) –
Gold (gms) 29,499.0 1,357.0 2073.84%
Silver opened lower at 61725. Incidentally, this was the highest
Silver (kgs) 1,398.6 54.3 2475.69%
price recorded for the day. It moved lower to touch an intra-day low
Crude (bbl) 23,568.4 580.0 3963.52% of 61043. It ended the day with moderate losses to close at 61474.
Source – MCX The RSI is placed below its average, which would lead to selling
pressure. However, the Stochastic has moved above its average
Turnover (In Lacs) and is still placed in the over sold zone, which would lead to short
08/10/2012 06/10/2012 % Chg.
covering and buying support at lower levels. The ADX line, +DI line
and -DI line are moving sideways, indicating a range bound trend.
Gold 920,991.1 42,275.0 2078.57% MCX Silver faces resistance at 61912, 62273, 64600, 65723 and
66000 while the supports are placed at 61398, 60750 and 59512
Silver 858,361.7 33,552.8 2458.24%
levels.
Crude 1,102,209.3 27,138.0 3961.50%
MCX CRUDE (19 OCTOBER 12) –
Source – MCX
Crude opened higher at 4685. It failed to sustain higher and moved
Global Market (Nymex - $) lower to touch an intra-day low of 4625. However, it managed to
bounce back from lower levels to move higher. It moved higher to
09/10/2012 08/10/2012 % Chg.
touch an intra-day high of 4719. It ended the day with modest gains
Gold (oz) 1,780.70 1,775.70 0.28% to close at 4700.
Silver (oz) 34.24 34.02 0.64% The RSI has moved above its average. Moreover, the Stochastic is
WTI Crude 90.23 89.33 1.01% already placed above its average. Both the RSI and the Stochastic
are still placed around the over sold zone. These conditions would
Brent Crude 112.62 111.82 0.72%
lead to regular bouts of short covering and buying support. The
Dollar Index 79.53 79.60 -0.09% ADX line and –DI line are moving higher, indicating sellers are
Source – www.cmegroup.com using higher levels as an opportunity to build fresh short positions.
It faces resistance at 4760, 4892, 4950 and 5050 while the
supports are placed at 4692, 4603, 4578 and 4467
NOTE – Stop Losses should be considered strictly on Closing
Basis
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The Ruby, 9th Floor, Senapati Bapat Marg, Dadar (W), Mumbai – 400 028. Tel: 3026 6000. Fax: 3026 6088.
www.keynotecapitals.com

Commodity News:
Gold inches up after two-day slide; growth worries weigh
Gold inched up after two days of decline, but persistent worries about the euro zone debt crisis and global growth
could weigh on bullion, as these concerns keep the dollar strong. Speculative interest in gold remained strong, as
stimulus measures launched by key central banks in September drive investors to gold, a hedge against inflation and
currency debasement caused by looser monetary policy. Holdings in the gold-backed exchange-traded funds rose to
a historic high of 74.73 million ounces by Oct. 7, up 6 percent over the past two months during which gold prices
climbed nearly 10 percent.
Silver futures fall on weak global trend
Silver prices fell by Rs 603 to Rs 61,197 per kg in futures trade today after participants reduced positions amid a weak
trend overseas. At the Multi Commodity Exchange, Silver for delivery in December fell by Rs 603, or 0.98 per cent, to
Rs 61,197 per kg, with a business turnover of 15,356 lots. Similarly, the metal for delivery in March moved down by Rs
608, or 0.96 per cent, to Rs 62,898 per kg, with a business turnover of 562 lots.
Source:ET
Economic Calendar:
Countries / Tuesday Thursday
Wednesday
Regions 09/Oct 10/Oct 11/Oct
India
IBD/TIPP Economic Optimism Monthly Budget Statement
US Wholesale Inventories (Aug)
(MoM) (Oct) (Sep)
NFIB Business Optimism
10-Year Note Auction 30-Year Bond Auction
Index (Sep)
GBP Trade Balance; non-EU JPY Bank lending (YoY) Spain Consumer Price Index
Global
(Aug) (Sep) (YoY) (Sep)
Greece Consumer Price Germany Wholesale Price
ECB Monthly Report (Oct)
Index (YoY) (Sep) Index (MoM) (Sep)
Japan Bank of Japan Monthly Greece Unemployment Rate
Economic Survey (MoM) (Jul)
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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