Daily Commodity Report
11th September 2012
MCX GOLD (5 OCTOBER 12) –
Gold Silver Crude
(5 Oct-12) (5 Dec-12) (19 Sep-12)
Gold opened higher at 31964 and moved further higher to touch an
Open 31,964 64,008 5,315 intra-day high of 32043. However, it failed to sustain higher and
moved lower to touch an intra-day low of 31851. It ended on a flat
High 32,043 64,614 5,354 note to close at 31907.
Low 31,851 63,759 5,290
The Stochastic has again moved above its average. Moreover, the
Close 31,907 63,980 5,326 RSI is still placed above its average. Both the Stochastic and the
RSI are still placed in the over bought zone, which would lead to
Prev. Close 31,896 63,890 5,313
selling pressure and profit taking at regular intervals. Though the
% Change 0.03% 0.14% 0.24% ADX line is moving higher the +DI line is moving lower, indicating
buyers are booking profits at regular intervals. MCX Gold faces
Source – MCX resistance at 31975, 32043, and 32350 while the support levels are
placed at 31467, 30837, 30428, 30340, 30179, 29668 and 28859.
Volume (In 000's)
Positional Call – SELL MCX GOLD (5 OCT 12) around 31900,
10/09/2012 08/09/2012 % Chg. Stop Loss 32010 Target of 31500
Gold (gms) 31,810.0 4,396.0 623.61%
MCX SILVER (5 DECEMBER 12) –
Silver (kgs) 2,108.5 220.2 857.52%
Silver opened higher at 64008 and moved further higher to touch
Crude (bbl) 19,666.1 552.4 3460.12% an intra-day high of 64614. However, it failed to sustain higher and
Source – MCX
moved lower to touch an intra-day low of 63759. It ended the day
with modest gains to close at 63980.
Turnover (In Lacs) The Stochastic and the RSI are placed above their respective
averages. However, both the Stochastic and the RSI are still
10/09/2012 08/09/2012 % Chg. placed in the over bought zone, which would lead to selling
pressure and profit taking at regular intervals. Though the ADX line
Gold 1,016,342.4 140,297.0 624.42%
is moving higher the +DI line is moving lower indicating buyers are
Silver 1,352,686.1 140,802.0 860.70% booking profits at higher levels. MCX Silver faces resistance at
64060, 64154 and 64500 while the supports are placed at 61398,
Crude 1,047,673.3 29,373.0 3466.79% 60750 and 59512 levels.
Source – MCX
MCX CRUDE (19 SEPTEMBER 12) –
Global Market (Nymex - $) Crude opened higher at 5315 but later moved lower to touch an
intra-day low of 5290. However, it managed to bounce back from
11/09/2012 10/09/2012 % Chg. lower levels to move higher and touch an intra-day high of 5354. It
ended the day with modest gains to close at 5326.
Gold (oz) 1,731.20 1,729.20 0.12%
Silver (oz) 33.58 33.58 0.00% The RSI is placed below its averages, which would lead to selling
WTI Crude pressure. However, the Stochastic is placed above its average
96.39 96.54 -0.16% which would lead to buying support at lower levels. The ADX line,
(bbl)
Brent Crude
114.76 114.81 -0.04%
+DI line and –DI line are moving sideways, indicating a range
(bbl) bound trend. It faces resistance at 5238, 5366, 5408, 5516 and
Dollar Index 80.31 80.21 0.14% 5600 while the supports are placed at 5275, 5180, 5126 and 5093.
Source – www.cmegroup.com
NOTE – Stop Losses should be considered strictly on Closing
Basis
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www.keynotecapitals.com

Commodity News:
• Assocham for examining select commods for any insider trading: Industry body Assocham has suggested a
thorough examination of trading in five key agri commodities -- guar seeds, turmeric, black pepper, soya beans and
barley -- to check for their possible insider trading on the NCDEX terminals. "The trade positions for each of the five
agricultural commodities must be thoroughly examined to check for possible insider trading on the NCDEX terminals.
The data analysis points towards price determination by a cartel, which might be hoarding and influencing the
markets," Assocham said in a study released today. (ET)
• Gold eases but remains near 6-month high, eyes Fed: Gold eased on Monday as investors took profits, but the
metal stayed near a six-month high after last week's disappointing US payrolls data boosted hopes that the Federal
Reserve could unveil new stimulus as early as Thursday. (ET)
• Oil prices above $96 as market awaits US Fed meeting: The price of oil slipped to near $96 a barrel Monday after
some soft Chinese economic figures and ahead of a U.S. central bank meeting later this week that may see more
money injected into the U.S. economy. (ET)
• Coffee price skyrockets as weather affects crops: The price of coffee is skyrocketing on speculation that
Colombia's harvest will be smaller than expected for the fourth straight year. Coffee for December delivery jumped
10.6 cents, or 6.5 percent, to finish at $1.7365 per pound. That's the highest level since early August. Although
Brazil's coffee crop appears headed toward a robust harvest, Colombia's crop was hampered by heavy rainfall that
caused delays earlier in the season. Colombia could produce a smaller-than-expected crop for the fourth
consecutive year, Barclays Capital analysts said in a report on Friday. (ET)
Economic Calendar:
Tuesday Wednesday Thursday Friday
Sept 11 Sept 12 Sept 13 Sept 14
Industrial Output WPI Inflation
India
data
Forex Reserves
FOMC Minutes Initial Jobless Claims Consumer Price
US NFIB Small Business (Sep 8) Index (MoM) and
Optimism (AUG) (YoY)
Preliminary ruling on Producer Price Index Retail Sales (MoM)
US Trade Balance ESM & Fiscal Deficit (YoY) (Aug)
30-Year Bond Auction Industrial Production
(MoM)
Germany CPI data China Producer and Eurozone's
Global
Import Prices (MoM) Consumer Price
UK’s Trade Balance (Aug) Index (MoM)
UK Average Earnings, ECB Monthly Report Japan's Industrial
Japan’s Manpower Claimant Count Production (MoM)
Survey (4Q) charge and (YoY)
ECB Consumer Price Eurozone's
Index (MoM) (Aug) Employment Change
(YoY)
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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