Daily Commodity Report
13th September 2012
MCX GOLD (5 OCTOBER 12) –
Gold Silver Crude
(5 Oct-12) (5 Dec-12) (19 Sep-12) Gold opened higher at 31911 and moved further higher to touch an
intra-day high of 32105. However, it failed to sustain higher and
Open 31,911 63,899 5,358
moved lower to touch an intra-day low of 31727. It ended the day
High 32,105 64,755 5,404 on a flat note to close at 31866.
Low 31,727 61,912 5,330 The Stochastic and the RSI are placed below their respective
averages. Moreover, both the Stochastic and the RSI are still
Close 31,866 63,298 5,353
placed in the over bought zone. These technical negative
Prev. Close 31,876 63,804 5,356 conditions would lead to selling pressure and profit taking at
regular intervals. Though the ADX line is moving higher the +DI line
% Change -0.03% -0.79% -0.06% is moving lower, indicating buyers are booking profits at regular
Source – MCX intervals. MCX Gold faces 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,
12/09/2012 11/09/2012 % Chg. Stop Loss 32010 Target of 31500
Gold (gms) 55,242.0 25,120.0 119.91% MCX SILVER (5 DECEMBER 12) –
Silver (kgs) 3,587.2 1,676.3 113.99% Silver opened higher at 63899 and moved further higher to touch
Crude (bbl) 20,227.9 16,146.6 25.28%
an intra-day high of 64755. However, it failed to sustain higher and
moved lower to touch an intra-day low of 61912. It ended the day
Source – MCX with moderate losses to close at 63298.
The RSI has slipped below its average. Moreover, the Stochastic is
Turnover (In Lacs) already placed below its average. The Stochastic and the RSI are
also placed in the over bought zone These negative technical
12/09/2012 11/09/2012 % Chg.
conditions would lead to selling pressure and profit taking at
Gold 1,764,971.5 801,372.3 120.24%
regular intervals. Though the ADX line is moving higher the +DI line
is moving lower indicating buyers are booking profits at higher
Silver 2,281,474.3 1,072,496.4 112.73% levels. MCX Silver faces resistance at 64060, 64154 and 64755
while the supports are placed at 61398, 60750 and 59512 levels.
Crude 1,086,895.6 864,036.6 25.79%
Positional Call – SELL MCX SILVER (5 DECEMBER 12) around
Source – MCX
63300, Stop Loss 64155 Target of 61400
Global Market (Nymex - $) MCX CRUDE (19 SEPTEMBER 12) –
13/09/2012 12/09/2012 % Chg.
Crude opened higher at 5358 and moved further higher to touch an
intra-day high of 5404. However, it failed to sustain higher and
Gold (oz) 1,731.60 1,731.10 0.03% moved lower to touch an intra-day low of 5330. It ended the day on
a flat note to close at 5353.
Silver (oz) 33.11 33.24 -0.38%
WTI Crude The RSI and the Stochastic are placed above its averages, which
97.06 97.01 0.05%
(bbl) would lead to buying support. However, the ADX line, +DI line and
Brent Crude –DI line are moving sideways, indicating a range bound trend. It
116.10 115.96 0.12%
(bbl) faces resistance at 5366, 5408, 5516 and 5600 while the supports
Dollar Index 79.58 79.43 0.14% are placed at 5238, 5275, 5180, 5126 and 5093.
Source – www.cmegroup.com
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 glitters to top Rs 32,000 mark on global cues; silver shines: Gold prices soared to scale a new milestone
and topped Rs 32,000 per 10 grams at the bullion hub here today on frantic buying by investors and speculators
influenced by buoyant global momentum. Silver, too, jumped to retrace the Rs 63,000 level, driven by heavy
speculative build up. (ET)
• Silver moves up in futures trade on higher global trend: Silver prices moved up by Rs 160 to Rs 65,596 per kg
in futures trading today on increased buying by speculators on higher global trend. At the Multi Commodity
Exchange, silver for delivery in March rose by Rs 160, or 0.24 per cent, to Rs 65,696 per kg, with a business
turnover of 251 lots. (ET)
• Brent crude oil futures gain on German court announcement, Federal Reserve stimulus hopes: Brent crude
oil rose more than $1 per barrel to a one-month high on Wednesday, lifted by a German court decision backing a
euro zone bailout fund and hopes the Federal Reserve will ease monetary policy this week. Brent crude for October
delivery, which expires on Thursday, rose for a fifth straight session, gaining $1.08 to reach $116.48 a barrel by
1009 GMT. It earlier hit $116.67, its highest point since Aug 16. (ET)
• Copper futures soften on global cues: Tracking a weak global trend, copper prices softened by 0.11 per cent to
Rs 452.40 per kg in futures trade today as speculators trimmed their positions. At the Multi Commodity Exchange,
copper for delivery in November softened by 50 paise, or 0.11 per cent, to Rs 452.40 per kg, with a business
turnover of 19,857 lots. (ET)
Economic Calendar:
Thursday Friday Monday Tuesday
Sept 13 Sept 14 Sept 17 Sept 18
WPI Inflation M3 Money Supply
India
Forex Reserves
Initial Jobless Claims Consumer Price NY Empire State Current Account
US
(Sep 8) Index (MoM) and Manufacturing Index
(YoY) (Sep)
Producer Price Index Retail Sales (MoM) NAHB Housing
(YoY) (Aug) Market Index
30-Year Bond Auction Industrial Production
(MoM)
China Producer and Eurozone's EUR Global Trade UK's Consumer Price
Global
Import Prices (MoM) Consumer Price Balance (Jul) Index (MoM) and
(Aug) Index (MoM) (YoY)
ECB Monthly Report Japan's Industrial China's House Price
Production (MoM) Index
and (YoY)
ECB Consumer Price Eurozone's
Index (MoM) (Aug) Employment Change
(YoY)
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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

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