Daily Commodity Report
16th October 2012
MCX GOLD (5 DECEMBER 12) –
Gold Silver Crude
(5 Dec-12) (5 Dec-12) (19 Oct-12) Gold opened lower at 31251. Incidentally, this was the highest
Open 31,251 61,066 4,855 price recorded for the day. It moved lower to touch an intra-day low
of 30956. It ended the day with moderate losses to close at 30977.
High 31,251 61,066 4,888
Low 30,956 59,858 4,785 The RSI has slipped below its average. Moreover, the Stochastic is
already placed below its average. These negative conditions would
Close 30,977 59,959 4,832 lead to selling pressure. The ADX line and +DI line are moving
Prev. Close 31,284 61,198 4,862 lower, while the -DI line is moving higher but is still placed below
the 30 level. MCX Gold faces resistance at 31348, 31467, 31937,
% Change -0.98% -2.02% -0.62%
32100, 32393 and 32421 while the support levels are placed at
Source – MCX 30837, 30428, 30340, 30179, 29668 and 28859.
Volume (In 000's) Positional Call – Sell MCX GOLD (5 DECEMBER 12) @ 30977,
Stop Loss 31225 Target of 30428
15/10/2012 13/10/2012 % Chg.
Gold (gms) 37,359.0 1,375.0 2617.02% MCX SILVER (5 DECEMBER 12) –
Silver (kgs) 1,948.0 70.7 2654.94%
Silver opened lower at 61066. Incidentally, this was the highest
Crude (bbl) 24,539.9 483.3 4977.57% price recorded for the day. It moved lower to touch an intra-day low
of 59858. It ended the day with large losses to close at 59959
Source – MCX
The RSI and the Stochastic are below their respective averages,
Turnover (In Lacs) which would lead to selling pressure. However, the Stochastic is
15/10/2012 13/10/2012 % Chg.
placed in the over sold zone, which would lead to regular bouts of
short covering. The ADX line and +DI line are moving lower, while
Gold 1,161,153.0 43,002.3 2600.21% the -DI line is moving higher but is still placed below the 30 level.
MCX Silver faces resistance at 60750, 61398, 61912, 62273, and
Silver 1,176,707.5 43,274.1 2619.20%
64600 while the supports are placed at 59512, 56953 and 53621
Crude 1,185,739.9 23,488.4 4948.19% levels.
Source – MCX
MCX CRUDE (19 OCTOBER 12) –
Global Market (Nymex - $) Crude opened lower at 4855. However, it managed to move further
16/10/2012 15/10/2012 % Chg. higher to touch an intra-day high of 4888. However, it failed to
sustain higher and moved lower to touch an intra-day low of 4785.
Gold (oz) 1,738.60 1,737.60 0.06% It ended the day with moderate losses to close at 4832.
Silver (oz) 32.81 32.74 0.19%
The Stochastic is placed below its average, which would lead to
WTI Crude 91.64 91.85 -0.23% selling pressure at regular intervals. However, the RSI is placed
Brent Crude 115.63 115.80 -0.15% above its average, which would lead to buying support at lower
levels. The ADX line and –DI line are placed above the 30 level
Dollar Index 79.69 79.76 -0.09%
indicating sellers have an upper hand. It faces resistance at 4892,
Source – www.cmegroup.com 4950 and 5050 while the supports are placed at 4760, 4692, 4603,
4578 and 4467
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

Commodity News:
Soyabean, palm oils down on subdued demand, global cues
Prices of soyabean and palmolein oils declined by Rs 50 per quintal on the wholesale oils and oilseeds market due to
fall in demand at prevailing higher levels amid a weak global trend. However, non-edible oils moved in a narrow range
in limited deals and settled around previous levels.
Sugar rises on strong festive demand
Sugar futures rose on Monday to their highest level in more than a week, supported by a rise in physical demand due
to festivals and on a likely drop in production due to poor rainfall in key cane growing areas. Key November contract
on the National Commodity and Derivatives Exchange was up 0.27 percent at 3,368 rupees ($63.69) per 100 kg, after
rising to 3,380 rupees earlier in the day.
Gold slips as buyers await clarity over Spain
Gold prices hit a two-week low on Monday as the metal's failure to break above $1,800 an ounce prompted some
investors to cash in gains while they awaited clarity on when and whether debt-laden Spain would request a bailout,
which could boost the euro. The precious metal was hurt by heavy liquidation in Asian trade, and by upbeat U.S.
consumer confidence data on Friday that tempered expectations over the extent of monetary easing measures from
the Federal Reserve.
Source:ET
Economic Calendar:
Countries / Tuesday Wednesday Thursday
Regions 16/Oct 17/Oct 18/Oct
India M3 Money Supply (Oct 14)
Consumer Price Index (YoY) MBA Mortgage Applications
US Initial Jobless Claims (Oct 13)
(Sep) (Oct 12)
Industrial Production (MoM) EIA Crude Oil Stocks change
(Sep) (Oct 12)
UK Core Consumer Price European Construction China Gross Domestic
Global
Index (YoY) (Sep) Output s.a (MoM) (Aug) Product (YoY) (Q3)
Euro Trade Balance s.a.
UK Retail Sales (YoY) (Sep)
(Aug) and CPI
EU Extraordinary Economic
Summit
Keynote Capitals Ltd.
The Ruby, 9th Floor, Senapati Bapat Marg, Dadar (W), Mumbai – 400 028. Tel: 3026 6000. Fax: 3026 6088.
www.keynotecapitals.com

Disclaimer
This document is not for public distribution and has been furnished to you solely for your information and must not be reproduced or
redistributed to any other person. Persons into whose possession this document may come are required to observe these restrictions.
This material is for the personal information of the authorized recipient, and we are not soliciting any action based upon it. This report is not
to be construed as an offer to sell or the solicitation of an offer to buy any security in any jurisdiction where such an offer or solicitation
would be illegal. It is for the general information of clients of Keynote Capitals Ltd. It does not constitute a personal recommendation or
take into account the particular investment objectives, financial situations, or needs of individual clients.
We have reviewed the report, and in so far as it includes current or historical information, it is believed to be reliable though its accuracy or
completeness cannot be guaranteed. Neither Keynote Capitals Ltd., nor any person connected with it, accepts any liability arising from the
use of this document. The recipients of this material should rely on their own investigations and take their own professional advice. Price
and value of the investments referred to in this material may go up or down. Past performance is not a guide for future performance.
Certain transactions -including those involving futures, options and other derivatives as well as non-investment grade securities - involve
substantial risk and are not suitable for all investors. Reports based on technical analysis centers on studying charts of a stock’s price
movement and trading volume, as opposed to focusing on a company’s fundamentals and as such, may not match with a report on a
company’s fundamentals.
Opinions expressed are our current opinions as of the date appearing on this material only. While we endeavor to update on a reasonable
basis the information discussed in this material, there may be regulatory, compliance, or other reasons that prevent us from doing so.
Prospective investors and others are cautioned that any forward-looking statements are not predictions and may be subject to change
without notice. Our proprietary trading and investment businesses may make investment decisions that are inconsistent with the
recommendations expressed herein.
We and our affiliates, officers, directors, and employees world wide may: (a) from time to time, have long or short positions in, and buy or
sell the securities thereof, of company (ies) mentioned herein or (b) be engaged in any other transaction involving such securities and earn
brokerage or other compensation or act as a market maker in the financial instruments of the company (ies) discussed herein or act as
advisor or lender / borrower to such company (ies) or have other potential conflict of interest with respect to any recommendation and
related information and opinions.
The analyst for this report certifies that all of the views expressed in this report accurately reflect his or her personal views about the
subject company or companies and its or their securities, and no part of his or her compensation was, is or will be, directly or indirectly
related to specific recommendations or views expressed in this report.
No part of this material may be duplicated in any form and/or redistributed without Keynote Capitals Ltd’s., prior written consent.
Keynote Capitals Ltd.
The Ruby, 9th Floor, Senapati Bapat Marg, Dadar (W), Mumbai – 400 028. Tel: 3026 6000. Fax: 3026 6088.
www.keynotecapitals.com