1.
Daily Commodity Report
19th November 2012
MCX GOLD (5 DECEMBER 12) –
Gold Silver Crude
(5 Dec-12) (5 Dec-12) (18 Dec-12) Gold opened lower at 31629 but managed to move higher to touch
Open 31,629 60,904 4,830 an intra-day high of 31649. However, it failed to sustain higher and
moved lower. It touched an intra-day low of 31626. It ended the
High 31,649 60,930 4,849
day on a flat note to close at 31640.
Low 31,626 60,787 4,820
The RSI has moved above its average, which would lead to buying
Close 31,640 60,880 4,846 support. However, the Stochastic is still placed below its average,
Prev. Close 31,651 61,002 4,831 which would lead to selling pressure at higher levels. Though the
+DI line is placed above the 30 level it is declining, indicating
% Change -0.03% -0.20% 0.31%
buyers are booking profits at regular intervals. MCX Gold faces
Source – MCX resistance at 31737, 31937, 32100 and 32421 while the support
levels are placed at 31467, 31348, 30837, 30428 and 30340
Volume (In 000's)
MCX SILVER (5 DECEMBER 12) –
17-Nov-12 16-Nov-12 % Chg.
Gold (gms) 1,228.0 34,156.0 -96.40%
Silver opened lower at 60904 and moved further lower to touch an
intra-day low of 60787. However, it managed to move higher and
Silver (kgs) 33.9 1,872.5 -98.19% touched an intra-day high of 60930. It ended the day with modest
Crude (bbl) 621.7 24,345.3 -97.45% losses to close at 60880.
Source – MCX The RSI has moved above its average, which would lead to buying
support. However, the Stochastic is still placed below its average,
Turnover (In Lacs) which would lead to selling pressure at higher levels. The ADX line,
+DI line and –DI line are moving sideways indicating a range
17-Nov-12 16-Nov-12 % Chg.
bound trend. MCX Silver faces resistance at 61398, 61912, 62273,
Gold 38,850.1 1,077,448.6 -96.39% and 64600 while the supports are placed at 60750, 59512, 57400,
56953 and 53621 levels.
Silver 20,623.2 1,139,779.8 -98.19%
Crude 30,101.0 1,169,083.3 -97.43%
MCX CRUDE (18 DECEMBER 12) –
Source – MCX
Crude opened lower at 4830 and moved further lower to touch an
Global Market (Nymex - $) intra-day low of 4820. However, it managed to move higher and
touched an intra-day high of 4849. It ended the day with modest
19/11/2012 16/11/2012 % Chg. gains to close at 4846.
Gold (oz) 1,722.10 1,714.70 0.43%
The Stochastic and the RSI have moved above their respective
Silver (oz) 32.60 32.37 0.71% averages, which would lead to buying support. The ADX line, -DI
WTI Crude 87.59 86.92 0.77% line and +DI line are moving sideways indicating a range bound
trend. It faces resistance at 4892, 4950 and 5000 while the
Brent Crude 109.63 108.95 0.62%
supports are placed at 4760, 4692, 4603, 4578 and 4467.
Dollar Index 81.08 81.20 -0.15%
Source – www.cmegroup.com 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

2.
Commodity News:
Mustard seed sowing tepid, extractors see pickup later
The sowing of mustard oilseed, the major rabi oilseed crop in the country, has begun on a sluggish note. Mustard seed
acreage is still down by 4.35 lakh hectares as of November 15, 2012 as against last year. Oilseed acreage in
Rajasthan, the largest producer of mustard oilseed in the country, is hovering around 19.58 lakh hectare as compared
to 23.26 lakh hectare.
Gold, silver rebound on seasonal off-take
Gold prices recovered modestly after two-session slide at the domestic bullion market today on fresh buying by
stockists and investors amid good seasonal demand. Silver also regained on the back of speculative interest coupled
with higher industrial demand. Standard Gold (99.5 purity) rose by Rs 95 per 10 grams to finish at Rs 31,635 from
Friday's closing level of Rs 31,540.
Economic Calendar:
Countries / Monday Tuesday Wednesday
Regions 19/Nov 20/Nov 21/Nov
India
Existing Home Sales (MoM)
US Wholesale Sales (MoM) MBA Mortgage Applications
(Oct)
NAHB Housing Market Continuing & Initial Jobless
Building Permits
Index (Nov) Claims
Japan BoJ Monetary Policy
Global Bank of England Minutes
Meeting Minutes (Nov 19)
UK Public Sector Net
Borrowing
Keynote Capitals Ltd.
The Ruby, 9th Floor, Senapati Bapat Marg, Dadar (W), Mumbai – 400 028. Tel: 3026 6000. Fax: 3026 6088.
www.keynotecapitals.com

3.
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