The document provides a daily commodity report for gold, silver, and crude on the MCX for November 20, 2012. It summarizes the opening, high, low, and closing prices for each commodity. It also analyzes technical indicators like the stochastic and RSI. Resistance and support levels are given. A positional call to buy MCX crude around 4935 with a stop loss of 4899 and target of 5000 is made. Brief news items on rural steel demand, pulses prices, and gold prices are also provided. The economic calendar for the next few days with key global economic events and data releases is listed.

1. Daily Commodity Report
20th November 2012
MCX GOLD (5 DECEMBER 12) –
Gold Silver Crude
(5 Dec-12) (5 Dec-12) (18 Dec-12) Gold opened higher at 31666 but failed to sustain higher and
Open 31,666 61,020 4,850 moved lower to touch an intra-day low of 31615. However, it
managed to bounce back from lower levels to move higher. It
High 31,750 61,670 4,941
touched an intra-day high of 31750. It ended the day with modest
Low 31,615 60,962 4,844 gains to close at 31695.
Close 31,695 61,597 4,934 The Stochastic has moved above its average. Moreover, the RSI is
Prev. Close 31,640 60,880 4,846 already placed above its average. These positive conditions would
lead to buying support. The +DI line is moving higher and is placed
% Change 0.17% 1.18% 1.82%
above the 30 level, indicating buyers are gaining strength. MCX
Source – MCX Gold faces resistance at 31737, 31937, 32100 and 32421 while
the support levels are placed at 31467, 31348, 30837, 30428 and
Volume (In 000's) 30340
19-Nov-12 17-Nov-12 % Chg.
MCX SILVER (5 DECEMBER 12) –
Gold (gms) 24,719.0 1,228.0 1912.95%
Silver opened higher at 61020 but failed to sustain higher and
Silver (kgs) 1,662.4 33.9 4808.24% moved lower to touch an intra-day low of 60962. However, it
Crude (bbl) 20,877.3 621.7 3258.10% managed to bounce back from lower levels to move higher. It
touched an intra-day high of 61670. It ended the day with moderate
Source – MCX gains to close at 61597.
Turnover (In Lacs) The Stochastic has moved above its average. Moreover, the RSI is
already placed above its average. These positive conditions would
19-Nov-12 17-Nov-12 % Chg.
lead to buying support. The ADX line and +DI line are moving
Gold 783,212.5 38,850.1 1915.98% higher. The +DI line is placed above the 30 level, indicating buyers
are gaining strength. MCX Silver faces resistance at 61912, 62273,
Silver 1,019,818.7 20,623.2 4845.00% and 64600 while the supports are placed at 61398, 60750, 59512,
Crude 1,021,230.3 30,101.0 3292.68% 57400, 56953 and 53621 levels.
Source – MCX MCX CRUDE (18 DECEMBER 12) –
Global Market (Nymex - $) Crude opened higher at 4850 but failed to sustain higher and
moved marginally lower to touch an intra-day low of 4844.
20/11/2012 19/11/2012 % Chg.
However, it managed to bounce back from lower levels to move
Gold (oz) 1,734.20 1,734.40 -0.01% higher. It touched an intra-day high of 4941. It ended the day with
moderate gains to close at 4934.
Silver (oz) 33.18 33.19 -0.03%
WTI Crude (bbl) 89.14 89.28 -0.16% The Stochastic and the RSI are placed above their respective
averages, which would lead to buying support. The ADX line and
Brent Crude (bbl) 111.71 111.70 0.01%
+DI line are moving higher. The +DI line has moved above the 32
Dollar Index 80.85 81.03 -0.22% level, indicating buyers are gaining strength. It faces resistance at
Source – www.cmegroup.com 4950, 5000 and 5054 while the supports are placed at 4892, 4760,
4692, 4603, 4578 and 4467.
Positional Call – BUY MCX CRUDE (18 DECEMBER 12) around
4935, Stop Loss 4899 Target of 5000
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:
Rural market has huge potential for steel: Steel Minister
The country's rural market has vast potential for steel products and the demand could supersede developed nations in
years to come, Steel Minister Beni Prasad Verma said on Monday. "Though two-third of the country's population lives
in villages, steel consumption in rural areas in only 85 lakh tonne which is 13% of the national average," Verma said at
an all-India meeting of Rashtriya Ispat Nigam Limited (RINL) customers and rural dealers.He said in the rural areas
per person consumption of steel was 10 kg whereas national average was at 59 kg.
Increased supply results in fall in price of pulses
Prices of pulses, a rich source of protein and an integral part of an Indian meal, are likely to correct. Branded players
like Tata and Adani anticipate chana and tur dal prices to fall by 5 per cent to 10 per cent in a fortnight, owing to
increased arrivals in the domestic market
Gold prices on a hike, turbulence in west Asia and weak dollar responsible
Gold prices firmed up as the dollar slipped on Monday while violence in the Middle East and talks to resolve an
imminent fiscal crunch in the United States lent support. The spot gold rose 0.61 per cent to $1,723.9 an ounce by
1219 GMT. The US gold gained half a percent to $1,723.90 an ounce. However, spot silver rose 1.43 per cent to
$32.67 an ounce.
Source: ET
Economic Calendar:
Countries / Tuesday Wednesday Thursday
Regions 20/Nov 21/Nov 22/Nov
India
CBI Industrial Trends Survey
US Wholesale Sales (MoM) MBA Mortgage Applications
- Orders (MoM)
Continuing & Initial Jobless
Building Permits
Claims
Global Bank of England Minutes European Council meeting
UK Public Sector Net China HSBC Manufacturing
Borrowing PMI
Euro Markit Manufacturing
& Service PMI
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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