Daily Commodity Report
21st November 2012
MCX GOLD (5 DECEMBER 12) –
Gold Silver Crude
(5 Dec-12) (5 Dec-12) (18 Dec-12) Gold opened higher at 31714 but failed to sustain higher and
Open 31,714 61,516 4,930 moved lower to touch an intra-day low of 31692. However, it
managed to bounce back from lower levels to move higher. It
High 31,869 61,971 4,937
touched an intra-day high of 31714. It ended the day with marginal
Low 31,692 61,425 4,780 gains to close at 31744.
Close 31,744 61,536 4,806 The Stochastic and the RSI are placed above their respective
Prev. Close 31,695 61,597 4,934 averages, which would lead to buying support. The +DI line is
moving higher and is placed above the 30 level, indicating buyers
% Change 0.15% -0.10% -2.59%
are gaining strength. MCX Gold faces resistance at 31937, 32100
Source – MCX and 32421 while the support levels are placed at 31737, 31467,
31348, 30837, 30428 and 30340
Volume (In 000's)
MCX SILVER (5 DECEMBER 12) –
20-Nov-12 19-Nov-12 % Chg.
Gold (gms) 31,312.0 24,719.0 26.67%
Silver opened higher at 61516 and moved further higher to touch
an intra-day low of 61971. However, it failed to sustain higher and
Silver (kgs) 1,592.5 1,662.4 -4.21% moved lower. It touched an intra-day low of 61425. It ended the
Crude (bbl) 30,173.6 20,877.3 44.53% day with marginal losses to close at 61536.
Source – MCX The Stochastic and the RSI are placed above their respective
averages, which would lead to buying support. However, the
Turnover (In Lacs) Stochastic has moved in the over bought territory and would lead
to profit taking at higher levels. The ADX line and +DI line are
20-Nov-12 19-Nov-12 % Chg.
moving higher. The +DI line is placed above the 31 level, indicating
Gold 995,267.9 783,212.5 27.08% buyers are gaining strength. MCX Silver faces resistance at 61912,
62273, and 64600 while the supports are placed at 61398, 60750,
Silver 982,837.7 1,019,818.7 -3.63% 59512, 57400, 56953 and 53621 levels.
Crude 1,470,766.6 1,021,230.3 44.02%
MCX CRUDE (18 DECEMBER 12) –
Source – MCX
Crude opened higher at 4930 and moved marginally higher to
Global Market (Nymex - $) touch an intra-day high of 4937. However, it failed to sustain higher
and moved lower. It touched an intra-day low of 4780. It ended the
21/11/2012 20/11/2012 % Chg.
day with large losses to close at 4806.
Gold (oz) 1,725.10 1,723.60 0.09%
The Stochastic has slipped below its average and is also placed in
Silver (oz) 33.02 32.93 0.27%
over bought zone which would lead to selling pressure and profit
WTI Crude (bbl) 87.02 86.75 0.31% taking. However, the RSI is still placed above its average, which
Brent Crude (bbl) 110.10 109.83 0.25%
would lead to buying support at lower levels. The ADX line, – DI
line and +DI, indicating a range bound trend. It faces resistance at
Dollar Index 81.11 80.90 0.26%
4892, 4950, 5000 and 5054 while the supports are placed at 4760,
Source – www.cmegroup.com 4692, 4603, 4578 and 4467.
NOTE – Stop Losses should be considered strictly on Closing
Basis
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www.keynotecapitals.com

Commodity News:
Ban on loans for gold won't hurt demand, say jewelers
RBI's decision to impose a ban on banks from advancing loans to customers for purchasing gold in any form has
caused little worry among jewellers, who say the move will have only a temporary impact on the demand.
Oil falls on hopes of peace in Middle East
The price of oil fell sharply Tuesday on signs that Israel and Hamas are close to putting a halt to fighting that has
lasted nearly a week. A senior Hamas official said his group is close to a cease-fire with Israel. Secretary of State
Hillary Rodham Clinton was on her way to the Middle East to meet with leaders of the two sides and encourage a
peace deal. The trip marks the most direct U.S. engagement in the conflict. Benchmark crude fell $3.06, or 3.4
percent, to $86.22 a barrel in early afternoon trading. That wiped out a gain of 2.7 percent from Monday, when oil
closed above $89
Source: ET
Economic Calendar:
Countries / Wednesday Thursday Friday
Regions 21/Nov 22/Nov 23/Nov
Winter session of
India FX Reserves, USD (Nov 18)
parliament
CBI Industrial Trends
US MBA Mortgage Applications
Survey - Orders (MoM)
Continuing & Initial Jobless
Claims
Global Bank of England Minutes European Council meeting European Council meeting
UK Public Sector Net China HSBC Manufacturing Germany Gross Domestic
Borrowing PMI Product s.a (QoQ) (Q3)
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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