Daily Commodity Report
22nd October 2012
MCX GOLD (5 DECEMBER 12) –
Gold Silver Crude
(5 Dec-12) (5 Dec-12) (15Nov-12) Gold opened higher at 31262 but moved lower to touch an intra-
Open 31,262 59,804 4,912 day low of 31250. However, it managed to bounce back and
moved higher to touch an intra-day high of 31291. It ended the day
High 31,291 59,877 4,921
with marginal gains to close at 31287.
Low 31,250 59,738 4,912
The RSI and the Stochastic are placed above their respective
Close 31,287 59,841 4,914 averages, which would lead to buying support. The ADX line, -DI
Prev. Close 31,258 59,872 4,918 line and +DI line are moving sideways, indicating a range bound
trend. MCX Gold faces resistance at 31348, 31467, 31937, 32100,
% Change 0.09% -0.05% -0.08%
32393 and 32421 while the support levels are placed at 30837,
Source – MCX 30428, 30340, 30179, 29668 and 28859.
Volume (In 000's) Positional Call – BUY MCX GOLD (5 DECEMBER 12) @ 31375,
Stop Loss 31040 Target of 32100
20-Oct-12 19-Oct-12 % Chg.
Gold (gms) 1,179.0 34,622.0 -96.59% MCX SILVER (5 DECEMBER 12) –
Silver (kgs) 48.4 2,051.1 -97.64%
Silver opened lower at 59804 and moved further lower to touch an
Crude (bbl) 413.2 16,134.9 -97.44% intra-day low of 59738. However, it managed to bounce back and
moved higher to touch an intra-day high of 59877. It ended the day
Source – MCX
with marginal losses to close at 59841.
Turnover (In Lacs) The Stochastic and the RSI are placed below their respective
20-Oct-12 19-Oct-12 % Chg.
average’s, which would lead to selling pressure. The ADX line, the
+DI line and the -DI line are moving sideways indicating a range
Gold 36,879.2 1,085,115.2 -96.60% bound trend. MCX Silver faces resistance at 60750, 61398, 61912,
62273, and 64600 while the supports are placed at 59512, 56953
Silver 28,948.4 1,234,166.0 -97.65%
and 53621 levels.
Crude 20,319.6 795,575.3 -97.45%
MCX CRUDE (15 November 12) –
Source – MCX
Crude opened higher at 4912. Incidentally, this was the lowest
Global Market (Nymex - $) price recorded for the day. It moved higher to touch an intra-day
22/10/2012 19/10/2012 % Chg. high of 4921. It ended the day with moderate gains to close at
4914.
Gold (oz) 1,725.30 1,724.00 0.08%
The Stochastic is placed below its average, which would lead to
Silver (oz) 32.23 32.10 0.41%
selling pressure. However, the RSI is still placed above its average,
WTI Crude 90.22 90.05 0.19% which would lead to buying support. The ADX line, the +DI line and
Brent Crude 110.51 110.14 0.34% the -DI line are moving sideways indicating a range bound trend. It
faces resistance at 4950 and 5050 while the supports are placed at
Dollar Index 79.55 79.63 -0.10%
4892, 4760, 4692, 4603, 4578 and 4467
Source – www.cmegroup.com
NOTE – Stop Losses should be considered strictly on Closing
Basis
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www.keynotecapitals.com

Commodity News:
Guar seed, gum prices rise on relisting buzz; confidence soars
Guar prices are inching up following speculation that the commodity would be relisted on the futures market, easing
worries of farmers who have made huge investments this year in anticipation of good returns. The price of guar gum in
Jodhpur spot market in Rajasthan was quoted at Rs 31,000 a tonne, up from Rs 20,000 a tonne a fortnight ago.
UP mills oppose move to nix custom duty on raw sugar.
Uttar Pradesh sugar millers have written to Chief Minister Akhilesh Yadav saying the Union government's proposal to
reduce the custom duty on imported raw sugar will hurt mills and farmers. The union food minister has said the
government was considering a reduction in the custom duty on raw sugar from 10% to zero per cent. This would make
sugar mills in Uttar Pradesh and other northern states financially nonviable as it would bring down sugar prices in the
market, said a sugar industry official. However, millers and refiners in coastal states like Maharashtra may not feel the
pinch as being located close to ports they would import cheap raw sugar and dump them in the market, said a private
sugar miller.
Gold, silver rise for the 3rd day on festive demand
Both gold and silver rose for the third day in a row in the bullion market on buying by stockists and retailers for the
ongoing festive season. Gold gained Rs 175 to Rs 31,725 per 10 grams, while silver added Rs 50 to Rs 60,600 per
kg. Traders said both precious metals rose despite a weak global trend on increased buying for 'Navratras' -- an
auspicious week for buying new things in Hindu mythology.
Source: ET
Economic Calendar:
Countries / Monday Tuesday Wednesday
Regions 22/Oct 23/Oct 24/Oct
India
Markit Manufacturing PMI
US Presidential Debate
(Oct)
Richmond Fed Manufacturing
New Home Sales (MoM) (Sep)
Index (Oct)
Fed Interest Rate Decision
(Oct 24)
UK Nationwide Housing Canada Retail Sales (MoM) China HSBC Manufacturing
Global
Prices n.s.a (YoY) (Sep) (Aug) PMI (Oct)
Euro Markit Manufacturing
PMI (Oct)
Euro ECB President Mario
Draghi Visits Germany
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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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