1.
Daily Commodity Report
25th September 2012
MCX GOLD (5 OCTOBER 12) –
Gold Silver Crude
(5 Oct-12) (5 Dec-12) (19 Oct-12) Gold opened lower at 31405 and moved further lower to touch an
Open 31,405 63,121 4,960 intra-day low of 31272. However, it managed to bounce back from
lower levels to touch an intra-day high of 31540. It ended the day
High 31,540 63,121 4,960
with marginal losses to close at 31433.
Low 31,272 62,034 4,891
The Stochastic and the RSI are placed below their respective
Close 31,433 62,412 4,902 averages, which would lead to selling pressure. However, the
Prev. Close 31,506 63,277 4,968 Stochastic is placed in the over sold zone, which would lead to
short covering at lower levels. The ADX line, -DI line and +DI line
% Change -0.23% -1.37% -1.33%
are moving sideways, indicating a range bound trend. MCX Gold
Source – MCX faces resistance at 31467, 31937, 32100, 32393 and 32421 while
the support levels are placed at 30837, 30428, 30340, 30179,
Volume (In 000's) 29668 and 28859.
24/09/2012 22/09/2012 % Chg.
MCX SILVER (5 DECEMBER 12) –
Gold (gms) 37,034.0 2,067.0 1691.68%
Silver opened lower at 63121. Incidentally, this was the highest
Silver (kgs) 2,073.6 63.6 3158.79% price recorded for the day. It moved lower to touch an intra-day low
Crude (bbl) 19,174.8 457.5 4091.21% of 62034. It ended the day with moderate losses to close at 62412.
Source – MCX The Stochastic and the RSI are placed below their respective
averages, which would lead to selling pressure. However, the
Turnover (In Lacs) Stochastic is placed in the over sold zone, which would lead to
short covering at lower levels. The ADX line, -DI line and +DI line
24/09/2012 22/09/2012 % Chg.
are moving sideways, indicating a range bound trend. MCX Silver
Gold 1,162,031.6 65,111.6 1684.68% faces resistance at 64600, 65723, 66000 and 67000 while the
supports are placed at 62273, 61912, 61398, 60750 and 59512
Silver 1,294,559.7 40,259.0 3115.58% levels.
Crude 942,964.2 22,736.1 4047.44%
Positional Call – SELL MCX SILVER (5 DECEMBER 12) around
Source – MCX 63761, Stop Loss 64825 Target of 61400
Global Market (Nymex - $) MCX CRUDE (19 OCTOBER 12) –
25/09/2012 24/09/2012 % Chg.
Crude opened lower at 4960. Incidentally, this was the highest
Gold (oz) 1,767.00 1,764.60 0.14% price recorded for the day. It moved lower to touch an intra-day low
of 4891. It ended the day with moderate losses to close at 4902.
Silver (oz) 34.09 33.98 0.31%
Crude (bbl) 92.25 91.93 0.35% The RSI and the Stochastic are placed below their respective
averages, which would lead to selling pressure. However, both the
Dollar Index 110.14 109.81 0.30%
RSI and Stochastic are placed in the over sold zone, which would
Source – www.cmegroup.com lead to intermediate bouts of short covering and buying support at
lower levels. The ADX line and –DI line are moving higher. Moreos,
the –DI line is placed above the 36 level indicating sellers are
gaining strength. It faces resistance at 4950, 5050, 5180, 5275 and
5354 while the supports are placed at 4892, 4692 and 4578.
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:
Gold steady as stimulus supports outlook
Gold inched up on Tuesday, consolidating above a 1-1/2-week low hit in the previous session, as expectations for
further strength in the metal tied to recent central bank stimulus measures supported sentiment. Cash gold dropped
half a percent in the previous session, after data showing weak German business sentiment weakened the euro and
sent the dollar to a 1-1/2-week high against a basket of currencies, weighing on dollar-priced commodities including
gold.
Sugar prices jump on aggressive buying
Sugar prices surged by Rs 200 per quintal in the national capital today following brisk buying by stockist for the
seasonal demand against tight stocks positions. Sugar ready M-30 and S-30 prices spurted from Rs.3860-3990 and
Rs.3845-3970 to settle at Rs.3950-4100 and Rs.3925-4075 per quintal. Mill delivery M-30 and S-30 prices also
surged from Rs.3550-3850 and Rs.3525-3825 to end at Rs.3625-4050 and Rs.3600-4025, showing a rise of Rs.200
per quintal.
Oil near $92 on gloomy economic outlook
Gloomy economic news dragged oil down to near $92 a barrel Monday in Asia. Benchmark crude fell 77 cents to
$92.12 by late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract rose
47 cents on Friday to close at $92.89 in New York.
Source : ET
Economic Calendar:
Countries / Tuesday Wednesday Thursday Friday
Regions 25/Sep 26/Sep 27/Sep 28/Sep
Federal Fiscal Deficit,
India
INR (Aug)
External Debt (Q2)
FX Reserves, USD (Sep
16)
Core Personal
S&P/Case-Shiller Home MBA Mortgage Durable Goods Orders Consumption Expenditure
US
Price Indices (YoY) (Jul) Applications (Sep 21) (Aug) - Prices Index (YoY)
(Aug)
Consumer Confidence New Home Sales (MoM) Gross Domestic Product Chicago Purchasing
(Sep) (Aug) Annualized (Q2) Managers' Index (Sep)
Richmond Fed
EIA Crude Oil Stocks Initial Jobless Claims
Manufacturing Index
change (Sep 21) (Sep 22)
(Sep)
Germany Gfk Consumer Euro Consumer Price EUR Unemployment China HSBC
Global
Confidence Survey (Oct) Index (MoM) (Sep) Change (Sep) Manufacturing PMI (Sep)
China UBS Consumption Euro Retail Sales (MoM) EUR M3 Money Supply France Gross Domestic
Indicator (Aug) (Aug) (3m) (Aug) Product (YoY) (Q2)
Euro Wage Inflation Japan Foreign bond GBP Gross Domestic
(MoM) (Jul) investment (Sep 21) Product (QoQ) (Q2)
ECB President Draghi's
Speech
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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