Daily Commodity Report
27th August 2012
MCX GOLD (5 OCTOBER 12) –
Gold Silver Crude
(5 Oct-12) (5 Sept-12) (19 Sep-12) Gold opened higher at 30890 but moved lower to touch an intra-
Open 30,890 56,995 5,346
day low of 30885. However, it managed to move higher to touch an
intra-day high of 30955. It ended the day with modest gains to
High 30,955 57,549 5,356 close at 30947.
Low 30,885 56,995 5,337
The Stochastic and the RSI are placed above their respective
Close 30,947 57,508 5,354 averages, which would lead to buying support at regular intervals.
However, the RSI and Stochastic still remain placed in the over
Prev. Close 30,877 56,949 5,346 bought zone, which would lead to profit taking at higher levels. The
% Change 0.23% 0.98% 0.15% +DI line and ADX line are moving higher and are placed above the
47 level indicating buyers have an upper hand. MCX Gold faces
Source – MCX resistance at 30960, 31000 and 31500 while the support levels are
placed at 30840, 30428, 30340,30179, 29668 and 28859
Volume (In 000's) Positional Call – Book Profits MCX Gold (5 Oct 12) around
25/08/2012 24/08/2012 % Chg.
30947 given Buy @ 30340 on 22 & 23 August 2012
Gold (gms) 2,991.0 31,504.0 -90.51% MCX SILVER (5 SEPT 12) –
Silver (kgs) 242.1 2,139.8 -88.68% Silver opened higher at 56995. Incidentally, this was the lowest
price recorded for the day. It moved further higher to touch an intra-
Crude (bbl) 565.2 25,318.5 -97.77%
day high of 57549. It ended the day with moderate gains. It closed
Source – MCX the day at 57508.
The Stochastic and the RSI are placed above their respective
Turnover (In Lacs) averages, which would lead to buying support. However, both are
also placed in the over bought zone, which would lead to regular
25/08/2012 24/08/2012 % Chg.
bouts of profit taking. The ADX line and +DI line are moving higher,
Gold 92,490.8 970,729.8 -90.47% indicating buyers are gaining strength. MCX Silver faces resistance
at 57549, 57737 and 58000 while the supports are placed at
Silver 138,892.5 1,213,769.8 -88.56% 57180, 57000, 56157, 55551, 54570 and 53675 levels.
Crude 30,225.2 1,350,721.9 -97.76% MCX CRUDE (19 September 12) –
Source – MCX
Crude opened unchanged at 5346 but moved lower to touch an
intra-day low of 5337. However, it managed to move higher and
Global Market (Nymex - $) touched an intra-day high of 5356. It ended the day with marginal
losses to close at 5354.
27/08/2012 25/08/2012 % Chg.
The RSI and the Stochastic are already placed below their
Gold (oz) 1,674.80 1,669.80 0.30%
respective averages, which would lead to selling pressure. The
Silver (oz) 31.07 30.62 1.47% ADX line, +DI line and –DI line are moving sideways, indicating a
WTI Crude range bound trend. It faces resistance at 5366, 5408, 5516 and
97.40 96.15 1.30%
(bbl) 5600 while the supports are placed at 5238, 5275, 5180, 5126 and
Brent Crude 5093.
115.11 113.59 1.34%
(bbl)
Dollar Index 81.64 81.59 0.14% Positional Call – SELL MCX CRUDE (19 Sept 12)) around 5361,
Source – www.cmegroup.com Stop Loss 5425 Target of 5225
Keynote Capitals Ltd.
The Ruby, 9th Floor, Senapati Bapat Marg, Dadar (W), Mumbai – 400 028. Tel: 3026 6000. Fax: 3026 6088.
www.keynotecapitals.com

Commodity News:
• Nine brokerages fined over guar trading violation: NCDEX, the country's second largest commodity bourse, has
penalised nine more brokerage firms on the direction of market regulator Forward Market Commission (FMC) for
violating rules on collecting margin money from traders punting on guar gum futures. The direction is a part of FMC's
probe into the abnormal rise of guar complex prices by 1,000% from November 2011 to April 2012 before the trade
was finally banned. (ET)
• Investors book profit as gold touches Rs 31,000: Investors, looking at short-term gains, have liquidated a portion
of their holdings in gold in the last few days after the yellow metal touched Rs 31,000 per 10 gm. Jewellers and
bullion dealers say that those who need immediate cash are selling gold now but they will again enter the market
shortly as there is a feeling in the market that the yellow metal will touch Rs 32,500 around Diwali. (ET)
Economic Calendar:
Monday Tuesday Wednesday Thursday
Aug 27 Aug 28 Aug 29 Aug 30
India
US Richmond Fed MBA Mortgage Initial Jobless Claims
Manufacturing Index Applications
Gross Domestic Personal
Product Annualized Consumption
Expenditures - Price
Index (MoM)
Core Personal EIA Natural Gas
Consumption Storage change
Expenditures (QoQ)
Global Germany's Import Germany's Gfk Germany's Consumer Japan's
price Index Consumer Price Index (MoM) Unemployment Rate
Confidence Survey and (YoY)
Germany's Business Germany's Retail Japan's Foreign bond Eurozone's Economic
Climate Sales (MoM) and investment Sentiment Indicator
(YoY)
Japan's Retail Trade Germany's
(YoY) Unemployment
Change
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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