1. Daily Commodity Report
28th December 2012
Gold Silver Crude MCX GOLD (5 FEBRUARY 13) –
22-Nov-12
Gold opened lower at 30650 and moved further lower to touch an
Expiry 5-Feb-13 5-Mar-13 21-Jan-13 intra-day low of 30618. However, it managed to bounce back from
Open 30,650 57,597 4,988 lower levels to touch an intra-day high of 30849. It ended the day
with modest gains to close at 30823.
High 30,849 58,444 5,040
Low 30,618 57,227 4,969 The RSI has moved above its average. Moreover, the Stochastic is
already placed above its average. These positive conditions would
Close 30,823 58,175 4,992 lead to buying support. Though the -DI line is placed above the +DI
Prev. Close 30,698 57,472 4,983 line and 33 level it has started moving lower, indicating sellers are
covering shorts regularly. MCX Gold faces resistance at 30916 and
% Change 0.41% 1.22% 0.18%
31535 and 31790 while the support levels are placed at 30475,
Source – MCX 30366, 30150 and 29607.
Volume (In 000's) MCX SILVER (5 MARCH 13) –
Silver opened higher at 57597 but moved further lower to touch an
27-Dec-12 26-Dec-12 % Chg. intra-day low of 57227. However, it managed to bounce back from
Gold (gms) 28,135.0 24,252.0 16.01% lower levels to touch an intra-day high of 58444. It ended the day
with moderate gains to close at 58175.
Silver (kgs) 2,006.7 1,288.8 55.70%
Crude (bbl) 19,681.4 17,384.9 13.21%
The RSI and the Stochastic are placed above their respective
averages, which would lead to buying support. Though the -DI line
Source – MCX is placed above the +DI line and is also placed above the 34 level it
has started moving lower, indicating sellers are covering shorts
Turnover (In Lacs) regularly. MCX Silver faces resistance at 59483, 61484 and 63224
while the supports are placed at 57049, 56372 and 55952 levels.
27-Dec-12 26-Dec-12 % Chg.
Gold 864,210.2 745,031.2 16.00% MCX CRUDE (21 JANUARY 13) –
Crude opened higher at 4988 and moved further higher to touch an
Silver 1,159,297.5 741,478.4 56.35% intra-day high of 5040. However, it failed to sustain higher and
Crude 986,183.2 863,082.1 14.26% moved lower to touch an intra-day low of 4969. It ended the day
with modest gains to close at 4992.
Source – MCX
The Stochastic has moved above its average. Moreover, the RSI is
Global Market (Nymex - $) already placed above its average. These positive conditions would
28/12/2012 27/12/2012 % Chg. lead to buying support. The +DI line is placed above the -DI line
and is also placed above the 36 level, indicating buyers are gaining
Gold (oz) 1,664.30 1,663.70 0.04% strength. It faces resistance at 5007, 5085 and 5125 while the
Silver (oz) 30.31 30.24 0.23% supports are placed at 4989, 4788, 4755, and 4727
WTI Crude (bbl) 91.35 90.87 0.53%
Positional Call – BUY MCX CRUDE (21 JANUARY 13) above
Brent Crude (bbl) 111.15 110.77 0.34% 4950, Stop Loss 4871 Target of 5125
Dollar Index 79.65 79.69 -0.05%
Sanjay Bhatia (AVP – Technical Research)
Source – www.cmegroup.com Email sanjay@keynotecapitals.net Yahoo Id: keytechnicals@yahoo.in
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:
Brent climbs above $111 as US leaders set to resume budget talks
Brent crude climbed above $111 per barrel on Friday as U.S. lawmakers launch a last-chance round of budget talks to
prevent the world's largest oil consumer from slipping back into recession. Signs of a recovering U.S. economy also
supported U.S. crude prices, which are on track for their biggest weekly gain since mid-August. Brent crude had
inched up 20 cents to $111 per barrel by 0244 GMT, on course to post a weekly climb of nearly 1.9 percent and a full-
year increase of about 3.4 percent, which would be its smallest gain in four years.
Forward Markets Commission mulls bigger play for market makers in futures
The Forward Markets Commission ( FMC), the commodity market regulator, is planning to increase the participation of
market makers and aggregators in the futures market to boost liquidity. This will help farmers to take benefit of price
discovery and price risk management offered by futures markets.
China growth helps iron ore to rally the most in two years
Iron ore is rallying the most in about two years as analysts predict that China, the biggest buyer, will import a record
amount in 2013 as its accelerating economic growth spurs demand for steel. Trade to China will climb 6.9% to 778
million tonne in 2013, or 65% of all shipments, according to the median of 10 analyst estimates compiled by
Bloomberg. Seaborne demand will exceed supply for at least a 10th year, Morgan Stanley data show.
Source: ET
Economic Calendar:
Countries / Friday Monday Tuesday
Regions 28/12 31/12 01/13
Infrastructure Output (YoY)
India Bank Loan Growth (Dec 23)
(Nov)
Federal Fiscal Deficit, INR
(Nov)
Current Account Balance $
(Q3)
Chicago Purchasing Dallas Fed Manufacturing
US
Managers' Index (Dec) Business Index (Dec)
Pending Home Sales (YoY)
(Nov)
EIA Crude Oil Stocks change
(Dec 21)
Japan Labor Cash Earnings China HSBC Manufacturing China NBS Manufacturing
Global
(YoY) (Nov) PMI (Dec) PMI (Dec)
France Gross Domestic
Product (YoY) (Q3)
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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