Gold, silver, and crude oil futures prices are reported for June 12, 2012. Gold futures closed up 0.75% after fluctuating between gains and losses throughout the day. Silver futures finished up 0.89% despite also seesawing during trading. Crude oil futures ended down 0.34% after failing to sustain an early gain. Technical indicators show mixed signals across commodities, suggesting a range-bound market. Resistance and support levels are provided.

1. Daily Commodity Report
12th June 2012
MCX GOLD (4 AUGUST 12) - Gold opened higher at 29549. It
Gold Silver Crude
(4 Aug-12) (5 Jul-12) (19 Jun-12) moved lower to touch an intra-day low of 29527. However, it
managed to bounce back from lower levels to move higher. It
Open 29,549 54,315 4,678 touched an intra-day high of 29784. It ended the day with
High 29,784 54,940 4,773 moderate gains to close at 29765.
Low 29,527 54,280 4,650
The RSI is placed below its average, which would lead to selling
Close 29,765 54,694 4,659 pressure. However, the Stochastic has moved above its average,
which would lead to short covering at regular intervals. The ADX
Prev. Close 29,544 54,211 4,675
line, -DI line and +DI line are moving sideways, indicating a range
% Change 0.75% 0.89% -0.34% bound trend. MCX GOLD faces resistance at 30156, 30295 and
Source – MCX 30500 while the supports are placed at 29668, 28859, 28765 and
27962 levels.
Volume (In 000's)
MCX SILVER (5 JULY 12) - Silver opened higher at 54315. It
11/06/2012 09/06/2012 % Chg. moved higher to touch an intra-day high of 54940. However it failed
to sustain higher and moved lower to touch an intra-day low of
Gold (gms) 37,048.0 1,835.0 1918.96%
54280. However, it managed to come off the lows for the day to
Silver (kgs) 1,692.9 38.8 4260.97% end the day with moderate gains to close at 54694.
Crude (bbl) 23,692.9 961.7 2363.65%
The RSI has moved above its average, which would lead to buying
Source – MCX support. However, the Stochastic is placed below its average but is
placed in the over sold zone, which would lead to short covering at
Turnover (In Lacs) lower levels. The ADX line, +DI line and the –DI line are moving
sideways, indicating a range bound trend. MCX Silver faces
11/06/2012 09/06/2012 % Chg.
resistance at 55551, 56157, 57737, 61708 and 65159 while the
Gold 1,099,119.1 54,253.0 1925.91% supports are placed at 53818, 51029, and 50252 levels.
Silver 924,917.1 21,055.1 4292.84% MCX CRUDE (19 June 12) - Crude opened higher at 4678 level. It
Crude 1,117,232.0 44,916.8 2387.34% moved higher to touch an intra-day high of 4773. However it failed
to sustain higher and moved lower to touch an intra-day low of
Source – MCX 4650. It ended the day with modest losses to close at 4659.
Global Market (Nymex - $) The RSI is placed above its average but is still placed around the
12/06/2012 11/06/2012 % Chg. over sold zone, which would lead to short covering and buying
support. However, the Stochastic is placed below its average and
Gold (oz) 1,592.70 1,595.50 -0.18%
would lead to selling pressure. The ADX line and –DI line are
Silver (oz) 28.53 28.62 -0.30% placed above the 39 level but both have started coming down
Crude (bbl) 81.79 82.70 -1.10% indicating shorts are getting covered. It faces resistance at 4720,
4855, 4905 and 5000 while the supports are placed at 4624, 4421,
Dollar Index 82.53 82.52 0.02%
4259 and 3723.
Source – www.cmegroup.com
Intra-day Resistance Intra-day Support
Commodities Close Pivot Point
R1 R2 R3 S1 S2 S3
CRUDE JUN 12 4659 4694 4738 4817 4940 4615 4571 4448
GOLD AUG 12 29765 29692 29857 29949 30206 29600 29435 29178
SILVER JUL 12 54694 54638 54996 55298 55958 54336 53978 53318
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2. US Economic Calendar:
Tuesday Wednesday Thursday Friday Monday
Jun 12 Jun 13 Jun 14 Jun 15 Jun 18
Import and Export Producer Price Index Consumer Price Index Industrial Production Housing Market Index
Prices
Treasury Budget Retail Sales Jobless Claims Consumer Sentiment 4-Week Bill
Announcement
ICSC-Goldman Store EIA Petroleum Status Bloomberg Consumer Empire State Mfg 3-Month Bill Auction
Sales Report Comfort Index Survey
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