1. Daily Commodity Report
21st February 2012
MCX GOLD (APRIL 12) - Gold opened higher at 28120.
Gold Silver Crude
(5 Apr-12) (5 Mar-12) (19 Mar-12)
Incidentally, this was the lowest price for the day. It moved higher to
touch an intra-day high of 28174. It ended the day with modest
Open 28,120 56,240 5,188 gains to close at 28158.
High 28,174 56,410 5,235
Low 28,120 56,211 5,188 The RSI and the Stochastic are placed above their respective
averages and would lead to buying support at lower levels. The
Close 28,158 56,320 5,213 ADX line, -DI line and +DI line are moving sideways, indicating a
Prev. Close 28,100 56,108 5,187 range bound trend. MCX GOLD faces resistance at 28960, 29212
and 29433, while the supports are placed at 27557, 26347 and
% Change 0.21% 0.38% 0.50%
25500 levels.
Source – MCX
MCX SILVER (MARCH 12) - Silver opened higher at 56240. It
Volume (In 000's) moved lower to touch an intra-day low of 56211. However, it
20/2/2012 18/2/2012 % Chg.
managed a bounce back from lower levels. It touched an intra-day
high of 56410. It ended the day with modest gains to close at
Gold (gms) 6,193.0 1,141.0 442.77% 56320.
Silver (kgs) 306.5 57.2 435.38%
Crude (bbl) 4,143.0 534.8 674.68%
The RSI is placed below its average, which would lead to selling
pressure. However, the Stochastic is placed above its average and
Source – MCX would lead to buying support at lower levels. The ADX line, +DI line
and -DI line are moving sideways, indicating range bound trend.
Turnover (In Lacs) MCX Silver faces resistance at 57400, 57834, 58480 and 61708,
while the supports are placed at 54671, 53170 and 51366 levels.
20/2/2012 18/2/2012 % Chg.
Gold 174,328.8 32,047.1 443.98% MCX CRUDE (MARCH 12) - Crude opened higher at 5188 level.
Silver 172,533.8 32,082.6 437.78% Incidentally, this was the lowest price for the day. It moved higher to
touch an intra-day high of 5235. It ended the day with modest gains
Crude 216,224.1 27,704.2 680.48% to close at 5213.
Source – MCX
The RSI and Stochastic are placed above their respective averages,
Global Market (Nymex - $) which would lead to regular bouts of buying support. However, both
21/2/2012 20/2/2012 % Chg. are placed around the over bought zone, which would lead to
regular bouts of profit taking. The ADX line, and –DI line are moving
Gold (oz) 1,734.70 1,724.50 0.59% sideways, but +DI line is moving higher and is placed at 37.20
Silver (oz) 33.52 33.20 0.96% indicating buyers are gaining strength. It faces resistance at, 5318,
5366 and 5462, while the supports are placed at 5095, 4905 and
Crude (bbl) 105.03 103.24 1.73%
4727 levels.
Dollar Index 78.94 79.14 -0.26%
Source – www.cmegroup.com
Intra-day Resistance Intra-day Support
Commodities Close Pivot Point R1 R2 R3 S1 S2 S3
CRUDE MAR 12 5213 5212 5236 5259 5306 5189 5165 5118
GOLD APR 12 28158 28151 28181 28205 28259 28127 28097 28043
SILVER MAR 12 56320 56314 56416 56513 56712 56217 56115 55916
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2. US Economic Calendar:
Tuesday Wednesday Thursday Friday Monday
Feb. 21 Feb. 22 Feb. 23 Feb. 24 Feb. 27
4-Week Bill Existing Home Sales Jobless Claims New Home Sales Pending Home Sales
Announcement Index
3-Month Bill Auction Bank Reserve EIA Petroleum Status Consumer Sentiment Dallas Fed Mfg Survey
Settlement Report
2-Year Note Auction ICSC-Goldman Store Money Supply Data 4-Week Bill
Sales Announcement
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